Akur8, SAS

Akur8, based in France, delivers advanced software solutions for insurance pricing and reserving, enhancing efficiency and accuracy through innovative technology. Founded in 2018 by Guillaume Beraud-Sudreau and Samuel Falmagne, Akur8 SAS specializes in providing a pricing and reserving platform for the insurance industry. The company is headquartered in Paris, France, and has engaged in five notable funding deals. Most recently, on September 16, 2024, Akur8 raised EUR 107.

8 million in a Series C round, led by One Peak, with participation from Partners Group and Guidewire Software, Inc. Akur8 offers a next-generation pricing and reserving platform designed to enhance the efficiency and accuracy of insurance pricing and reserving processes. The core offerings include Akur8 Pricing and Akur8 Reserving, which utilize Transparent Machine Learning and Predictive Analytics to streamline operations. These products allow insurers to upload and prepare data, assess demand and price sensitivity, and automate their reserving processes with advanced modeling techniques.

Akur8 serves over 300 clients across various non-life insurance lines, including personal and commercial property and casualty insurance. Its geographical market reach spans multiple countries, including significant operations in North America, Europe, and Asia, catering to insurers looking to modernize their approaches to pricing and reserving. Akur8’s revenue model primarily revolves around subscription-based services for its pricing and reserving solutions. Clients engage with Akur8 through annual or multi-year contracts that provide access to the platform’s capabilities, including advanced stochastic modeling and robust deterministic solutions.

The pricing structure is designed to accommodate various client needs, ensuring flexibility in service tiers based on the complexity and volume of data handled. Transactions typically occur in a B2B format, where insurers leverage Akur8's technology to enhance their internal processes, resulting in improved operational efficiency and faster time-to-market for new products. Akur8's flagship offerings contribute to a comprehensive solution set that enhances both pricing precision and reserving reliability. In September 2024, Akur8 SAS raised EUR 107.

8 million in Series C funding led by One Peak, with participation from Partners Group and returning investor Guidewire Software, Inc. The company will utilize this funding to invest in R&D to enhance its insurance pricing platform, accelerate its international market expansion, and further leverage its recent acquisition of Arius to drive growth. Akur8 aims to launch new product features and enhancements in the coming year, while also targeting expansion into additional strategic markets across Europe and Asia.