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§ Private Profile · Paris, France
AI-powered actuarial software platform for insurance pricing and reserving, automating rate-making with transparent AI for P&C and health insurers.
Akur8 is a Paris-based software company that develops artificial intelligence-powered actuarial platforms for insurance pricing and reserving. Operating on a business-to-business software-as-a-service model, the firm serves more than 330 insurance customers across 40 countries and employs approximately 200 people globally. The company expanded its product suite beyond pricing through the recent acquisitions of the Arius reserving software business from Milliman and the cloud-native actuarial modeling platform Slope Software. Akur8 has raised over $186 million in total funding, including a $120 million Series C round led by One Peak, with additional backing from Guidewire Software and BlackFin Capital Partners. Its predictive analytics technology is utilized by major global insurance carriers such as AXA, Generali, and Munich Re to automate their rate-making processes while maintaining regulatory compliance. The enterprise was founded in 2018 by Samuel Falmagne and Guillaume Beraud.
Akur8 has raised $159.0M across 3 funding rounds.
Akur8 has raised $159.0M in total across 3 funding rounds.
Akur8 has raised $159.0M across 3 funding rounds. Most recently, it raised $120.0M Series C in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 16, 2024 | $120M Series C | ONE Peak | — | Announced |
| Jun 1, 2021 | $30M Series B | — | Anthemis Group, IA Capital Group, MTech Capital | Announced |
| Mar 1, 2020 | $9M Series A | MTech Capital, BlackFin Capital Partners | Anthemis Group, IA Capital Group | Announced |
Akur8 is a Paris-based insurtech SaaS company founded in 2018 (with some sources noting 2019) that builds a next-generation pricing and reserving platform powered by transparent machine learning and predictive analytics.[1][2][3][4] It serves non-life property & casualty (P&C) insurers, health insurers, managing general agents (MGAs), and insurtechs across personal and commercial lines, solving the core problem of slow, manual actuarial modeling by automating Generalized Linear Model (GLM) processes to deliver models 10x faster with higher predictive power, better transparency, and improved loss ratios.[1][2][3][4] The platform targets mature markets for rapid expansion, with over 250 clients across five continents, 43 nationalities in its team, and offices in Paris, London, New York, Tokyo, Atlanta, Montreal, and Milan; it demonstrated +100% YoY growth in 2022 despite economic headwinds, expanding to 80+ carriers by then and adding 40 new clients that year.[1][3][4][5]
Akur8 emerged from the need to bridge machine learning with traditional actuarial practices in insurance pricing, founded in July 2018 in Paris, France, by a team with strong tech and actuarial DNA—though specific founder names are not detailed in available sources.[3][4] The idea stemmed from automating slow, resource-intensive GLM modeling, which traditionally takes months; Akur8's R&D developed unique algorithms combining ML automation with actuarial transparency, enabling variable selection, geographic smoothing, and anomaly detection in hours.[1][3] Early traction built quickly: by 2022, it achieved record +100% growth, launched the RATE module for pricing, signed 40 new global clients, and expanded into APAC with a Tokyo office serving majors like AXA Tianping and MS&AD, while raising $8.9M and growing to ~24 employees (per older data).[3][4][5] Pivotal moments include diversifying across lines like auto, home, pet, travel, and health, proving resilience in a tough macro environment.[5]
Akur8 stands out in insurtech through its focus on transparent AI tailored for actuaries, avoiding black-box ML while delivering superior speed and performance:
Akur8 rides the insurtech AI wave, capitalizing on the insurance industry's digital transformation amid rising data volumes, regulatory demands for explainable AI, and competitive pressures for dynamic pricing in volatile markets like auto, home, and health.[1][2][3][4] Timing is ideal post-2022's economic resilience, as P&C carriers seek tools to counter inflation, claims surges, and market share battles—Akur8's transparent ML directly addresses GLM limitations while complying with actuarial standards, unlike opaque alternatives.[3][5] Market forces favoring it include SaaS adoption in mature regions (Europe, US, APAC), global expansion needs, and the shift from spreadsheets to stochastic reserving; it influences the ecosystem by empowering 250+ carriers/insurtechs to iterate faster, diversify lines, and boost profitability, setting a benchmark for AI-actuarial hybrids amid competitors like Earnix or Duck Creek.[2][5]
Akur8 is poised for accelerated global dominance in insurtech pricing, leveraging its 2022 momentum (+100% growth, 40 new clients) to scale via APAC hubs like Tokyo and new modules like RATE, while trends in explainable AI, real-time analytics, and climate-driven reserving risks amplify demand.[4][5] Expect deeper penetration in health/P&C, potential Series B funding beyond $8.9M, and ecosystem influence through partnerships with giants like AXA—challenges like talent scaling in 43-nationality teams will shape execution, but its actuary-trusted transparency positions it to transform insurance from reactive to predictive.[1][3][5] This fast-growing startup exemplifies how transparent ML unlocks insurtech's true potential, echoing its founding mission to redefine pricing speed and reliability.
Akur8 has raised $159.0M in total across 3 funding rounds.
Akur8's investors include One Peak, Anthemis Group, IA Capital Group, MTech Capital, BlackFin Capital Partners.