hx Renew for underwriters: Optimized workflows and data driven decision-making
Helping underwriters make more profitable pricing decisions in half the time
hx Renew transforms pricing workflows so underwriters spend less time rekeying data and more time assessing complex risks. It embeds rich data, management information, and regulatory controls at the point of underwriting for enhanced confidence.
Challenges for underwriters
Underwriter workflows are too often undermined by fragmented systems and processes, costing time and opportunities.
40% of time spent on admin
Common workflows see underwriters engaging in manual data entry, paperwork, and repetitive tasks that waste both time and talent.
Obscurity at the point of pricing
Lack of management info and portfolio data at point of pricing makes it difficult to predict the business impact of pricing and underwriting decisions.
Business compliance
Commonly used systems and workflows make it difficult to safeguard underwriters from unintentional breaches.
Move from quote to bind in half the time
Integrates with your workflow to eliminate rekeying
Automated risk triaging with machine learning
Collaborate faster with chat and email integrations
Access rich data at the point of pricing
Live benchmark and portfolio data for more strategic decisions
Reduce manual data collection with API-powered ingestion
Visibility on rate change, accumulation, and projected loss ratio
Align decisions to business objectives
Streamline workflows and feedback loops with embedded peer reviews
Audit trail info captured through tracked review and approval cycles
Adhere to best practice with compliance guidelines build into models
“Optio is always looking for ways to embed technology and transform all areas of the business, and the decision to introduce a more data-driven approach to underwriting through hx Renew enables us to harness data, improve our performance, and drive profitability.”
Kevin Cleary | CIO – Optio
“hyperexponential has been supportive in working with Convex to evolve our data capabilities, and the hx Renew platform has evolved alongside our business. hx Renew operates with data reliability, enabling best-in-class service and advanced live insights to the Convex portfolio.”
Mike Hansen | Head of Aerospace - Convex
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Optio Group works with hyperexponential to optimise underwriter workflow
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