Akur8’s core platform chosen by LWCC to advance predictive modelling

Akur8, an insurance pricing solution utilising transparent machine learning, has announced a new partnership with Louisiana Workers’ Compensation Corporation (LWCC).

As Louisiana’s leading workers’ compensation provider, LWCC is committed to excellence throughout the insurance process, from underwriting to long-term care for injured workers.

LWCC has chosen Akur8’s Core Platform to build its predictive modelling framework and enhance underwriting insights.

Samuel Falmagne, CEO, Akur8, said: “We are excited to collaborate with LWCC, a forward-thinking leader in workers’ compensation insurance.

“Our advanced AI-powered pricing solution will empower LWCC’s team to achieve unprecedented levels of efficiency and accuracy in their pricing processes, while aligning with their current growth initiatives and supporting their commitment to innovation and superior service.”

Akur8’s solution, designed specifically for insurers, improves pricing processes through its proprietary machine-learning technology.

Key benefits for the property and casualty insurance sector include faster model development, clear GLM outputs, and data-driven underwriting.

Brune de Linares, Chief Client Officer, Akur8, commented: “Our partnership with LWCC showcases the full potential of Akur8’s solution, highlighting our strong presence and growth in the US market as we support various insurance companies, including private and mutual carriers, across all lines of business such as workers’ compensation.”

LWCC is well-regarded for its financial strength, holding an “A” (Excellent) Financial Strength Rating from AM Best.

“We are thrilled to partner with Akur8. Their intuitive and transparent models will help us build predictive models more quickly and accurately. We see a lot of potential for this partnership to drive better pricing decisions and support our growth initiatives,” added Angela McGhee, Chief Actuary at LWCC.

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