Akur8 Partners with Verisk to Streamline ISO Electronic Rating Content for Insurers

Quick Summary

Akur8 has joined the Verisk Strategic Alliance to integrate ISO Electronic Rating Content into its Deploy platform. This partnership allows insurers to automate ISO rating content updates, significantly reducing manual errors and accelerating time-to-market for new insurance products across global P&C and L&A markets.

How Does Akur8 Simplify ISO Rating Content Integration?

Akur8 solves the complex challenge of managing ISO rating content by providing a direct bridge between Verisk’s standardized data and modern actuarial workflows. By joining the Verisk Strategic Alliance, Akur8 enables insurers to import advisory loss costs, rules, and forms directly into the Akur8 Deploy engine. This integration eliminates the need for manual data entry, which is often the primary cause of implementation delays and rating inaccuracies.

• Automated data ingestion of ISO ERC updates.
• Seamless rating deployment via the Akur8 Deploy environment.
• Consistent rule application across various insurance forms and jurisdictions.

The collaboration ensures that actuarial AI platforms can leverage trusted industry data without the friction of legacy system constraints. This allows teams to focus on sophisticated rating structures rather than administrative maintenance.

What Benefits Does This Partnership Offer Insurers?

Insurers utilizing ISO rating content can now achieve a faster go-to-market timeline for rate changes and new product launches. By connecting licensed content with a modern deployment environment, the partnership reduces the operational burden on IT and actuarial teams. This shift from manual to automated rating workflows creates a more maintainable and scalable infrastructure for global carriers.

• Reduced implementation risk through validated Verisk data.
• Improved governance over rating-related content and rules.
• Enhanced operational efficiency by removing cross-team silos.

“Modernizing rating is not just a technology upgrade; it is an operating model shift. At Verisk, we offer a comprehensive suite of rating solutions to support insurers at every stage of the rating lifecycle, including ISO ERC for implementation validation and quality assurance. Backed by Verisk’s trusted insurance data, industry expertise, and decades of experience supporting insurers, we are committed to helping solution providers and insurers more effectively implement ISO content within modern rating environments, enabling organizations to improve governance, reduce implementation risk, accelerate time to market and adapt more efficiently to change.” said Troy Smith, Vice President, Rating Solutions at Verisk.

How Does This Move Support Modern Rating Operations?

The integration reflects a broader industry trend toward modern rating operations that prioritize transparency and speed. Akur8’s platform, which already serves over 350 customers globally, now provides a more robust foundation for insurers relying on ISO-based rating. By establishing this operational framework, Akur8 and Verisk are helping carriers reduce system complexity and adapt more efficiently to market shifts.

“This collaboration with Verisk reflects our commitment to providing insurers with the infrastructure they need for modern ISO-based rating operations. By joining the Verisk Strategic Alliance partner network, Akur8 strengthens its ability to support insurers that rely on licensed ISO ERC content as part of their broader rating operations.” said Samuel Falmagne, CEO at Akur8.

FF NEWS TAKE:

This partnership between Akur8 and Verisk definitely moves the needle for the insurtech sector. By integrating ISO rating content directly into an AI-driven actuarial platform, they are removing one of the biggest bottlenecks in the P&C industry: the manual implementation of regulatory and advisory data. For insurers, this isn't just a minor update; it's a critical step toward fully automated pricing and deployment cycles that can keep pace with a volatile market.