Overview
Exakt is an insurance pricing platform that enables carrier pricing teams to build, test, and deploy rating models significantly faster than with traditional tools. The company targets insurance carriers and pricing-focused organizations that need to move beyond spreadsheet-based workflows and opaque machine learning outputs.
The platform provides a unified cloud environment for the full pricing model lifecycle -- from data ingestion through automated variable selection, model fitting, portfolio simulation, and one-click API deployment. A key design principle is interpretability: models produced by the platform are fully explainable and editable by actuaries, addressing the industry barrier of black-box ML outputs that pricing committees cannot audit or justify.
Founded in 2022 by actuary and data scientist Kobus Rust, Exakt received Pre-Seed funding from Insurtech Gateway in November 2023 and participates in that firm's incubation program. As of late 2024, the company had secured initial paying customers and was actively expanding its customer base.
Products & Services
Pricing Platform
A cloud-based platform for insurance pricing model development. Teams can upload data, run automated model-building workflows, and deploy live rating models via a REST API -- all within a single environment.
Key Features
- Data ingestion via web portal or API (CSV and Parquet formats)
- Automated variable binning, feature selection, and interaction detection
- Interpretable machine learning -- models are editable and auditable without relying on SHAP values or partial dependency plots
- Portfolio-level simulation with AI-assisted summaries
- Concurrent multi-model runs with full change tracking
- Model export in Python, R, Excel, JSON, and PMML formats
- One-click REST API deployment of live pricing models
- Geographic risk modeling with climate and demographic data integration
- Built-in A/B testing for comparing model performance
Target Users: Actuaries and pricing teams at insurance carriers and MGAs
Excel Conversion Tool
A tool that converts existing Excel-based pricing models into REST API endpoints, enabling carriers to modernize legacy spreadsheet workflows without a full rewrite.
Key Features
- Converts Excel pricing models to deployable API endpoints
- Lowers the barrier to pricing modernization for carriers using spreadsheet-based methods
Target Users: Carriers and MGAs with legacy Excel-based pricing infrastructure
Design Partnership Program
An early-access program giving early-adopter customers access to new features in development in exchange for structured feedback.
Key Features
- Early access to in-development features
- Structured feedback loop supporting product development
- Hands-on onboarding and dedicated support included
Target Users: Pricing teams seeking to co-develop capabilities with Exakt
At a Glance
- Founded
- 2022
- Headquarters
- London, England, UK
- Employees
- 1-10
- Funding
- Pre-Seed
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- Pricing Modeling Insurance Rating Actuarial Tools
- Insurance Verticals
- P&C Personal P&C Commercial Specialty/E&S
- Target Customers
- Carriers, MGAs/MGUs
Customers
- No specific customers named publicly
Links
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Last updated: 2026-06-13