WATERFORD, Ireland, Sept. 10, 2024 (GLOBE NEWSWIRE) — With cybercrime running rampant and data breaches on the rise, trusted online casinos globally are arming themselves with the latest military-grade encryption technologies to outsmart even the most sophisticated cyber thugs.
Minimum Deposit Casinos (MDC) – a leading global casino resource portal – said data breaches were becoming more common and costly as resourceful criminals lurk everywhere on the internet. For the gambling industry, data encryption goes beyond protecting financial transactions: it’s about securing every interaction – from logins to game history. Every piece of player information is encrypted, making it virtually impossible for unauthorized parties to access.
“Regulated and reputable online casinos cannot afford to gamble on security. Player safety and protection is a non-negotiable. That’s why they are investing heavily in multi-layered next gen encryption – the same technology used by governments and global financial institutions – to become impenetrable to digital threats,” said Miranda Raaff, Head of iGaming Information at MDC.
“This level of high-tech security means that even in the event of a possible data breach, encrypted information remains unreadable and useless to cybercriminals. The integration of state-of-the-art firewalls, end-to-end encryption, and real-time monitoring systems means online casinos are safeguarding every transaction from deposits to withdrawals, as well as securing every player interaction in transit.”
The urgency of this move has never been more critical. With high-profile breaches like those at energy giant Halliburton, data broker company National Public Data (NPD), and auto giant Toyota – billions of individuals’ sensitive information could be exposed.
“The stakes have never been higher. The mission of regulated online casinos is to outsmart cyber hooligans at every turn and that’s why they are constantly adapting their defenses to combat new threats in the fast-changing cyber world. Player trust is the cornerstone of their success, so they are doing everything in their power to protect it,” concluded Raaff.
About Minimum Deposit Casinos
Minimum Deposit Casinos, a division of the OneTwenty Group, is a global iGaming resource portal that reviews and recommends the most trusted and reliable online casinos to players. MDC analyses every aspect of online casinos from checking gaming license details, to security, responsible gambling tools, and fair gaming practices, before recommending them to players.
VICTORIA, Seychelles, Sept. 10, 2024 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has launched the third season of its popular trading competition called TraderPro program. After two successful seasons, TraderPro has established itself as a premier trading platform, consistently engaging users and receiving widespread positive feedback. Bitget TraderPro is a trading challenge designed to offer both learning and real-world trading opportunities.
Bitget TraderPro Season 3 Features Demo to Live Trading With up to $10,000 Funding Support Per User
Participants begin by trading with a demo account, which allows them to experiment and practice without any financial risk. Once they reach specific milestones, they graduate to live trading, where Bitget provides funding support for the chance to enjoy the thrill of making real profits. It’s an ideal combination of learning and competition as traders are given the chance to refine their strategies and aim for top rewards.
After completing the demo challenge, participants advance to live trading with Bitget’s 1:1 funding support. Qualified traders can create sub-accounts for elite trading and become TraderPro elite traders. Bitget will match their investment (from 1000 to 5000 USDT), enabling them to take larger positions on all trading pairs. With this support, traders can aim for higher profits while minimizing personal risk. Maximum leverage remains capped at 20X in Phase 2.
The theme for this season, TraderPro has set up “New Funding Power-Up to $10,000 & MEME Coin Challenge,” helping crypto users practice trading and be incentivized for their efforts. The competition phase will run for around thirty days from 9th September to October, 2024, with ambitious targets set to drive user participation and engagement. Through the program, it aims to convert 500 participants into Bitget elite traders, further strengthening its VIP trading community.
To ensure transparency and build trust, Bitget will provide daily trading performance reports, offering real-time updates on the competition’s progress and outcomes. This feature is aimed at keeping participants informed and engaged throughout the event.
Building on the success of previous seasons, which saw a 107% increase in participants and a 73% rise in referrals from Season 1 to Season 2, Bitget is committed to further elevating TraderPro’s status within the trading community. The introduction of comprehensive promotional strategies, including collaborations with key opinion leaders (KOLs) and community engagement plans, shows Bitget’s dedication to maintaining its position as a leader in the industry.
