UK InsurTech hyperexponential, a leader in data-driven pricing solutions for the insurance industry, has appointed Risa Ryan as head of US P&C to spearhead the company’s expansion into the US market.
As head of US P&C, Ryan will lead hyperexponential’s efforts to enhance its presence and capabilities in the North American market, according to Insurance Business Mag.
Ryan, based in Manhattan, brings more than 25 years of industry experience to her new role at hyperexponential. Previously, she served as Sompo International’s chief underwriting officer and has held positions at Munich Re, QBE, and Swiss Re.
She is set to join the firm, which was founded in 2017, amid the great success it is having with its hx Renew platform, which processes over $22bn of gross written premium annually.
Ryan expressed her enthusiasm about joining hyperexponential, stating, “I am enormously energised by joining hyperexponential. It’s an InsurTech that has grown at pace since launch, and has a compelling, relevant, and timely proposition for US carriers.
“Following exciting conversations with Amrit and the team on their philosophy, vision, and strategy, I am thrilled to be embarking on the journey of assisting insurers in harnessing their data sources, enabling them to make more informed and effective pricing decisions.”
Amrit Santhirasenan, hyperexponential’s co-founder and CEO, highlighted the significance of Ryan’s appointment, remarking, “Risa’s appointment marks an important juncture in our growth as a company as we seek to meaningfully expand our on-the-ground presence in North America. As a hugely respected industry figure, she brings with her a wealth of experience, insight, and far-reaching relationships in the US market.
“As importantly, Risa has a deep knowledge and passion for data and predictive analysis, perfectly positioning her to work with actuarial, IT, and underwriting teams to transform their approach to rating, risk assessment, and pricing decisions.”
As part of hyperexponential’s expansion strategy, chief revenue officer Richard Gunn will relocate from London to New York.
Additionally, the company is actively hiring new colleagues for customer delivery, sales, marketing, and product leadership positions to further strengthen its team.
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