hyperexponential launches hx AI

LONDON, 28 March 2025 – Insurtech leader hyperexponential (hx) has this week unveiled its latest suite of AI-powered capabilities, hx AI, designed to revolutionise pricing, actuarial and underwriting productivity and decision-making in the insurance industry.

The new tools were launched at an hx-hosted AI event in London where industry experts gathered to discuss AI’s transformative potential for underwriting and pricing complex risk - from managing and ingesting unstructured data, to leveraging agentic AI co-pilots to optimise and streamline pricing workflows.

Beyond the typical productivity and efficiency gains that many AI solutions claim to provide, hyperexponential are focusing their ambitions on unlocking fresh insight, analysis and decision-making capabilities that will ultimately enable insurers to drive profitability and identify new margins in their most complex lines of business.

Commenting on the launch, Amrit Santhirasenan, CEO and Co-founder of hyperexponential, said:

"AI is fundamentally transforming the pace and potential of large-scale digital transformation projects. hx AI brings this to our client base, and allows them to realise the benefits immediately. Work like pricing model builds, which once took weeks or even months, can now be completed in minutes with hx AI. While our free Data Ingestion Library adds advanced automated document extraction and analysis capability to any pricing model, saving our clients time and money, and freeing up their precious time to focus on the value-adding work.

Our approach at hx has always been to partner closely with our customers, using technology to turn their data, insights and expertise into tangible competitive advantages. AI takes this to a completely new level, with unbounded potential. I’m personally incredibly excited to support our customers on this transformative journey."

With insurers under increasing pressure to enhance efficiency and profitability, hx AI introduces tools that harness automation and complex, fragmented data to improve workflows and support decision making, including:

• Data Ingestion Library – Underwriters spend over two hours daily on manual data entry. hx’s AI-powered Data Ingestion Library automates this process, enabling underwriters to preview, confirm, and seamlessly map data into pricing models, reducing administrative burdens.

• Virtual Actuarial Assistant – an AI-powered assistant that provides real-time programming suggestions and inputs to help actuaries build models faster and increase development velocity by automating tedious tasks and augmenting learning potential.

Speakers at the event included James Anderson, Partner at EY and incoming Chief Pricing Actuary at SiriusPoint, who discussed what lessons can be learned from other industries, and Kav Benepal, Sr Manager Technical Pricing at Markel, on their organisation’s approach to developing and implementing AI use cases.

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About hyperexponential

hyperexponential are the creators of hx Renew - the industry-leading pricing and underwriting platform helping global re/insurers to drive performance and profitability from their most complex lines of business. By making it possible for actuaries and underwriters to leverage fragmented data sets, quickly build sophisticated pricing tools or raters, and unite all the parties that huddle around a risk, hyperexponential are providing the technical backbone that enables large-scale digital transformation projects across the insurance industry. hyperexponential currently work with over 40 clients, including global market leaders like Aviva, Beazley, Conduit RE and AEGIS, with over $45bn of Gross Written Premium contracted through the hx Renew platform each year.