Akur8, the next-generation insurance pricing solution powered by transparent machine learning, is excited to announce its recent collaboration with Louisiana Workers’ Compensation Corporation (LWCC), Louisiana’s largest workers’ compensation carrier, dedicated to excellence in execution from underwriting to life-long care of an injured worker.
LWCC has selected Akur8’s Core Platform solution to develop their predictive modeling framework and drive highquality underwriting insights.
Developed explicitly for insurers, Akur8’s solution enhances pricing processes by using proprietary machine-learning technology. The core benefits for the P&C insurance marketplace include accelerated model building, transparent GLM outputs, and data-driven underwriting.
LWCC is recognized for its strong financial stability, maintaining an “A” (Excellent) Financial Strength Rating by A.M. Best Company and being named to the Ward’s 50® group of top-performing property-casualty insurance companies 19 times.
Management Comments
Samuel Falmagne, CEO at Akur8: “We are excited to collaborate with LWCC, a forward-thinking leader in workers’ compensation insurance. Our advanced AI-powered pricing solution will empower LWCC’s team to achieve unprecedented levels of efficiency and accuracy in their pricing processes, while aligning with their current growth initiatives and supporting their commitment to innovation and superior service.”
Brune de Linares, Chief Client Officer: “Our partnership with LWCC showcases the full potential of Akur8’s solution, highlighting our strong presence and growth in the US market as we support various insurance companies, including private and mutual carriers, across all lines of business such as workers’ compensation.”
Angela McGhee, Chief Actuary at LWCC: “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.”