20th November, Paris, London: hyperexponential and Akur8 announce a new partnership that will integrate their complementary pricing decision intelligence (PDI) capabilities to offer insurers an automated, data-driven system for accurately pricing commercial and specialty insurance products.
The partnership enables insurers to seamlessly integrate rating factors calibrated in Akur8 into pricing models built in hx Renew where the rating factor is adjusted based on additional data and underwriter insights. The pricing decision data can then be pulled from hx Renew, integrated with claims data, and sent back to Akur8 to continuously re-calibrate the rating factor. With a strong data pipeline from hx Renew and other...
