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Automating insurance pricing is a big business, and the world of AI is coming at it “full pelt.” The latest is Akur8, an insurtech automating insurance platform whose “Transparent AI” product is trying to eat into the incumbent large business of Willis Towers Watson, among others. It’s now closed a Series B funding round of $30 million led by an undisclosed investor. This brings its total funding to $42 million. The round is to support international expansion.
Samuel Falmagne, co-founder and CEO of Akur8 commented: “We are happy to announce the closing of our Series B funding round and are grateful for the support we have seen from our investors. This latest milestone will enable us to accelerate the transformation of insurance pricing even further, fuel our international expansion in the U.S. and APAC, and equip P&C and health carriers with a state-of-the-art, integrated pricing solution that we have been building and refining tirelessly.”
https://techcrunch.com/2021/06/17/insurtech-ai-startup-akur8-closes-30m-series-b/
