Tag: hyperexponential

In the evolving landscape of insurance, there is a stark need for adaptation. The rampant shift towards digitalisation has impacted the very core of how insurers operate, but the data-driven wave hasn't been smooth sailing. Underwriters and actuaries, key players in the industry, voice discontent with contemporary processes.

The aviation sector, with its rich tapestry of innovations and challenges, has always mirrored the intricacies of our rapidly evolving world. From major incidents like 9/11 and the subsequent geopolitical challenges, to facing global health crises such as the COVID-19 pandemic and the growing demands of climate action, aviation has consistently proven its resilience.

Successful pricing and underwriting transformation mandates not just a vivid vision but the sustained momentum to actualise it. This transformation isn't a one-size-fits-all approach; it varies for each business. Yet, the goal remains consistent: refining the process of assessing and insuring risk.

As the business environment evolves, the insurance sector grapples with a pertinent issue: talent. Maintaining a competitive edge, staying relevant, and demonstrating resilience are pivotal for survival, and people with the right skills are key to these endeavours.

A recent survey conducted by Coleman Parkes, on behalf of pricing decision intelligence leader hyperexponential, has unveiled the extensive dissatisfaction within the Specialty and Commercial insurance sectors regarding their current pricing and technology.

Cytora, a digital risk processing platform, and hyperexponential, an innovative pricing decision intelligence firm, have inked a partnership.

Inigo Insurance, an expeditiously expanding Lloyd’s syndicate specialising in high-risk, high-capacity insurance and reinsurance lines, has announced a partnership with hyperexponential (hx), the creators of the Renew platform. hx is renowned for its platform, which has been widely adopted by several fast-growing specialty (re)insurers and MGAs.

ChatGPT has captured the imagination of the public, bringing conversations about Generative AI (GenAI) to the fore – but how will it impact the insurance industry?

The complexities reinsurers are facing is greater than ever. hyperexponential (hx) said this presents them with an opportunity to invest in pricing transformations.

Python is the right programming language for forward-thinking insurers, according to hyperexponential (hx), a SaaS pricing platform for insurers.