Akur8 acquires Slope Software

Insurance pricing and reserving platform Akur8 has acquired Slope Software, an all-in-one actuarial modeling platform for life insurers and pension firms. The transaction expands Akur8’s offering beyond P&C into the life and annuity market.

Founded in 2015 in Atlanta, Slope Software has built “a strong customer base” including tier-one life insurers, reinsurers, and consulting firms. The company publicly disclosed ~$3 million in funding.

“Slope Software has built an exceptional platform that transforms how life actuaries work, and their vision mirrors our own: empowering actuaries with modern, intuitive tools that eliminate legacy constraints. Bringing SLOPE into the Akur8 family expands our reach into life insurance, and together we’ll accelerate innovation and deliver even greater value to actuaries worldwide.” – Samuel Falmagne, CEO, Akur8.

“The benefits of joining Akur8 are so clear. Akur8’s vision and founder mindset are closely aligned with the one Taylor and I have for SLOPE, and with our combined resources we’re well positioned to deliver a best-in-class actuarial platform, making Akur8 the obvious choice for anyone seeking a modern, flexible, and powerful actuarial solution.” – Andy Smith, Co-founder and Chief Strategy Officer of Slope Software.

“Joining forces with Akur8 gives us the resources and R&D capabilities to scale our vision faster than we ever could alone. Our customers will benefit from enhanced innovation, expanded capabilities, and the backing of a global leader in actuarial technology. This partnership ensures that life actuaries will continue to receive the cutting-edge tools they need to excel in an increasingly complex market.” – Taylor Perkins, Co-founder and Chief Technology Officer of Slope Software.