Tag: hx Renew

A hard reinsurance market, though challenging, brings forth a unique opportunity for innovation and growth. Amidst the largest capital squeeze in reinsurance since 2008, the market faces reduced capacity, intensifying the need for fast, responsive, and precise pricing strategies as pivotal drivers of growth. Solutions such as Hyperexponential's hx renew are attempting to redefine this space, enabling effective pricing strategies and take ownership of the market.

The state of reinsurance pricing in 2023 is under scrutiny. With the landscape of risks evolving at an unprecedented pace, reinsurers are facing significant barriers to optimally underwriting risks. A staggering 70% of underwriters acknowledge that this rapidly changing environment presents the greatest challenge to their ability to underwrite risks effectively.

Conduit Re, based in Bermuda, and hyperexponential, a leading pricing decision intelligence (PDI) firm, have embarked on a transformative partnership.

The Lloyd’s 'Principles of Doing Business', launched in 2022, is a comprehensive 156-page framework designed to guide managing agents on the standards of excellence across different facets of insurance - from pricing and underwriting to governance and culture. Yet, with its length and detail, it isn't light reading.

Understanding and effectively applying pricing decision intelligence is pivotal in improving profitability for insurers. Despite its significance, the industry grapples with successfully transforming their...

Digital transformations have spurred exponential profitability across various sectors including ridesharing, retail, banking, and travel. However, according to hyperexponential, despite being a data-rich sector, the insurance industry has been slower in achieving this level of growth.

hyperexponential (hx), a SaaS pricing platform for insurers, has partnered with Canopius, a global specialty (re)insurer.

Lloyd’s recently released a 156 page document titled ‘Principles of Doing Business’, which outlines the responsibilities of all managing agents. To help companies quickly digest this and ensure they stay compliant, hyperexponential has released a report summarising the key takeaways.

Qatar-based insurance organisation QIC Global has partnered with hyperexponential, a SaaS pricing platform for insurers. Within the first 100 days of using the technology, QIC Global has experienced a four-times reduction in time to adjust models.