Akur8, the global actuarial AI platform, has entered a collaboration with Tune Protect.
Tune Protect will use Akur8’s actuarial solution to support pricing of Property & Casualty (P&C) insurance products.
Akur8’s platform, designed for insurers, applies machine-learning technology to enhance pricing processes.
It aims to provide faster model development, transparent outputs, and data-driven pricing decisions that can be clearly communicated across stakeholders.
By adopting Akur8 Pricing, Tune Protect’s team expects to accelerate pricing cycles and improve collaboration around pricing decisions through more structured and transparent modelling.
The platform facilitates model development and refinement, producing results with clear, traceable workflows.
This allows the insurer to respond more quickly to market changes and ensure alignment between pricing, underwriting, and business teams.
Customers may benefit from clearer explanations, more tailored offerings, and a more consistent insurance experience.
“Akur8’s Risk module provides advanced tools and diagnostics that significantly streamline the model selection process. The Rate module further enhances efficiency by potentially simplifying post-modelling analysis and implementation studies, thus effectively replacing a time-consuming spreadsheet-based approach,”
said Hans-Joachim Zimmermann, Appointed Representative of Tune Protect.
He noted the adoption is a step towards strengthening pricing governance, improving operational agility, and accelerating data-driven decision-making.
Samuel Falmagne, CEO of Akur8, added:
“By equipping their teams with Akur8 Pricing, we are supporting their journey toward more agile, transparent, and future-ready pricing processes at scale.”
Featured image credit: Edited by Fintech News Malaysia, based on image by roverto via Freepik
