Akur8 Expands Core Capabilities with Strategic Acquisition of Arius® Reserving Solution [Financial Post (Toronto, Ontario, Canada)]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Financial Post
Bringing the Best Reserving Solution In-House for Unmatched Innovation PARIS, NEW YORK and ATLANTA, Sept. 09, 2024 (GLOBE NEWSWIRE) — Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its acquisition of Arius ® , an award-winning P&C reserving software for insurers and reinsurers, known for its innovative tools and methodologies that help insurers manage risk and improve financial performance. Boasting a robust U.S. presence and a reputation for excellence, Arius's portfolio includes 150 insurance and consulting clients and over 1,500 users. More than one third of these clients are top-tier carriers in the U.S. and Canada, reflecting its strong foothold in the Tier 1 and Tier 2 market segments. As a trusted partner for insurers, Arius® offers comprehensive reserving capabilities that set industry standards. Acquired from Milliman, Inc., a premier global provider of actuarial, risk management, and technology so
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