Europ taps Akur8 to bolster its pricing process

Europ Assistance Group has partnered with Akur8 to strengthen its pricing process for its travel insurance and car assistance programs.

Europ claims that it carries out over 11 million interventions each year to protect its hundreds of millions of policyholders around the world and has received awards in several countries for its excellent services.

Akur8 claims that by joining forces with one of the world’s leading assistance companies, it is extending its European footprint and developing its expertise in the pricing of various insurance products.

Akur8 CEO Samuel Falmagne said, “We are delighted to support Europ Assistance in enhancing the sophistication of its pricing process! Customer support is very important to us at Akur8, so we are particularly proud to collaborate with a reputable insurer that has received many awards for its reliability.”

Europ global pricing and underwriting director Oliver Danneaux added, “Akur8 is a great pricing tool! We liked the automation of repetitive tasks as well as the quick and easy learning curve of the user interface for all team members. We particularly appreciated working on our own data with the help of Akur8 during the pilot, and we look forward to working together in the future.”

Mutua Madrileña, a Spanish insurer specialising in non-life insurance, has chosen to implement modules by Akur8 to boost the predictive power of its pricing models.

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