Oct 31, 2025

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, announced recently that Branch, an insurance company that uses data, tech, and automation to make bundling home and auto insurance easier, implemented its pricing solution to bring speed, consistency, and transparency to actuarial workflows. Branch was established with the stated aim to harness tech, data, as well as community to make insurance more accessible. Now, by adopting Akur8’s AI -powered platform, Branch benefits from automated feature engineering, model development with “clear metrics, dynamic tools to explore variable interactions, and advanced geomodeling to visualize and smooth territory risks.” Together, these capabilities boost model performance, enhance pricing precision, and improve Branch’s commitment to enabling fairer, more competitive rates to members. By adopting Akur8’s pricing solutions, Branch benefits from a modern actuarial ecosystem that “enhances reliability and streamlines the entire pricing process.” The workflow improves time to market by getting rid of IT bottlenecks, while enabling the “development of stronger, more competitive, and accurate models.” As mentioned in the announcement, Akur8 says that it is transforming the non-life insurance industry with its “suite of pricing and reserving solutions.” Their Pricing and Reserving Platform combines technology with actuarial excellence to drive business value, “bringing speed, performance, transparency, and reliability to insurers of all sizes.” Akur8 serves 300 customers across different countries, “including P&C global carriers AXA, Generali, Munich Re, Europ Assistance, Tokio Marine and MS&AD; commercial P&C insurers TMNAS, FCCI, NEXT, HDVI and Canal; personal and commercial P&C insurers Cypress, Madison Mutual, Western Reserve Group and Georgia Farm Bureau; and specialty P&C insurers Canopius and Bass Underwriters.” As explained in the update, Branch is now home and auto insurance that’s simple to “buy and built for savings.” Via its instant-bind capability, Branch removes all of the friction associated with “getting covered, helping consumers bundle their home and auto insurance.” Built as a type of reciprocal exchange, the Branch Insurance Exchange taps into the power of community in order to “make insurance more accessible and affordable for everyone.” Branch is a Public Benefit Corporation and Certified B Corporation that is now said to be committed to meeting the applicable standards of “social and environmental performance, and accountability.” Sponsored Links by DQ Promote