How will Matrisk’s AI Transform Akur8’s Insurance Pricing?

Insurance pricing looks set to experience a significant transformation following Akur8's strategic acquisition of Matrisk.

The move integrates an AI-driven platform – capable of converting unstructured regulatory filings into searchable market insights – directly into the Akur8 ecosystem.

The acquisition serves as the foundation for the launch of Akur8 Discover, a new module designed to give actuaries deeper visibility into market activity.

By incorporating these tools, Akur8 positions itself at the forefront of the digital shift toward data-driven decision-making in the insurance sector.

Digital strategy: Akur8’s technical boost 

The primary gain for Akur8 lies in the acquisition of deep expertise in unstructured data processing and large language model technology.

Matrisk has built a reputation for its ability to extract and structure insights from complex, publicly-available sources which are often difficult for insurers to operationalise.

This technical boost will allow Akur8 to strengthen its existing product suite by adding advanced AI features that move beyond standard predictive modelling.

Insurers will now be able to benchmark rating strategies and factor selections using real-world data derived from competitor filings.

Furthermore, the integration provides the ability to anticipate potential regulatory objections by analysing source-traceable insights from historical filings.

Samuel Falmagne, CEO of Akur8, comments: “Akur8 has always focused on helping insurers build better pricing models faster, with full transparency and control. Matrisk adds a critical new dimension to that mission. 

“By bringing powerful filings search and competitive intelligence into our platform, we can now offer insurers the ability to understand their market context and integrate this information with Akur8’s existing suite of tools for re-rating and rate selection, demand modelling, and financial forecasting. 

“This combination reinforces Akur8’s position as the actuarial platform of choice for insurers seeking to modernise pricing while staying aligned with regulatory expectations and competitive pressures. We are delighted to welcome Matrisk to Akur8 as we take this next step forward.”

Discovering AI: Digital development

The launch of Akur8 Discover marks a shift from providing a modelling tool to offering an end-to-end decision platform.

Through the new module, users can track market developments and rate evolution across specific states and territories in real time.

The platform aims to accelerate the filing cycle by pairing transparent model builds with immediate market intelligence. This is particularly relevant as the industry faces increasing pressure to respond quickly to economic shifts and emerging risks.

By providing a unified platform for pricing and filing strategy, Akur8 helps both insurers and regulators evaluate complex rate filings with greater clarity.

The move comes as the broader insurance industry rapidly adopts generative AI to streamline operations and enhance customer outcomes.

The integration of AI is no longer optional for firms looking to maintain a competitive edge in a volatile market. Automation is being used to tackle the tedious aspects of data ingestion which allows human experts to focus on higher-level strategy.

Akur8’s acquisition follows an industry-wide pattern: using AI to bridge the gap between vast quantities of data and actionable business intelligence. The combination looks set to reinforce its position as a preferred actuarial platform for those seeking to modernise while staying aligned with regulatory expectations.

Moreover, the founders of Matrisk asee the acquisition as a way to scale their technology to a global audience.

Sergey Filimonov, Co-Founder of Matrisk AI and now Head of Applied AI at Akur8, explains: “We started Matrisk because we believed AI could turn the most tedious parts of insurance market research into real leverage.”

“The industry depends on information that’s scattered, messy and hard to operationalise. We’ve grown faster than I ever imagined and the adoption we’ve seen clearly validates that need.

“With Akur8, we can scale this even further, meet users where they already build rates and help redefine the pricing engine from a modelling tool into an end-to-end decision platform that embeds regulatory and market context. 

“The shared goal is simple: deliver high‑impact AI capabilities that customers find indispensable.”