Akur8 alternatives

3 tools to consider instead of Akur8, shown against it.

Akur8 Milliman Guidewire Predict Moody's RMS
Vendor Akur8 Milliman, Inc. Guidewire Software, Inc. Moody's Corporation
Pricing model Quote only Quote only Quote only Quote only
Free tier No No No No
Deployment Cloud Cloud, Self-hosted Cloud, Self-hosted Cloud
Open source No No No No
Best for Pricing and reserving actuaries who want faster, filing-ready model iteration without sacrificing transparency. Actuarial departments at insurers needing specialized reserving, pricing or capital-modeling software backed by consulting expertise. P&C insurers already on Guidewire's core systems who want predictive models embedded directly in underwriting and claims workflows. Insurers, reinsurers and ILS investors quantifying catastrophe and climate risk across a portfolio.
Pricing

Enterprise licensing by insurer and product line; not published.

Pricing has not been verified yet — see the vendor's site.

Software licensing typically bundled with actuarial consulting engagements; not published.

Pricing has not been verified yet — see the vendor's site.

Licensed as an add-on to Guidewire InsuranceSuite; pricing not published.

Pricing has not been verified yet — see the vendor's site.

Enterprise licensing by model peril, region and exposure volume; not published.

Pricing has not been verified yet — see the vendor's site.

Features
  • Automated, transparent GLM-equivalent rating model generation
  • P&C and health insurance pricing (Akur8 Pricing)
  • Reserve analysis for P&C insurers (Akur8 Reserving)
  • Actuarial modeling for life and pension products (Akur8 Life)
  • Regulator-ready, filing-compliant model documentation
  • Integration with existing rating engines and policy admin systems
  • Actuarial modeling for life and annuity products (MG-ALFA)
  • P&C loss reserving and claims triangulation (Arius)
  • Healthcare cost and utilization analytics (MedInsight)
  • Economic scenario generators for capital modeling
  • Regulatory and statutory reporting support
  • Actuarial consulting alongside software licensing
  • Predictive scoring embedded directly into claims and underwriting screens
  • Fraud and litigation-risk scoring for claims handling
  • Submission triage and risk-appetite scoring for underwriting
  • Pre-built and custom model deployment via Guidewire Cloud
  • Model performance monitoring dashboards
  • Data science workbench for actuaries and analysts
  • High-definition catastrophe models (hurricane, earthquake, flood, wildfire)
  • Climate change scenario and physical-risk analytics
  • Exposure management and portfolio risk aggregation
  • Casualty and cyber risk modeling modules
  • Intelligent Risk Platform for cloud-based model deployment
  • Event response services after major catastrophes

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