Hyperexponential provides pricing decision intelligence software, hx Renew, that enables commercial insurers to optimize pricing and underwriting workflows using data-driven insights. The platform improves combined ratios by 3-6 percentage points and reduces quote-to-bind times by 50%, facilitating faster and more profitable pricing decisions.
Funding
$88.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commercial insurers often struggle with inefficient pricing and underwriting workflows due to reliance on outdated systems and difficulty in extracting actionable insights from complex data. This leads to slower quote-to-bind times and suboptimal combined ratios, hindering profitability.
Solution
Hyperexponential's hx Renew is a pricing decision intelligence platform designed to optimize pricing and underwriting for commercial insurers. The platform facilitates data-driven insights, enabling insurers to make faster and more profitable pricing decisions. By creating a tight feedback loop between data, insights, and decisions, hx Renew helps insurers improve combined ratios and reduce quote-to-bind times. The system allows users to build, deploy, and refine pricing models with ease, leveraging API integrations to eliminate rekeying and surface insights for decisions.
Target Audience
The primary target audience includes specialty and commercial insurers, as well as reinsurance companies, seeking to optimize pricing and underwriting workflows.
Features
- Native Python environment for building models 10x faster
- Rapid deployment without IT dependence
- Ready-made and reusable components
- API integrations to streamline underwriting workflows
- Automated peer review
- Live rate change and portfolio performance tracking
- Rapid what-if analyses
- Customizable data visualization dashboards
- Secure and scalable infrastructure with ISO 27001 certification