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Akur8 acquires Arius®, expanding insurance pricing and reserving platform

Sep 09, 2024•over 1 year ago

Acquiring Company

Akur8

Acquired Company

Milliman

ParisSeattleInsurtechInsuranceMachine LearningConsulting

Description

Akur8, a next generation insurance pricing solution, has acquired Arius®, an award-winning P&C reserving software for insurers and reinsurers, expanding Akur8’s product portfolio. This acquisition strengthens Akur8’s market standing, introduces an innovative actuarial platform for insurance carriers, and reinforces the relationship with Milliman. The ultimate vision is to create a fully integrated, next generation pricing and reserving platform that redefines actuarial best practices.

Company Information

Company

Akur8

Location

Paris, Ile De France, France

About

Arius® is 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. Its portfolio includes 150 insurance and consulting clients and over 1,500 users, with a strong foothold in the U.S. and Canada markets, serving top-tier carriers. Acquired from Milliman, Inc., Arius® offers comprehensive reserving capabilities and is a trusted partner for insurers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed