Akur8 acquires Arius from Milliman to enhance its actuarial capabilities
Summary
The acquisition marks a significant expansion for Akur8 as it aims to enhance its actuarial capabilities and offer a comprehensive platform for insurance carriers worldwide. However, Akur8 highlighted that this acquisition will broaden its product portfolio by integrating Arius’s reserving software, thus strengthening its foothold in the global insurance technology market. In a statement about the acquisition, Akur8 CEO Samuel Falmagne said, “The insurance industry faces increasingly complex challenges, necessitating advanced solutions. Actuaries and insurance professionals must navigate changing regulatory environments and ensure accurate reserving while managing risk and maintaining profitability. Together, we can drive significant advancements in the actuarial field and better meet the evolving needs of insurers worldwide.” Charles Hoffman, Principal & Director of Software Development at Arius, said, “Joining forces with Akur8 enables Arius to benefit from their SaaS and AI expertise, accelerating our product development and driving greater innovation for our clients.
Classifications
AskAI Classifications
LabelsLinked Companies
