Guidewire backs Akur8

Guidewire , a P&C insurance software and technology company, has invested in Akur8 , a French insurance startup offering a pricing platform.

The startup closed a $27.3 million financing round earlier this month. Other investors include BlackFin Capital Partners and FinTLV Ventures.

Akur8 was founded in 2018 and has since raised $69 million. Its cloud-based solution automates the generation of pricing models while allowing actuaries to retain complete control over the process.

Clients include Western Reserve Group, Canopius, and Next Insurance.

This is Guidewire’s second insurtech investment this year, following its investment in Betterview.