AKUR8
Akur8 is transforming the non-life insurance industry with its innovative suite of pricing and reserving solutions. Our Next Gen Pricing and Reserving Platform combines cutting-edge technology with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes. Akur8 serves 300 customers across 40+ countries, including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.
AKUR8
Akur8 is transforming the non-life insurance industry with its innovative suite of pricing and reserving solutions. Our Next Gen Pricing and Reserving Platform combines cutting-edge technology with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes. Akur8 serves 300 customers across 40+ countries, including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.
TL;DR
What they do: Transparent ML pricing and reserving platform for non-life insurers
Founded: 2018
Scale: Serves ~300 insurers across 40+ countries; 200+ employees
Recent funding: $120M Series C (Sept 2024); total funding reported ~$180M
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Company Overview
Problem Domain
Insurance pricing and reserving for non-life insurance
Founded
2018
Industry
Insurance
Funding Track Record
€8M (~$8.9M)
$30M
Brought total funding to ~$42M
$25M
Brought total funding to $60M+ at the time
$120M
Reported total funding reached $180M
Investor Signal
“Guidewire has taken a strategic equity stake (strategic investor participation reported)”