Akur8 said on 23 January 2024 that MAPFRE Spain had selected its RISK and RATE modules so actuarial teams could build explainable pricing models and a predictive modelling framework, with a stated focus on the auto line of business. The company cited S&P Global Ratings rankings placing MAPFRE as the ninth-largest insurer in Europe and seventeenth globally as context for the win.
Chief executive Samuel Falmagne said the selection reinforced Akur8’s position with major Spanish non-life carriers. Joanna Chardon, then chief strategy and product officer, said the platform was intended to help MAPFRE’s actuarial team manage large datasets with transparency while addressing business challenges at the intersection of data science and actuarial work.
Commercial terms were not disclosed. Scale figures for Akur8’s wider customer base mentioned elsewhere in the release are company-stated.