LWCC taps Akur8 to build predictive modelling framework [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Yahoo! Finance
partnered with insurtech company Akur8 to enhance its predictive modelling capabilities. The collaboration will leverage Akur8's ML-driven insurance pricing solution to offer “high-quality” underwriting insights for LWCC. Founded in 1991 and based in Baton Rouge, LWCC is a private, non-profit mutual insurance company. It insures 20,000 policyholders within Louisiana annually. The company has chosen Akur8's Core Platform solution to refine its predictive modelling framework, which is integral to its underwriting process. LWCC chief actuary Angela McGhee stated: "We are thrilled to partner with Akur8. Their intuitive and transparent models will help us build predictive models more quickly and accurately. We see a lot of potential for this partnership to drive better pricing decisions and support our growth initiatives." Akur8's solution is designed specifically for insurers and promises to improve pricing processes through its proprietary ML technology. The core advantages f
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