In conclusion, TraderPro Season 3 is set to be an exciting and rewarding experience for both novice and experienced traders. With the potential to win up to $10,000 in funding rewards, participants are encouraged to register early and take full advantage of the program’s offerings.
For more information on TraderPro, please visit here.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.
Our new brand promise underscores our dedication to delivering reliable product performance and simple, easy experiences for our customers
CHICAGO, Sept. 09, 2024 (GLOBE NEWSWIRE) — Dormer Pramet is proud to announce the unveiling of our redefined brand identity at IMTS 2024, marking the beginning of a new era for our company. Visitors to our booth will experience first-hand the fresh visual identity and innovative products that reflect our commitment to simplifying messages and enhancing user experiences.
Certainty at Every Turn: Our new brand promise underscores our dedication to delivering reliable product performance and simple, easy experiences for our customers. This theme resonates through our entire repositioning effort, ensuring that every interaction with Dormer Pramet is dependable and trustworthy.
Key Highlights of the New Brand Identity:
Unified Global Master Brand: Dormer and Pramet brands are now united under the global master brand, Dormer Pramet, to create a clearly defined space in the market, simplifying product groupings and enhancing customer value. Miranda and Precision will remain within the Dormer Pramet’s portfolio as national hero brands.
New Visual Identity: Our updated corporate identity, includes a refreshed visual style that will be rolled out across our website, packaging, and various touchpoints.
New packaging: Starting January 2025, all packaging will transition to grey, with our new brand identity. By making our packaging grey, it means that it can be more easily recycled at the end of life.
Our commitment: Reflecting our core values, we are dedicated to being collaboratively curious, activating ideas, doing the right thing, and going the extra mile for our customers.
At Dormer Pramet, we care deeply about the manufacturing community. This dedication to supporting our growth and resilience is embedded in our brand values and is reflected in our commitments.
Visitors at IMTS 2024 Can Expect:
Innovative Product Displays: Experience our latest cutting tools and solutions designed to improve performance and reduce operational costs.
Interactive Demonstrations: Engage with our experts to understand how our products and solutions can benefit your specific applications.
Storytelling and Engagement: Learn about our brand values and behaviors through powerful storytelling that highlights our dedication to collaboration, innovation, and customer success.
During this new era of Dormer Pramet we are focused on delivering certainty to our customers. We want customers to be certain they will get a quality tool, certain they can get the information they need quickly, and certain that we will be there for them to find a solution to their tooling problem.
About Dormer Pramet:
Dormer Pramet is a global manufacturer and supplier of tools for the metal cutting industry. It is a part of the Sandvik Group, a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining, and infrastructure industries. Dormer Pramet’s comprehensive product program encompasses both rotary and indexable drilling, milling, threading, and turning tools for use in a wide variety of production environments. An extensive sales and technical support service operates from 20 offices, serving more than 100 markets worldwide. These are assisted by dedicated production facilities in Europe, Americas and Asia, along with an advanced distribution and logistics network.
Growing roster of government clients now includes U.S. Special Operations Command, Belgium Federal Public Service Finance, UK Cabinet Office, Public Sector Fraud Authority, Mersey Care NHS Trust, and Service NSW Australia
West Point graduate and tech industry veteran, Frank Ignazzitto, joins Quantexa’s group of regional executives to lead U.S. Public Sector efforts
Company continues to strengthen ecosystem partnerships with Microsoft, Databricks, AWS globally and a growing set of specialized consulting and delivery partners
NEW YORK and LONDON, Sept. 09, 2024 (GLOBE NEWSWIRE) — Quantexa, the global leader in Decision Intelligence solutions, today announced it is forming Quantexa Public Sector, a new global business unit dedicated to empowering public sector agencies around the world to transform government services with AI, automation and trusted data. Quantexa is rapidly building a track record of success in the public sector, helping agencies and departments use their cutting-edge Decision Intelligence Platform to better protect and serve more communities while maximizing operational efficiencies.
Quantexa’s achievements in the public sector are being recognized as the company was named one of the top vendors in the inaugural Chartis RiskTechAI 50 2024 ranking and research report. The Chartis RiskTechAI 50 Report ranks global AI solutions in risk technology and has acknowledged Quantexa’s ability to use AI for specialized applications in tax fraud detection and government use cases. In the report, Quantexa technology has been commended in two categories: “Advanced tax fraud capabilities” and “AI for government applications.”
