New York and Boca Raton – November 7, 2024

Akur8, the next generation insurance pricing and reserving solution powered by Transparent ML, is thrilled to announce its recent collaboration with Windward Risk Managers, the company that manages Florida Peninsula Insurance, Edison Insurance, and the newly formed Ovation Home Insurance Exchange. Windward has selected Akur8's Core Platform solution to enhance their predictive modeling framework, elevating pricing precision and efficiency across their personal lines of business.

Developed explicitly for insurers, Akur8’s pricing solution empowers pricing teams to make better decisions faster, by automating risk modeling using proprietary transparent machine learning technology. The core benefits for insurers include increased predictive performance and speed-to-accuracy for higher market reactivity and immediate business impact, while maintaining full transparency and control of the models created.

Recognized as a leading provider of homeowners, condo, and renters insurance, Windward is known for its financial strength and commitment to protecting Florida families. The company’s forward-thinking approach to risk management and pricing aligns perfectly with Akur8’s mission to transform insurance pricing.

“We are excited to partner with Windward Risk Managers, a leader in the Florida property insurance market. Our advanced pricing solution will enable their team to build predictive models more quickly and efficiently, while providing greater transparency and precision in their pricing decisions,” said Samuel Falmagne, CEO at Akur8.

Brune de Linares, Chief Client Officer at Akur8, agreed. “This collaboration showcases the power and flexibility of Akur8’s technology and reflects our continued expansion in the US market. We look forward to supporting Windward in enhancing their pricing strategy and maintaining their competitive edge.”

“We are thrilled to be partnering with Akur8 and are confident that their pricing solution will significantly enhance our ability to develop and maintain sophisticated pricing algorithms with a greater degree of speed and accuracy,” said Brent Petzoldt, Director of Actuarial and Data Science at Windward Risk Managers. “Akur8 is clearly committed to innovation and positive user experience, both of which bring significant value to our partnership. Their transparent and intuitive models will help us make smarter pricing decisions, strengthening our ability to protect Florida homes and families.”

About Akur8 

Akur8 is transforming the non-life insurance industry with its innovative suite of pricing and reserving solutions. Our Next Gen Pricing and Reserving Platform combines cutting-edge technology with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes.  Akur8 serves 250+ customers across 40+ countries, including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD. Over 3,000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.  

Akur8's recent acquisition of Arius expands its core capabilities, bringing the leading reserving solution in-house. Click here to learn more.

About Windward Risk Managers 

Headquartered in Boca Raton, Florida, Windward Risk Managers has helped each of its carriers maintain a Financial Stability Rating of A-Exceptional from Demotech by adhering to disciplined and conservative underwriting principles and conservative reinsurance protection, while offering policyholders an exceptional customer experience, competitive rates and customizable policy options.

Since 2005, the combined portfolio of Florida Peninsula, Edison, and Ovation Home Insurance Exchange has grown to be one of the largest in Florida with total written premiums exceeding $1.3B and over 300,000 policyholders.

Press Contacts 

Heide Sacher

Head of Marketing for US

Akur8

908-977-6526

heide.sacher@akur8.com