hyperexponential and Send have announced a strategic partnership aimed at streamlining the pricing process for insurers.
The partnership is set to create a seamless integration of hyperexponential’s hx Renew platform with Send’s underwriting workbench, according to InsurTech Insights.
This integration aims to empower underwriters by providing greater efficiency and accuracy in their pricing decisions, which in turn is expected to drive business success for insurers.
Both companies are dedicated to making the underwriting and pricing processes more efficient and accurate.
Their partnership is underpinned by a shared expertise in the Specialty & Commercial sector.
The collaboration has already been trialled successfully with live customers, demonstrating its potential to streamline these complex processes.
Hyperexponential focuses on developing advanced pricing decision intelligence solutions. Its hx Renew platform is designed to enhance pricing strategies, allowing insurers to make more informed and accurate pricing decisions.
Send, on the other hand, offers advanced underwriting workbench capabilities. Their platform helps underwriters manage complex processes efficiently, reducing the need for manual data entry and system switching.
Andy Moss, CEO and co-founder at Send, highlighted the significance of the partnership, stating, “The emerging insurance ecosystem thrives on partnerships between innovative companies, working together to provide industry-leading solutions for their customers and streamline complex, time-consuming processes.”
“This partnership further enriches our award-winning Underwriting Workbench, giving customers seamless access to hyperexponential’s intelligent pricing models, without having to switch between systems or manually re-key data. We’ve already seen this partnership in action with several global insurance carriers and look forward to helping other insurers reap the benefits.”
Richard Gunn, Chief Revenue Officer at hyperexponential, said, “Our partnership with Send represents our ongoing commitment to offering insurers a best-in-class, deeply interconnected pricing ecosystem. This integration empowers underwriters to achieve greater efficiency and accuracy in their pricing decisions, ultimately driving business success for insurers.”
Copyright © 2024 InsurTech Analyst
