In an effort to fortify their competitiveness in the market and offer superior value to policyholders, Freyou Insurance, a digital insurer from Germany, has joined forces with Akur8, an innovator in insurance pricing solutions. This collaboration aims to revolutionize the insurance industry by incorporating Akur8’s comprehensive platform into Freyou Insurance’s pricing workflow.
Freeway Insurance’s Perspective
René Jansen, Chief Insurance Officer at Freeyou Insurance, expressed enthusiasm about the partnership and the potential of Akur8’s pricing platform. He stated, “We are excited about the possibilities that Akur8’s pricing platform brings to our actuarial processes.” This indicates how Freeyou Insurance recognizes the value that Akur8’s innovative solution can bring to their operations.
Furthermore, Thomas Zehe, Chief of Staff and Actuarial Department at Freeyou Insurance, highlighted the efficiency of Akur8’s platform. He stated, “The insights generated based on our own data during the pilot project have convinced us of the high quality of the platform, and all that with a very low time investment.” Freeyou Insurance’s positive experience during the pilot project further reinforces their confidence in Akur8’s solution.
Akur8’s Perspective
Samuel Falmagne, CEO at Akur8, shared his excitement about collaborating with Freeyou Insurance, a company known for its customer-centric approach and transparent products. Falmagne noted, “We are honored to collaborate with Freeyou Insurance, a company known for its customer-centric approach and its transparent products.” This shows how Akur8 recognizes Freeyou Insurance’s commitment to customer satisfaction and aligns with their own values.
Julian Frank, Client Director DACH & CEE at Akur8, complimented Freeyou’s technical team, stating, “Throughout the pilot that we have run together, we were extremely impressed by the technical capabilities of the Freeyou Insurance pricing team.” This highlights the mutual respect and admiration between the two companies, setting a strong foundation for their partnership.
Partnership Details
Rooted in a shared vision to revolutionize the insurance industry, the partnership between Freeyou Insurance AG and Akur8 sees the incorporation of Akur8’s comprehensive platform, including RISK, DEMAND, and RATE modules, into Freeyou Insurance’s pricing workflow. By leveraging these modules, Freeyou Insurance aims to enhance its actuarial processes and pricing strategies.
Freeyou Insurance’s Approach
Since its inception, Freeyou Insurance has been focused on transforming insurance into a user-friendly experience, liberating customers from complex paperwork and jargon. By partnering with Akur8, they can further simplify their processes and eliminate unnecessary complexity, making insurance more accessible and transparent for their policyholders.
Akur8’s Platform Features
Akur8’s unique platform offers a seamless pricing process for insurers, featuring accelerated model building, transparent Generalized Linear Model (GLM) outputs, and data-driven underwriting. This enables insurers to streamline their pricing workflows, improve accuracy, and make data-backed underwriting decisions.
Shared Values and Commitment
Both Freeyou Insurance and Akur8 share a commitment to a data-driven approach, valuing transparency and ease of use. These shared values serve as the foundation for their collaboration and form the basis for their joint endeavours to revolutionize the insurance industry.
The partnership between Freeyou Insurance and Akur8 holds immense potential for transforming insurance pricing and enhancing the overall customer experience. Freeyou Insurance’s excitement about the possibilities of Akur8’s platform, coupled with Akur8’s admiration for Freeyou’s technical capabilities, demonstrates a strong alignment between the two companies. By incorporating Akur8’s comprehensive platform into their pricing workflow, Freeyou Insurance is poised to revolutionize the insurance industry and provide superior value to their policyholders. This collaboration represents a significant step forward in making insurance more user-friendly, transparent, and accessible to customers. With their shared commitment to data-driven decision-making, transparency, and ease of use, Freeyou Insurance and Akur8 are well-positioned to drive positive change in the insurance industry.