specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Akur8
providerId: akur8
created: '2026-07-03'
modified: '2026-07-03'
reconciled: false
tags:
- Insurance
- Insurtech
- Actuarial
- FinOps
- Cost Management
- FOCUS
description: >-
  FinOps view of Akur8 spend. Akur8 is bought as an enterprise SaaS contract, not
  metered per-API-call; akur8.com states cost "depends on the volume of insurance
  premiums being modeled on our platform" and includes regular updates and
  upgrades. There is no published per-request or per-token price for the Akur8
  Deploy rating endpoint, since that endpoint is provisioned privately per
  customer/model rather than billed through a public usage API. A free, ~2-week
  pilot precedes any paid commitment.
notes: >-
  No public per-unit rates exist to reconcile. This file reflects only the
  qualitative, premium-volume-based billing model described on
  akur8.com/resources/faq; verify actual contract economics directly with Akur8.
sources:
- https://www.akur8.com/resources/faq
- https://www.akur8.com/pricing
- https://focus.finops.org/focus-specification/v1-3/
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Akur8
serviceCategory: Insurtech / Actuarial Software
billingModel:
  pricingCategory: Enterprise Contract
  billingFrequency: Annual
  billingCurrency: USD
  chargeCategories:
  - Usage
  - Purchase
focusColumns:
  ServiceName: Akur8 Platform
  ServiceCategory: Insurtech / Actuarial Software
  ProviderName: Akur8
  PublisherName: Akur8
  InvoiceIssuerName: Akur8
  BillingCurrency: USD
  ChargeCategory: Usage
  PricingCategory: Enterprise Contract
meters:
- name: premium_volume
  description: Volume of insurance premiums modeled on the Akur8 platform; the stated basis for enterprise contract pricing.
  unit: currency
  aggregation: sum
  dimensions:
  - account
  - line_of_business
- name: deploy_endpoint_provisioning
  description: Per-customer, per-model provisioning of an Akur8 Deploy real-time rating endpoint. Not separately metered publicly.
  unit: endpoints
  aggregation: count
  dimensions:
  - account
  - model
principles:
- name: Visibility
  description: Track premium volume modeled per line of business, since that is the disclosed basis for Akur8's contract pricing.
- name: Allocation
  description: Map Akur8 usage (Pricing, Reserving, Life, Deploy endpoints) to the actuarial/pricing teams and lines of business they serve.
- name: Optimization
  description: Use the free pilot to validate value before committing to an enterprise term; consolidate deployed rating models to avoid redundant Deploy provisioning.
- name: Accountability
  description: Assign contract ownership to the actuarial/pricing function; review annual renewal terms against actual premium volume modeled.
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com