Boost underwriting performance without rate changes

In regulated markets, underwriting teams face mounting pressure to improve performance within pricing constraints, which in the US vary from state to state. With limited flexibility to adjust rates, insurers must rely on deeper analytical insights and more transparent underwriting practices to drive results and remain compliant.

Typical challenges

Uncertainty

When performance declines, it can be difficult to untangle the deep statistical associations of all the variables and segments driving the issue.

Decision-making

Choosing the right underwriting response to poor performance is difficult without clear visibility into the trade-offs between different strategies.

Miscommunication

Translating technical model changes into clear, actionable insights is difficult - especially when business stakeholders need quick understanding to support underwriting or pricing decisions.

How Akur8 can help underwriters improve their performance

Identify and act on key underwriting drivers

Use transparent machine learning and credibility-based modeling to detect the most meaningful deviations between observed and expected performance. Combine this with actuarial judgment to refine underwriting actions, ensuring data-backed decisions that meet regulatory expectations.

1

Compare strategies to guide underwriting actions

Build transparent underwriting models and simulate their impact across multiple scenarios. Use KPI-based comparisons to confidently select the most effective strategy while maintaining compliance and interpretability.

2

Visualize impact for faster alignment

Use Dislocation Analysis and interactive visualizations to pinpoint which segments are most affected by pricing changes. Quickly communicate those impacts to align the teams around the right strategy.

3

“Akur8’s insurance pricing solution will enable TMNAS to quickly build intuitive and easily explainable predictive models across all products, providing new insights for underwriters. As a shared services company, it is key for us to be able to translate predictive information into useful measures for our clients. Akur8 will help us fill a missing component to complete the framework for transparent, and data-driven decision-making.”
John Ferraro, SVP & Pricing Actuary at TMNAS
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