NEW YORK & BALA CYNWYD, Pa., June 14 (Bernama-BUSINESS WIRE) — Tokio Marine North America Services (TMNAS) and Akur8 are thrilled to announce their new partnership, which amplifies and innovates the insurance pricing capabilities at TMNAS in their key operating markets. By deploying Akur8, TMNAS will be able to convert data into underwriting action by setting up predictive models across all product lines thanks to Akur8’s Transparent Machine Learning (ML) technology. This collaboration reinforces Akur8’s footprint in North America, a strategic region.
Specifically developed for insurers, Akur8’s solution enhances pricing processes by automating risk modeling using proprietary transparent ML technology. Core benefits for insurers include increased efficiency and speed-to-insights for faster data discovery and evaluation, and advanced predictive modeling capabilities with even small, noisy datasets paving the way towards data-driven underwriting, all while maintaining full transparency and control of the models created.