RSM Revolutionizes Insurance Pricing with AI Solutions through Strategic Relationship with Akur8

CHICAGO – (October 10, 2024) – RSM US LLP – the leading provider of assurance, tax and consulting services for the middle market – is pleased to announce a strategic agreement with Akur8, a provider of AI-driven insurance pricing and reserving solutions. The collaboration marks continued advancement in RSM’s commitment to enhancing the growth and profitability of insurance companies using innovative technology and advanced analytics.

As part of this arrangement, RSM will leverage Akur8’s pricing platform to provide enhanced actuarial services to RSM clients in the insurance sector. Akur8’s solution, recognized for its transparency, speed and efficiency, empowers actuaries and pricing teams to build, update and refine pricing models with unprecedented accuracy and agility.

“This collaboration with Akur8 marks another step in RSM’s commitment to advancing digital transformation and delivering cutting-edge solutions to clients across the industries we serve,” said David Mamane, partner and actuarial leader with RSM Canada. “We are excited to work with Akur8 as their innovative platform will be transformative for our clients, helping them remain competitive in a rapidly evolving market.”

Akur8’s CEO, Samuel Falmagne, added, "This arrangement with RSM is a significant milestone for Akur8 as we continue to expand our presence in Canada and North America. We’re excited to bring our AI-powered pricing and reserving solutions to a broader market, helping insurers enhance their accuracy, speed, and transparency. With our recent acquisition of Arius, we’re better positioned than ever to offer a full suite of advanced capabilities that will revolutionize how insurance companies approach pricing and reserving."

The collaboration between RSM and Akur8 brings significant benefits to insurance companies, including:

• Enhanced pricing precision: Leveraging AI-driven insights to improve pricing accuracy and reduce time-to-market.
• Increased operational efficiency: Streamlining the pricing model development process, allowing actuaries to focus on strategic tasks.
• Greater transparency: Ensuring that pricing models are fully explainable, meeting regulatory standards and enhancing stakeholder confidence.

RSM’s arrangement with Akur8 demonstrates RSM’s continued dedication to redefining innovation through seamless, data-driven, scalable digital solutions and experiences for their clients, people and firm.  

To learn more about how RSM provides innovative solutions to help middle market companies gain a competitive advantage, visit the firm’s website.

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, Promutuel, SGI, ICPEI and Tokio Marine. Over 3000 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.