This recognition underlines Quantexa’s industry leading expertise in leveraging AI for specialized applications in tax fraud detection and government use cases.
An expanding portfolio of government clients seeing the benefit of Quantexa’s technology
Earlier today, Quantexa announced that it has signed its first contract with the U.S. federal government through a new deal with the U.S. Special Operations Command (USSOCOM). USSOCOM will deploy Quantexa News Intelligence (QNI), an AI-enabled SaaS solution that provides real-time insights from global news data, to identify and monitor emerging risks and aid in making mission-critical decisions.
This contract comes on the heels of QNI achieving “Awardable” status through the Tradewinds Solutions Marketplace, the Department of Defense’s suite of tools and services designed to accelerate the procurement and adoption of AI/machine learning, data, and analytics capabilities.
USSOCOM is the latest addition to a growing roster of government agencies turning to Quantexa’s Decision Intelligence Platform and solutions to help solve data management, governance, and quality challenges. Other clients include UK’s Cabinet Office, Mersey Care NHS Trust, Service NSW Australia, and Belgium Federal Public Service Finance.
Quantexa public sector clients see success and cost savings achieved across a range of use case scenarios including stopping fraud occurring in tax, grants, and benefits programs, driving more efficient and effective financial crime and criminal investigations, facilitating the safe and secure movement of people and goods across borders, enriching intelligence operations, and proactive patient care efforts within national health programs.
Craig Martin, Fraud Analytics Lead & Head of Programme, U.K. Cabinet Office, said: “Quantexa has helped us narrow in on the right type of fraud – and the right type of fraud technologies – to surface networks of interest that we deem to be very high risk. With the network analytics and entity resolution capabilities that Quantexa provides, we’re not only seeing evidence of opportunistic fraud, but also organized fraud.”1
Meeting public sector demand for data and AI initiatives
Quantexa’s increasing commitment to the public sector comes on the heels of the rapid adoption of AI across government agencies. According to Gartner®, “Global AI software spending in the government market is set to increase 18.0% in 2024 to $41.6 billion and reach $70.6 billion by 2027, with a five-year CAGR of 18.7%. Technology and service providers can use this presentation to support government planning activities for 2024 and beyond.”2 Gartner also predicts that, “By 2025, 95% of decisions that currently use data will be at least partially automated.”2
Empowering investigative teams and healthcare professionals with critical capabilities such as entity resolution and knowledge graph technologies enables them to cleanse, enrich, match, and understand data by connecting siloed sources and visualizing complex relationships in real-world context. The result is the ability to support multiple use cases from one platform that provides exceptional data accuracy, far better-performing AI models, and effective Gen AI, with intuitive user experiences that improves the ability to collaborate and drives greater effectiveness and efficiency of agency resources.
Quantexa Public Sector is led by current senior executives, with recent of appointment of West Point graduate and tech industry veteran Frank Ignazzitto to run the U.S. Public Sector team.
Vishal Marria, Quantexa Founder and CEO, said: “Today, agencies are increasingly turning to AI to break down data silos and drive better quality insights through augmented and automated decision-making. In turn, nations, especially the U.S., are increasing federal spending on AI across professional, scientific, and technical services and defense projects.3 Since our inception, our teams have demonstrated proficiency in helping public sector clients in enhancing productivity, modernizing outdated systems and services, and ensuring the safety and security of citizens. With the formation of our dedicated business unit, we are putting an increased focus on building strong client relations by providing specialized expertise in each region, dedicated customer support, and tailored product innovation that address the specific challenges of government agencies.”
Building a high-impact partner ecosystem
Quantexa is committed to building a high-impact partner ecosystem to support the unique challenges public sector agencies face, including the need for scalable solutions that work with existing IT infrastructure. Composed of partners who bring specialized expertise across secure compute, cloud computing adoption, cybersecurity, and managed offerings, Quantexa works with its trusted industry partners to provide unmatched consulting and technology delivery that enhances operational efficiency, champions innovation, and enables agencies to provide better services to the public they serve.
