AI-driven pricing insurance company, Akur8 and leading global insurance organization, MS&AD Insurance Group, have announced a new strategic partnership to foster further innovation.
With the announcement of this deal, Akur8 continues to expand in Asia and beyond, hand-in-hand with a leading global insurer.
In a press release, it notes that the partnership has started with Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group, which comprises five major insurers and benefits from over a hundred years of experience in the insurance industry.
In addition, MS&AD Insurance Group covers 50 countries and jurisdictions worldwide, and is the largest insurer in terms of non-life insurance premiums in the ASEAN region.
MS&AD Insurance Group, over the years, has formed alliances with many partners, and this strong partnership with Akur8 shows its commitment to innovation, collaboration and integrity.
Moreover, Akur8 recently announced that it had partnered with Duck Creek Technologies, to offer P&C insurance carriers a fully integrated SaaS platform.
Samuel Falmagne, CEO at Akur8, commented: “Akur8 is delighted to announce this partnership with MS&AD Insurance Group! We are proud to support such a top-tier insurer. This is definitely a key milestone for Akur8’s growth in Asia-Pacific as well as an important step for our global development.”
FUJIOKA Takeshi, Section Manager of International IT Planning Section in MSI’s IT Planning department, added: “We foster innovation through various initiatives, and value integrity and fairness: Akur8’s transparent solution is perfectly aligned with these core principles. Akur8 will provide us great potentialities to be able to become the company and the group which sustainably have capabilities to develop various products and services for realization of a safe and secure society.”
SUZUKI Tomohiro, Manager of Innovation Section in MS&AD Insurance Group Holdings’ Digital Innovation department, said: “We highly appreciate Akur8’s great capability: quick and high degree of control over the models, and the no-code and friendly user interface. We also aim to expand the potential business partnership with Akur8 to the other Japanese Domestic Insurance business like Aioi Nissay Dowa Insurance Co., Ltd. as well as the overseas network covering to strengthen the group synergies.”
