hx Renew named InsurTech Product of the Year by Insurance Insider

The Insurance Insider Honours, now in their twelfth year, are one of the most reputable awards in global insurance, selected by an independent panel of judges with unparalleled industry experience, including the CEO of the London Market Group and Head of Innovation at Tokio Marine Kiln, amongst others. 

In a strong field, the panel was blown away by the hx Renew proposition. One panellist commented: “Their solution is impressive and growth is amazing. I think it’s up there in the top insurtechs at the moment. No hype – they are delivering.”

It wasn’t just the technology that impressed the judges; they were also pleased with the service we offer too and praised the dedicated team for delivering on their promises. “Lots of real-world examples of impact here with great execution and scale,” stated one judge.

They added: “This does appear to be something which is genuinely new and taking a different approach to defining processes, rather than simply digitising existing workflows.”

Amrit Santhirasenan, Co-Founder and CEO of hyperexponential explains, “This award means a lot to the team, especially coming from our peers. It’s a fantastic milestone on our journey to transform the effectiveness of pricing teams through the power of decision intelligence, and so rewarding for the innovation and hard work of our product teams to be recognised by our industry. We are proud and honoured that hx Renew has caught the attention of our industry’s top decision makers and we promise to bring yet more innovation over the next months and years.”

The shortlist:

• omni:us - The Digital Claims Adjuster

• Artificial - Artificial platform

• CyberCube - Portfolio Manager 4.0

• Greater Than

• hyperexponential - hx Renew

• Parametrix Insurance - Cloud-in-a-Box

• Parsy

hx Renew  - The world's first pricing decision intelligence platform

hx Renew is the world’s first pricing decision intelligence platform. By automating key processes and capturing and surfacing the right data to the right person at the right time, it allows users to generate strategic insight from their BAU pricing actions, and accumulate a coherent data asset that continuously improves with every decision. 

hx Renew is the only system that’s been purpose-built for the reality of small, sparse, and fragmented insurance pricing data, and to drive the tight feedback loop between data, insights and decisions that form the foundation of world-class decision intelligence. It forms the connective tissue that allows the entire pricing team to collaborate seamlessly, creating a virtuous cycle that helps insurers make smart decisions today, and even smarter decisions tomorrow.

For more info on the awards available here.