Conduit Re takes the road to pricing decision intelligence with hyperexponential
Empowering reinsurers to build market-leading pricing tools
For reinsurers hampered by brittle spreadsheets and legacy systems, hx Renew offers a flexible, scalable alternative to rebuilding your pricing workflow from the ground up — helping you to improve risk selection, increase operational efficiency, and drive profitable growth in months, not years.
featured update
Reduce your model development time by up to 80%
The new treaty Excess of Loss (XoL) model template — developed in conjunction with Deloitte — is now available.
Challenges for reinsurers
Data quality and capture
Reinsurers are often limited when performing critical detailed analysis due to the enormous challenge of capturing submission and pricing data in a consistent format
Pricing tool performance
Legacy and Excel-based pricing tools often lack the ability to perform complex calculations and simulations in reasonable time.
Useful data not accessible
Data trapped in spreadsheets make analysing and managing your portfolio challenging — and can lead to suboptimal risk selection.
How hx Renew helps
Build an accessible, high-value data asset
Extract more value from your data with policy information automatically and easily accessible for later analysis
Process submission data faster with AI ingestion capabilities and integrations with Supercede and more
Lay the foundations for AI and machine learning use cases with a structured relational database for historical pricing data
Create powerful and flexible pricing tools
Build Python-based pricing models that can handle the most complex calculations and simulations with ease
Wire hx Renew into your existing ecosystem of tools with API integrations to any workbench, data platform or third-party data source
Ready to use model templates, reducing model build times by up to 80%
Actionable analytics to make pricing decisions with confidence
Accelerate quote turnaround with quick access to data for calculating renewal rate change and AvE
Improve risk selection by developing internal benchmarks — and rapidly assess marginal impact on your portfolio
Track performance and run what-if analysis at the portfolio level to refine your strategy and secure your competitive edge
“No data put into hx Renew is lost. With Excel, everything gets trapped in a spreadsheet and is unusable in the long run. In Renew, we can aggregate all of our pricing data, for example, by line of business, and use that to create our development factors. The ability to move a case easily from one year to the next to help with renewing the policy is valuable for the team.”
Stuart Quinlan | Deputy CEO and COO, Conduit Re
“We have found hx Renew to be an excellent pricing and underwriting tool. The Python development environment is intuitive and comes with a load of pre-built insurance features – a big step forward from spreadsheet models which took up a lot of actuarial time to maintain.”
Samantha Tanner | Chief Actuary, SCOR
“One of the challenges of growing a broad, global, multi-platform (re)insurance business is ensuring that legacy systems do not limit our ability to move quickly and respond to new opportunities. hx Renew is a key part of our strategy to ensure our pricing capability remains ahead of our competition as we grow and evolve.”
David Tribe | Group Head of Pricing - Canopius
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Research, news, and opinions to help insurers make intelligent decisions
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2024 State of Pricing: Mind the gap
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5 ways hx Renew helps modern reinsurers make better pricing decisions