Technology Partners: AWS, Databricks, Google, Microsoft
Delivery and Consulting Partners: Accenture, Akira Technologies, Brillient Corporation, Capgemini, Deloitte, DXC Technology, IBM, KPMG, PWC, ST Engineering
Quantexa’s Decision Intelligence Platform and solutions are available to government agencies directly through Quantexa or through an expanding set of global contract vehicles and technology marketplaces.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.
The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has more than 750 employees and thousands of platform users working with billions of transactions and data points across the world.
Akur8 expands core capabilities with strategic acquisition of Arius Reserving Solution.
Bringing the Best Reserving Solution In-House for Unmatched Innovation
PARIS, NEW YORK and ATLANTA, Sept. 09, 2024 (GLOBE NEWSWIRE) — Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its acquisition of Arius®, an award-winning P&C reserving software for insurers and reinsurers, known for its innovative tools and methodologies that help insurers manage risk and improve financial performance. Boasting a robust U.S. presence and a reputation for excellence, Arius’s portfolio includes 150 insurance and consulting clients and over 1,500 users. More than one third of these clients are top-tier carriers in the U.S. and Canada, reflecting its strong foothold in the Tier 1 and Tier 2 market segments. As a trusted partner for insurers, Arius® offers comprehensive reserving capabilities that set industry standards.
The Senior team from Akur8 and Arius
CEO Samuel Falmagne and CCO Brune de Linares from Akur8, with senior leaders Ken Scalf, Principal, P&C Insurance Software Solution and Charles Hoffman, Principal & Director of Software Development from Arius.
Acquired from Milliman, Inc., a premier global provider of actuarial, risk management, and technology solutions, the addition of Arius® expands Akur8’s product portfolio and introduces an innovative actuarial platform that significantly amplifies the value delivered to insurance carriers worldwide. With the combined strength of Akur8 Pricing and Akur8 Reserving, non-life insurance companies can drastically improve the speed, accuracy, and reliability of their core actuarial processes, through a comprehensive suite of tools designed to fully support actuaries and underwriters.
Management Comments
Samuel Falmagne, CEO at Akur8
“The insurance industry faces increasingly complex challenges, necessitating advanced solutions. Actuaries and insurance professionals must navigate changing regulatory environments and ensure accurate reserving while managing risk and maintaining profitability. The Arius acquisition effectively addresses these concerns and is a significant milestone for Akur8. It strengthens our market standing, expands our product portfolio and customer base, and reinforces our strong relationship with Milliman. Our ultimate vision is a fully integrated, next generation pricing and reserving platform that redefines actuarial best practices and combines the strengths of both Akur8 pricing and Arius, providing a best-in-class, comprehensive platform that elevates business performance and competitiveness. We are delighted to welcome the Arius team to the Akur8 family and know that together we will deliver even greater value to our clients.”
Ken Scalf, Principal, P&C Insurance Software Solution at Arius®
“This acquisition combines Arius’s strength in reserving with Akur8’s cutting-edge approach to pricing, empowering us to deliver more comprehensive and forward-thinking solutions to our clients. Together, we can drive significant advancements in the actuarial field and better meet the evolving needs of insurers worldwide.”
Charles Hoffman, Principal & Director of Software Development at Arius®
“Joining forces with Akur8 enables Arius to benefit from their SaaS and AI expertise, accelerating our product development and driving greater innovation for our clients. We’re excited to embark on this new chapter together.”
Dermot Corry, CEO at Milliman
“We have been working with Akur8 for five years as they have developed their pricing tool, and over the course of that collaboration we recognized a significant opportunity for Arius to be paired with Akur8’s pricing software,” said Milliman CEO Dermot Corry. “This is a natural extension of Milliman’s existing relationship with Akur8 and should result in benefits for our shared clients. We are particularly grateful for the contributions of our Arius colleagues and wish them the best of luck as part of Akur8’s impressive team. Milliman increased its equity interest in Akur8 as part of the transaction.”
