Akur8, the next-generation insurance pricing and reserving solution built on transparent machine learning, announced today the acquisition of Matrisk, an AI-driven platform that transforms unstructured regulatory filings from publicly available sources into searchable, on-demand market insights. The addition of Matrisk brings regulatory and market insights into Akur8’s offering, giving actuaries richer context for pricing decisions and deeper visibility into market activity, regulatory developments, and emerging industry dynamics. The acquisition also expands Akur8’s AI capabilities within its pricing solution by adding deep expertise in large language models (LLMs) and unstructured data processing, strengthening the company’s ability to deliver advanced AI features across its pricing product suite.

A Unified Platform for Pricing, Market Intelligence, and Filing Strategy

The integration of Matrisk’s capabilities into Akur8 will enable insurers to:

• Leverage AI to search and analyze Property & Casualty (P&C) rate and rule filings, supported by structured variables, tables, rules, and citations
• Benchmark rating strategies and factor selections using insights derived from publicly available filings
• Incorporate regulatory and market insights into Akur8’s existing suite of tools including rate repositories, demand modeling, and financial forecasting 
• Track market developments and rate evolution across states, perils, lines, and territories
• Anticipate regulatory objections using structured and source traceable insights derived directly from filings
• Accelerate pricing and filing cycles by pairing transparent model build with real time market intelligence and regulatory insight 
• Support informed pricing decisions with additional insight into market and regulatory conditions
• Help regulators and consumer advocates better evaluate increasingly complex rate filings

Together, these capabilities will be delivered as Akur8 Discover, a new offering within Akur8’s pricing platform. By combining Akur8’s transparent machine learning with Matrisk’s LLM-based techniques for extracting and structuring insights from publicly available filings, the unified platform will further enhance Akur8’s ability to operationalize unstructured data and bring more powerful AI capabilities into day-to-day pricing workflows.
 

Management Comments

Samuel Falmagne, CEO, Akur8

“Akur8 has always focused on helping insurers build better pricing models faster, with full transparency and control. Matrisk adds a critical new dimension to that mission. By bringing powerful filings search and competitive intelligence into our platform, we can now offer insurers the ability to understand their market context and integrate this information with Akur8’s existing suite of tools for re-rating and rate selection, demand modeling, and financial forecasting. This combination reinforces Akur8’s position as the actuarial platform of choice for insurers seeking to modernize pricing while staying aligned with regulatory expectations and competitive pressures. We are delighted to welcome Matrisk to Akur8 as we take this next step forward.”

Sergey Filimonov, Co-founder, Matrisk AI

“We started Matrisk because we believed AI could turn the most tedious parts of insurance market research into real leverage. The industry depends on information that’s scattered, messy, and hard to operationalize. We’ve grown faster than I ever imagined, and the adoption we’ve seen clearly validates that need. With Akur8, we can scale this even further, meet users where they already build rates, and help redefine the pricing engine from a modeling tool into an end-to-end decision platform that embeds regulatory and market context. The shared goal is simple: deliver high‑impact AI capabilities that customers find indispensable.”