Swedbank, a Swedish monetary establishment, has chosen Akur8’s AI-powered platform to refine its insurance coverage pricing course of.
The partnership with Akur8 goals to bolster precision, effectivity and buyer satisfaction in Swedbank’s insurance coverage choices.
Akur8’s cloud-based answer is tailor-made for insurance coverage firms, offering superior instruments to automate and optimise pricing fashions with transparency and management.
The collaboration with Akur8 is predicted to supply Swedbank with an edge within the quickly evolving insurance coverage market.
Swedbank’s insurance coverage portfolio contains residence, auto, journey, life and bank card legal responsibility insurance coverage.
The platform’s ML know-how facilitates faster, extra knowledgeable pricing choices, resulting in improved predictive efficiency and market responsiveness.
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
helpful
resolution for what you are promoting, so we provide a free pattern which you can obtain by
submitting the under type
By GlobalData
Akur8 stated this integration displays the broader trade development in the direction of digital transformation, the place insurtech options are reshaping conventional practices.
Akur8 chief technique and product officer Joanna Chardon stated: “We’re delighted to welcome a brand new consumer within the Baltics and to work alongside a provider who shares our dedication to buyer help. This synergy is all of the extra gratifying as we proceed to take a position considerably within the growth of recent functionalities and the user-friendliness and stay help from our groups around the globe.”
Swedbank head of underwriting Juris Kipluks stated: “The platform is an ideal match with our growth plan, and can allow us to enhance effectivity in our modelling course of.
“We have been particularly impressed with Akur8’s lightning-fast consumer help, which permits us to faucet into technical experience past simply the platform, deal with the enterprise aspect and settle for new initiatives – all of which additional strengthen our market positioning and serve our shoppers higher.”
Not too long ago, Akur8 fashioned related partnerships with numerous insurers, underscoring the rising demand for AI-driven pricing options.
Final month, Georgia Farm Bureau Mutual Insurance coverage Firm and MGS Seguros of Spain adopted Akur8’s know-how.
In January 2024, Mapfre, one other Spanish insurer, built-in Akur8’s platform to boost its pricing methods.
