Aria Advisory Taps Akur8’s AI Reserving Platform to Modernize Canadian P&C Insurance Analysis

Akur8, the global actuarial AI platform, is proud to announce that Aria Advisory, an actuarial, risk, insurance, and analytics advisory firm serving the Canadian insurance industry, has selected Akur8’s reserving platform to support its reserving and Appointed Actuary services for Canadian property and casualty (P&C) insurers. This solution will give Aria Advisory and its clients faster reserve estimates, a complete audit trail behind every projection, and stochastic ranges alongside traditional deterministic methods.

Akur8 Reserving modernizes reserve analysis by bringing advanced stochastic modeling and robust deterministic solutions together in a unified platform, improving efficiency and reliability throughout. Aria Advisory will deploy Akur8 Reserving, including both the Arius Deterministic and Stochastic analysis solutions, together with Triangles on Demand for claims data preparation and triangle construction.

Founded and led by David Mamane, FCIA FCAS MAAA, Aria Advisory delivers actuarial and insurance advisory expertise to the Canadian P&C market. Its practice covers property & casualty actuarial, insurance management, and enterprise risk management advisory services.

"Aria Advisory serves primarily Canadian P&C insurance companies and holds Appointed Actuary positions for many of them. As such, it is crucial to rely on a proven solution with a track record of excellence and innovation. This, together with strong relationships that we have built over the years, is why we chose to partner with Akur8." said David Mamane, Actuary, Founder & CEO, Aria Advisory.

"Aria Advisory brings care and judgment to every client relationship. David and his team take the time to understand each organization, work closely with its people, and stand behind the analysis they deliver. Akur8 is proud to be their partner as they grow this practice in Canada. Together, we can help actuaries spend less time managing the mechanics of reserving and more time advising the people who rely on their expertise." said Sam Falmagne, CEO and Co-Founder, Akur8.

Akur8’s Global Actuarial AI Platform is transforming the insurance industry with an innovative suite of actuarial solutions. Built on cutting-edge technology, actuarial excellence, and superior client service, Akur8 delivers speed, performance, transparency, and reliability for insurers of all sizes across Property and Casualty (P&C) and Life and Annuity (L&A) markets. Akur8 serves 350+ customers across 40+ countries, including global carriers AXA, Generali, Munich Re, Europ Assistance, Tokio Marine and MS&AD; personal and commercial P&C insurers Wawanesa, SGI Canada, Facility Group, TMNAS, FCCI, NEXT, HDVI and specialty insurer Canopius. Over 3,000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.