Through the use of Akur8's cutting-edge AI technology, the partnership seeks to revolutionize insurance pricing procedures while improving Swedbank's accuracy, transparency, and efficiency as well as providing a better client experience.

With its unique transparent machine learning technology, Akur8's solution—which was created especially for insurance companies—allows pricing teams to increase the efficiency of their decision-making by automating risk modeling.


This innovation ensures complete transparency and control over the created models while providing insurers with increased prediction accuracy and faster speed-to-insight, enabling quick market responsiveness and instant financial gains.

Swedbank's Head of Underwriting, Juris Kipluks, spoke highly of Akur8's most recent offering. "We were impressed with the range of functionalities in the Akur8 suite during the onboarding," he stated. The platform will help us increase the effectiveness of our modeling process and is a fantastic fit with our development goal. We were particularly pleased by Akur8's lightning-fast user assistance, which enables us to focus on the business side, take on new initiatives, and access technical expertise beyond the platform—all of which enhance our market positioning and improve the services we provide to our clients.

The relationship is especially important in light of the continuous changes taking place in the insurance industry. Cutting-edge solutions, like the pricing platform from Akur8, are revolutionizing the industry as incumbents may increase their overall efficiency with the use of contemporary technologies.

"We're delighted to welcome a new client in the Baltics and to work alongside a carrier who shares our commitment to customer support," said Joanna Chardon, Chief Strategy and Product Officer at Akur8. The fact that we are still heavily investing in the creation of new features, as well as in the usability and live assistance provided by our global staff, makes this synergy all the more satisfying. Our support staff will be able to concentrate on handling high-value requests thanks to this alignment.

"We are happy to collaborate with Swedbank to continue working at the forefront of pricing sophistication, and we are proud to further strengthen our presence in the Baltics," said Julian Frank, Client Director at Akur8. We have worked extensively with Swedbank to make sure we comprehend their needs from a technical and business perspective, and we anticipate continuing to have successful working relationships with them.