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Akur8, a machine learning-powered insurance pricing solution, has announced that NEXT Insurance, a leading digital insurtech company, has selected its Risk and Rate modeling solution to build a data-driven, high-performing and scalable predictive modeling framework for their insurance pricing process. Akur8’s solution enhances pricing processes by using proprietary machine-learning technology, providing insurers with accelerated model building, transparent GLM outputs, and data-driven underwriting. NEXT will leverage Akur8’s technology as the foundation for a scalable, transparent, and efficient pricing platform.
