Akur8 has been chosen by MAPFRE, a Spanish insurer, to enhance its pricing capabilities. The collaboration will provide MAPFRE’s actuarial team with advanced pricing modules, allowing them to focus on in-depth analysis and understanding results. Akur8’s transparent machine learning technology automates risk modelling, enabling insurers to make faster, more accurate decisions. The strategic choice by MAPFRE will enable it to build powerful, explainable pricing models and establish a robust predictive modelling framework. Akur8 solidifies its presence in the Spanish market, further demonstrating its position as the preferred choice for major non-life insurance players.
Akur8 boosts pricing abilities as MAPFRE’s chosen insurer solution.
Latest from Blog
Aussie Fintech Simplifying Money Transfers to the Philippines
TLDR: Australian fintech company Stables has launched international remittance services between Australia and the Philippines. This service will allow users in over 130 countries to send Australian Dollars or Philippine Pesos to
Gen Z workers prefer DailyPay for on-demand pay options.
TLDR: Gen Z hourly workers prefer on-demand pay options for financial security. Most Gen Z workers like their job, with financial security being a top motivator. Article Summary: Gen Z hourly workers,
Breaking news: Chime prepping for possible 2025 IPO in Fintech Nexus.
Summary of Fintech Nexus Newsletter (March 25, 2024) TLDR: Chime, the largest consumer-facing fintech in the country, is planning a potential IPO in 2025. Chime has more primary accounts than Chase, with
Visa Africa Fintech Accelerator supports $1bln investment in Africa by 2027.
TLDR: Visa Africa Fintech Accelerator program aligns with Visa’s $1 billion investment pledge in Africa by 2027. The program supports fintech startups in Africa through mentorship, training, and networking opportunities. The Visa
MTN’s fintech transactions hit 17.6 billion in Nigeria by 2023.
TLDR: Key Points: MTN’s fintech transaction volume in Nigeria increased to 17.6 billion in 2023. MTN reported a resilient performance in 2023 despite profit loss in Nigeria. Despite a major profit loss