HDI Seguros has signed an agreement with Akur8 to enhance HDI’s pricing process in Chile.
The collaboration reinforces the presence of Akur8 in Latin America and marks its entry into the Chilean insurance market.
Through Transparent Artificial Intelligence Technology, the cloud-based solution developed by Akur8 boosts insurance companies’ pricing capabilities by automating risk modelling.
Thus, insurers will obtain major benefits including improved predictive performance and speed-to-accuracy for greater market responsiveness and immediate business impact, while maintaining full transparency and control over the models created.
Felipe Feres, General Manager, HDI Seguros in Chile, said: “The alliance with Akur8 is another proof point of our tech and digital DNA. Embracing best-in-class technology to ensure faster, more accurate and fully transparent rate making is a key differentiator and we are excited to lead the way.”
The company is part of the global multi-brand Talanx Group, active in financial and insurance services in more than 150 countries and a pioneer in the insurance business in Chile, known and recognized for its quality of service and innovative products leveraging new technologies.
HDI Seguros will leverage Akur8’s Risk and Demand modules for its P&C personal and commercial lines. With Akur8, HDI Seguros will enhance its modeling accuracy and further accelerate its market responsiveness, leading the way in terms of best-in-class pricing in the insurance space.
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