Akur8 Acquires Slope Software, Enters L&A Market

KUALA LUMPUR, March 18 (Bernama) -- Akur8, the global actuarial artificial intelligence (AI) platform, has entered the life and annuity (L&A) insurance market with the acquisition of Slope Software, expanding its capabilities beyond property and casualty (P&C) offerings.

The transaction marks a strategic milestone for Akur8 as it broadens its product suite to serve actuaries across multiple insurance lines with advanced AI-driven tools.

Akur8 Chief Executive Officer, Samuel Falmagne said Slope Software’s platform aligns closely with Akur8’s vision of equipping actuaries with modern, intuitive solutions.

“Bringing SLOPE into the Akur8 family expands our reach into life insurance, and together we will accelerate innovation and deliver even greater value to actuaries worldwide,” he said in a statement.

Meanwhile, Slope Software Co-founder and Chief Strategy Officer, Andy Smith said the combined resources would enable the delivery of a best-in-class actuarial platform, strengthening Akur8’s position in the market.

Built for total transparency and auditability, SLOPE is a cloud-native, fully hosted cash-flow modelling solution designed to support projections across the policy lifecycle, including pricing, valuation and forecasting.

The combined offering is expected to provide a unified solution for multi-line insurers, providing a one-stop solution that supports both P&C and L&A actuarial needs.

Following the acquisition, SLOPE will be integrated as Akur8 Life and will benefit from Akur8’s research and development capabilities to accelerate innovation and product development.

-- BERNAMA