About Akur8
With this new acquisition, Akur8 serves 250+ customers across 40+ countries, including P&C global carriers AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine and MS&AD; commercial and specialty P&C insurers TMNAS, FCCI, NEXT, Canopius and Canal; and personal and commercial P&C insurers Sura, Mutua Madrilena, Phoenix, GNP Matmut and Western Reserve Group. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.
About Milliman
Milliman is among the world’s largest providers of actuarial, risk management, and technology solutions. Their consulting and advanced analytics capabilities encompass healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.
Akur8 expands core capabilities with strategic acquisition of Arius Reserving Solution.
Bringing the Best Reserving Solution In-House for Unmatched Innovation
PARIS, NEW YORK and ATLANTA, Sept. 09, 2024 (GLOBE NEWSWIRE) — Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its acquisition of Arius®, an award-winning P&C reserving software for insurers and reinsurers, known for its innovative tools and methodologies that help insurers manage risk and improve financial performance. Boasting a robust U.S. presence and a reputation for excellence, Arius’s portfolio includes 150 insurance and consulting clients and over 1,500 users. More than one third of these clients are top-tier carriers in the U.S. and Canada, reflecting its strong foothold in the Tier 1 and Tier 2 market segments. As a trusted partner for insurers, Arius® offers comprehensive reserving capabilities that set industry standards.
The Senior team from Akur8 and Arius
CEO Samuel Falmagne and CCO Brune de Linares from Akur8, with senior leaders Ken Scalf, Principal, P&C Insurance Software Solution and Charles Hoffman, Principal & Director of Software Development from Arius.
Acquired from Milliman, Inc., a premier global provider of actuarial, risk management, and technology solutions, the addition of Arius® expands Akur8’s product portfolio and introduces an innovative actuarial platform that significantly amplifies the value delivered to insurance carriers worldwide. With the combined strength of Akur8 Pricing and Akur8 Reserving, non-life insurance companies can drastically improve the speed, accuracy, and reliability of their core actuarial processes, through a comprehensive suite of tools designed to fully support actuaries and underwriters.
Management Comments
Samuel Falmagne, CEO at Akur8
“The insurance industry faces increasingly complex challenges, necessitating advanced solutions. Actuaries and insurance professionals must navigate changing regulatory environments and ensure accurate reserving while managing risk and maintaining profitability. The Arius acquisition effectively addresses these concerns and is a significant milestone for Akur8. It strengthens our market standing, expands our product portfolio and customer base, and reinforces our strong relationship with Milliman. Our ultimate vision is a fully integrated, next generation pricing and reserving platform that redefines actuarial best practices and combines the strengths of both Akur8 pricing and Arius, providing a best-in-class, comprehensive platform that elevates business performance and competitiveness. We are delighted to welcome the Arius team to the Akur8 family and know that together we will deliver even greater value to our clients.”
Ken Scalf, Principal, P&C Insurance Software Solution at Arius®
“This acquisition combines Arius’s strength in reserving with Akur8’s cutting-edge approach to pricing, empowering us to deliver more comprehensive and forward-thinking solutions to our clients. Together, we can drive significant advancements in the actuarial field and better meet the evolving needs of insurers worldwide.”
Charles Hoffman, Principal & Director of Software Development at Arius®
“Joining forces with Akur8 enables Arius to benefit from their SaaS and AI expertise, accelerating our product development and driving greater innovation for our clients. We’re excited to embark on this new chapter together.”
Dermot Corry, CEO at Milliman
“We have been working with Akur8 for five years as they have developed their pricing tool, and over the course of that collaboration we recognized a significant opportunity for Arius to be paired with Akur8’s pricing software,” said Milliman CEO Dermot Corry. “This is a natural extension of Milliman’s existing relationship with Akur8 and should result in benefits for our shared clients. We are particularly grateful for the contributions of our Arius colleagues and wish them the best of luck as part of Akur8’s impressive team. Milliman increased its equity interest in Akur8 as part of the transaction.”
About Akur8
With this new acquisition, Akur8 serves 250+ customers across 40+ countries, including P&C global carriers AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine and MS&AD; commercial and specialty P&C insurers TMNAS, FCCI, NEXT, Canopius and Canal; and personal and commercial P&C insurers Sura, Mutua Madrilena, Phoenix, GNP Matmut and Western Reserve Group. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.
