Akur8 Groups up With Pet Well being Unicorn Purchased By Many / ManyPets | Your Cash

Akur8 Groups up With Pet Well being Unicorn Purchased By Many / ManyPets | Your Cash

PARIS & NEW YORK & LONDON–(BUSINESS WIRE)–Feb 15, 2022–

Akur8 is happy to announce the collaboration with pet well being and insurance coverage firm Purchased By Many to assist increase the insurtech’s pricing capabilities. By the partnership, Akur8 reinforces its presence within the UK, and additional expands its space of experience with a brand new line of enterprise: pet well being and insurance coverage.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/residence/20220215005001/en/

Particularly developed for insurers, Akur8’s resolution enhances pricing processes by automating threat modeling, utilizing Clear Synthetic Intelligence proprietary expertise. Core advantages for insurers embody elevated predictive efficiency and speed-to-accuracy for larger market reactivity and quick enterprise influence, whereas sustaining full transparency and management on the fashions created.

Since launching solely into pet insurance coverage within the UK in 2017, Purchased By Many has shortly develop into a fintech success story. The corporate expanded into the Swedish market in 2019 and earlier this 12 months crossed the Atlantic to launch a state-by-state roll out within the US, each below the ManyPets model. The group now insures half one million pets globally. In June 2021, the corporate gained unicorn standing after securing a valuation of over $2bn following a $350m Collection D funding spherical by means of its holding firm Many Group. The funding has helped help Purchased By Many’s world enlargement and drive product improvement past its market-leading insurance coverage provide.

Selecting Akur8’s best-in-class resolution aligns with Purchased By Many’s imaginative and prescient of constructing the world a greater place for pets and can present Purchased By Many with enhanced pricing capabilities, together with exceptionally quick and clear automated modelling.

“Purchased By Many is our first buyer specialised in pet insurance coverage, and we’re delighted to announce this collaboration! Akur8 is honoured to help Purchased By Many in its quick and spectacular world improvement. This new alliance displays Purchased By Many’s dedication to innovation in expertise and repair in addition to transparency”, mentioned Samuel Falmagne, CEO at Akur8.

“We’re thrilled so as to add pet insurance coverage as a brand new line of enterprise in our portfolio, and to strengthen our place within the UK insurance coverage market. As an exponentially rising insurer, Purchased By Many is a good reference and we’re proud to be working with them”, acknowledged Brune de Linares, Chief of Gross sales at Akur8.

“We’re persevering with to revolutionise how house owners entry pet well being providers, merchandise and recommendation. This implies enhancing all phases of the pet possession journey together with pricing. Working with Akur8 and a brand new pricing resolution will assist us additional enhance our time-to-market and to ship an much more excellent buyer expertise as we proceed to develop”, commented Charlotte Halkett, Chief Business Officer at Purchased By Many.

“We’re more than happy with Akur8’s efficiency. This resolution will permit us to enhance our modelling efficiency and to spice up our speed-to-market, which is essential to gas our formidable progress plans”, added Charlotte Ball, Pricing Lead at Purchased By Many.

About Akur8

Akur8 is revolutionizing insurance coverage pricing with clear AI. Akur8 developed a singular AI-based insurance coverage pricing resolution that automates modeling for insurance coverage corporations whereas conserving full transparency and management on the fashions created, as required by regulators worldwide. Akur8 is the one resolution available on the market reconciling Machine Studying and Actuarial worlds.

Meet Purchased By Many & ManyPets.

UK | SWEDEN | USA

We’re making the world a greater place for pets and their dad and mom with award-winning pet insurance coverage and entry to pet well being and wellness providers. We’re reaching pet dad and mom around the globe, and now take care of half one million pets globally. There’s a cause pet house owners voted us Pet Insurance coverage Supplier Of The Yr 2021. Really, there are just a few causes. We provide essentially the most complete pet insurance coverage coverage within the UK with as much as £15,000 of annual vet price cowl that resets yearly plus we embody cowl for dental sickness as commonplace. We assist pet dad and mom deal with all points of their pet’s well being – for happier, more healthy pets.

View supply model on businesswire.com:https://www.businesswire.com/information/residence/20220215005001/en/

CONTACT: MediaFor Akur8

Anne-Laure Klein

+33 (0)6 63 79 44 74

[email protected]

KEYWORD: NEW YORK SWEDEN UNITED STATES UNITED KINGDOM FRANCE NORTH AMERICA EUROPE

INDUSTRY KEYWORD: VETERINARY TECHNOLOGY INSURANCE OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE NETWORKS INTERNET HEALTH DATA MANAGEMENT

SOURCE: Akur8

Copyright Enterprise Wire 2022.

PUB: 02/15/2022 08:00 AM/DISC: 02/15/2022 08:02 AM

http://www.businesswire.com/information/residence/20220215005001/en


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