Akur8
AI-native actuarial pricing and reserving platform. Machine-learning models automate the GLM pipeline actuaries used to build in SAS or R, with interpretability and regulatory-filing outputs shipped in the product. $120M Series C at a $400M valuation in September 2024.
www.akur8.com ↗Score
- Traction (named carrier deployments)4 carrier deployment(s) with public source.
- 2/5
- Maturity (years since founding)8 years since founding (2018).
- 3/5
- Coverage (insurance lines supported)5 line(s) supported: auto, home, commercial, life, health.
- 4/5
- Analyst recognition (Celent / Gartner / Forrester / Everest / ISG)2 mention(s).
- 2/5
What it does
Akur8 is an AI-native actuarial platform headquartered in Paris, founded 2018 after four years of R&D. Offices in London, Madrid, Milan, New York, Atlanta, Montreal, and Tokyo reflect the company's bet that the rating-and-pricing layer is a global category rather than a regional one.
Funding. Approximately $180M raised cumulatively. The September 2024 Series C of $120M was led by One Peak with Partners Group, and — structurally interesting — participation from Guidewire Software (NYSE: GWRE). Guidewire invested from the incumbent modern rung into its AI-native successor; the two companies are now strategic partners at the boundary between the PAS and the rating engine. The round valued Akur8 at $400M.
Recent expansion. In 2024 Akur8 acquired the Arius reserving platform from Milliman, extending the product from pricing into reserving. Pricing and reserving are adjacent actuarial workflows that carriers historically bought from different vendors; the acquisition signals an ambition to own the full actuarial surface.
Where it sits in old → new → AI. The legacy rung is actuarial notebooks in SAS and R. Earnix defined the modern rung with a real-time pricing engine deployed alongside the PAS. Akur8 is the AI-native rung, automating the model-building loop itself. The Guidewire strategic investment is the clearest market signal that the three rungs are understood by the incumbent.