About Milliman
Milliman is among the world’s largest providers of actuarial, risk management, and technology solutions. Their consulting and advanced analytics capabilities encompass healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.
Akur8 expands core capabilities with strategic acquisition of Arius Reserving Solution.
Bringing the Best Reserving Solution In-House for Unmatched Innovation
PARIS, NEW YORK and ATLANTA, Sept. 09, 2024 (GLOBE NEWSWIRE) — Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce its acquisition of Arius®, an award-winning P&C reserving software for insurers and reinsurers, known for its innovative tools and methodologies that help insurers manage risk and improve financial performance. Boasting a robust U.S. presence and a reputation for excellence, Arius’s portfolio includes 150 insurance and consulting clients and over 1,500 users. More than one third of these clients are top-tier carriers in the U.S. and Canada, reflecting its strong foothold in the Tier 1 and Tier 2 market segments. As a trusted partner for insurers, Arius® offers comprehensive reserving capabilities that set industry standards.
The Senior team from Akur8 and Arius
CEO Samuel Falmagne and CCO Brune de Linares from Akur8, with senior leaders Ken Scalf, Principal, P&C Insurance Software Solution and Charles Hoffman, Principal & Director of Software Development from Arius.
Acquired from Milliman, Inc., a premier global provider of actuarial, risk management, and technology solutions, the addition of Arius® expands Akur8’s product portfolio and introduces an innovative actuarial platform that significantly amplifies the value delivered to insurance carriers worldwide. With the combined strength of Akur8 Pricing and Akur8 Reserving, non-life insurance companies can drastically improve the speed, accuracy, and reliability of their core actuarial processes, through a comprehensive suite of tools designed to fully support actuaries and underwriters.
Management Comments
Samuel Falmagne, CEO at Akur8
“The insurance industry faces increasingly complex challenges, necessitating advanced solutions. Actuaries and insurance professionals must navigate changing regulatory environments and ensure accurate reserving while managing risk and maintaining profitability. The Arius acquisition effectively addresses these concerns and is a significant milestone for Akur8. It strengthens our market standing, expands our product portfolio and customer base, and reinforces our strong relationship with Milliman. Our ultimate vision is a fully integrated, next generation pricing and reserving platform that redefines actuarial best practices and combines the strengths of both Akur8 pricing and Arius, providing a best-in-class, comprehensive platform that elevates business performance and competitiveness. We are delighted to welcome the Arius team to the Akur8 family and know that together we will deliver even greater value to our clients.”
Ken Scalf, Principal, P&C Insurance Software Solution at Arius®
“This acquisition combines Arius’s strength in reserving with Akur8’s cutting-edge approach to pricing, empowering us to deliver more comprehensive and forward-thinking solutions to our clients. Together, we can drive significant advancements in the actuarial field and better meet the evolving needs of insurers worldwide.”
Charles Hoffman, Principal & Director of Software Development at Arius®
“Joining forces with Akur8 enables Arius to benefit from their SaaS and AI expertise, accelerating our product development and driving greater innovation for our clients. We’re excited to embark on this new chapter together.”
Dermot Corry, CEO at Milliman
“We have been working with Akur8 for five years as they have developed their pricing tool, and over the course of that collaboration we recognized a significant opportunity for Arius to be paired with Akur8’s pricing software,” said Milliman CEO Dermot Corry. “This is a natural extension of Milliman’s existing relationship with Akur8 and should result in benefits for our shared clients. We are particularly grateful for the contributions of our Arius colleagues and wish them the best of luck as part of Akur8’s impressive team. Milliman increased its equity interest in Akur8 as part of the transaction.”
About Akur8
With this new acquisition, Akur8 serves 250+ customers across 40+ countries, including P&C global carriers AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine and MS&AD; commercial and specialty P&C insurers TMNAS, FCCI, NEXT, Canopius and Canal; and personal and commercial P&C insurers Sura, Mutua Madrilena, Phoenix, GNP Matmut and Western Reserve Group. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.
About Milliman
Milliman is among the world’s largest providers of actuarial, risk management, and technology solutions. Their consulting and advanced analytics capabilities encompass healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.
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