Together, Akur8 and Quincy Mutual Group are revolutionizing the way insurance is priced.
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Through this strategic partnership, the actuarial team at Quincy Mutual will be better equipped to build thorough models quickly, incorporate model testing into their pricing procedures, and improve rate evaluations.
This collaboration, which takes a more data-driven approach, is expected to provide internal stakeholders with important insights and significantly increase Akur8’s market share in the mutual insurance sector in the United States.
Quincy Mutual was established in 1851 and is dedicated to offering top-notch goods and services. With an A+ rating from A.M. Best, it has upheld its distinguished reputation for over six decades.
The company focuses on innovation and customer service while providing a wide range of personal and commercial insurance products.
Both businesses are excited about this partnership’s potential. The objective is to establish a strong partnership that will support Akur8’s efforts to expand in the United States and improve Quincy Metal’s service portfolio.
“The Akur8 team is thrilled to partner with Quincy Mutual Group and provide our Core Platform solution to empower their pricing team,” stated Samuel Falmagne, CEO of Akur8.
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Akur8’s continued expansion in the US mutual insurance market is indicated by its partnership with Quincy, a well-known and established mutual insurance provider.
“Our partnership with Quincy Mutual is a testament to the strength of Akur8’s solution for U.S. insurance companies of all sizes acrossall lines of business,”
continued Brune de Linares, Chief Client Officer at Akur8. We can’t wait to establish a solid alliance with Quincy Mutual as a component of our continuous US expansion initiatives.
Chief Actuary at Quincy Mutual Todd Lehmann stated, “We can benefit from working with Akur8 and using their Core Platform. Our pricing team’s previous rate review procedure has been transformed into a more data-driven one, speeding up our time to market and simplifying difficult ratemaking and modeling tasks. All thanks to this.
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