Akur8

Overview

Akur8 is an actuarial platform for non-life insurance pricing and reserving, built on what the company calls Transparent Machine Learning. The pricing product automates feature engineering and risk model construction while keeping every variable contribution visible to the actuary, and the reserving product, acquired as Arius from Milliman, replaces spreadsheet based reserve analysis. A rate repository and deployment engine carry approved rates into production through open interfaces, alongside tooling for re-rating, rate selection, demand modeling and financial forecasting. Buyers are non-life carriers, reinsurers, managing general agents and actuarial consultancies: more than 100 customers across 40 or more countries, with named users including AXA, Generali, Munich Re, MS&AD, the specialty insurer Canopius, the managing general agent Bass Underwriters, and the insurtechs Manypets and wefox. Reported daily actuarial users have grown from around 900 to more than 3,000 across personal, commercial and specialty lines. Strategic partnerships include Milliman, Guidewire, Duck Creek and Sapiens, and a partnership with hyperexponential covers specialty and commercial pricing. In January 2026 Akur8 acquired Matrisk AI, a New York platform that converts unstructured regulatory filings from public sources into searchable market intelligence, and launched the capability as Akur8 Discover. That product lets insurers search and analyze property and casualty rate and rule filings with structured variables, tables, rules and source linked citations, benchmark rating strategies, track rate movements across states, perils and lines of business, and anticipate regulatory objections before filing. The acquisition materially changed the company's technical base by adding large language model and unstructured data processing expertise alongside its original transparent modeling approach. Chief executive is Samuel Falmagne.

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