Akur8 Expands Core Capabilities with Strategic Acquisition of Arius® Reserving Solution


PARIS, NEW YORK and ATLANTA, Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its acquisition of Arius®, an award-winning PandC reserving software for insurers and reinsurers, known for its innovative tools and methodologies that help insurers manage risk and improve financial performance. Boasting a robust U.S. presence and a reputation for excellence, Arius’s portfolio includes 150 insurance and consulting clients and over 1,500 users. More than one third of these clients are top-tier carriers in the U.S. and Canada, reflecting its strong foothold in the Tier 1 and Tier 2 market segments. As a trusted partner for insurers, Arius® offers comprehensive reserving capabilities that set industry standards.

Acquired from Milliman, Inc., a premier global provider of actuarial, risk management, and technology solutions, the addition of Arius® expands Akur8’s product portfolio and introduces an innovative actuarial platform that significantly am
plifies the value delivered to insurance carriers worldwide. With the combined strength of Akur8 Pricing and Akur8 Reserving, non-life insurance companies can drastically improve the speed, accuracy, and reliability of their core actuarial processes, through a comprehensive suite of tools designed to fully support actuaries and underwriters.

Source: BERNAMA News Agency

  • malaysiang

    Related Posts

    PNP: ‘Angels of Death’ threatening Quiboloy’s victims

    MANILA – Kingdom of Jesus Christ (KOJC) founder Apollo Quiboloy has a private army dubbed “Angels of Death” who allegedly goes after those who reveal acts of his sexual abuse of members’ children, the Philippine National Police (PNP) said Thursday.

    DA sets distribution of P24-M worth of agri supplies, equipment

    BAGUIO CITY – More than 3,500 farmers from the six provinces of the Cordillera Administrative Region (CAR) will benefit from the Department of Agriculture’s (DA) farm assistance aimed to ensure food sustainability.

    Aida Pagtan, DA-CAR’s Regional Agr…