Company Research Report on hyperexponential

Company Overview

Name, Mission of the Company

Company Name: hyperexponential

Mission: To transform the insurance industry through the power of decision intelligence, enabling better pricing decisions by turning small, sparse, or fragmented data into strategic insights that continuously improve with every decision.

Founding Details

Founded By: Amrit Santhirasenan and Michael Johnson

Founding Year: No information is available.

Key People in the Company

Amrit Santhirasenan: Co-founder and CEO

Michael Johnson: Co-founder

Richard Gunn: Chief Revenue Officer

Emma Kelly: Chief Operating Officer

Noel Sequeira: VP of Product & Design

Location & Financials

Headquarters: No specific information is available.

Number of Employees: No information is available.

Revenue of the Company: No information is available.

Expertise and Recognition

Known For: hyperexponential is recognized for its innovative decision intelligence platform, hx Renew, designed for intelligent pricing in the insurance sector.

Industry Recognition: Featured in Insurtech 100 lists, including Sonr Insurtech 100 and FinTech Global Insurtech 100.

Products

hx Renew

Description: A pricing decision intelligence platform for insurers, hx Renew enables the automation of key processes, strategic insight generation, and the accumulation of a coherent data asset that improves decisions over time.

Key Features:

Agility: Models are built and deployed 10x faster in native Python with easy scalability.

Connectivity: Integrates underwriting workflow, reducing submission-to-bind time by 50%.

Proficiency: Allows for real-time portfolio insights, what-if analyses, and management information generation.

Infrastructure: Secure, scalable, ISO 27001 certified, with dedicated enterprise support.

Notable Clients

Leading insurers such as Convex, Canopius, AEGIS, Aviva, Rising Edge, and Optio Group utilize hx Renew globally.

Recent Developments

Product Launches and Enhancements

New Features Added: No specific recent product launches or new features mentioned.

Partnerships

Recent Partnerships:

Integration with Akur8 for data-driven specialty pricing.

Partnership with Convex, endorsed by industry leaders for advanced capabilities in data integration and underwriting transformation.

Strategic Expansion

Expansion into North America: Confirmed with senior hire Risa Ryan to strengthen market presence.

Financial Developments

Investment: hyperexponential raised $73 million in a Series B funding round to expand its platform.

Industry Recognition

Award: hx Renew was named InsurTech Product of the Year at the Insurance Insider Honours 2023.

Conclusion

This report outlines hyperexponential's significant impact on transforming the insurance pricing landscape with their hx Renew platform. Despite limited financial and logistical data, the company's leadership, innovative product offerings, and strategic partnerships underscore its recognized role as a leader in pricing decision intelligence within the insurance industry.