Hyperexponential
Hyperexponential is a London-based insurtech that provides an AI-native, Python-based pricing and underwriting decision platform (hx Renew) for commercial P&C insurers, reinsurers, MGAs and US-admitted carriers, processing over $60bn in GWP across 50+ carriers via direct enterprise sales and a certified SI/partner ecosystem.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Hyperexponential does
Hyperexponential is a UK-based (London) insurtech software company that provides an AI-native pricing and underwriting decision platform, branded as hx Renew or the hx platform, for commercial and specialty property and casualty (P&C) insurers, reinsurers, MGAs and US-admitted carriers. The platform unifies four core modules — Submission Triage, Pricing & Rating, Portfolio Intelligence and Decision Engine — on a Python-based rating engine with an Excel-to-Python model converter, governed model lifecycle and pre-built APIs to policy administration systems and data providers. Embedded AI agents (Actuarial Agent, Underwriting Agent and Ingestion Agent) operate within existing underwriting and actuarial workflows to automate submission intake across Excel, PDF, Word, email and image sources, generate pricing code and documentation, and surface risk context and rate feedback in real time. The platform is SOC2 Type 2 and ISO 27001:2022 certified.
The company sells primarily via a quote-based, multi-year enterprise SaaS model, with recurring revenue scaled by number of pricing models, lines of business, underwriters and GWP processed. Go-to-market combines direct enterprise field sales (with dedicated CRO, SVP Sales and 'Book a demo' capture), a certified SI/consulting partner channel (Deloitte, EY, APR Actuarial Solutions, Sollers, Xceedance, Matblas, ValueMomentum) and a deep technology/data integration ecosystem (Duck Creek, Guidewire, Verisk, Moody's, Cytora, SEND, CyberCube, Akur8, Swiss Re, AAIS, Addresscloud). Customer evidence is concentrated in the Lloyd's/London specialty market and North America, with 20+ named customers including Aviva, Markel, Beazley, Convex, Sompo, AEGIS, Canopius, HDI, Apollo, Conduit Re and Banyan Risk, and stated platform scale of $60bn GWP contracted annually and $50B+ GWP processed across 50+ (re)insurers.
Hyperexponential has raised an $18M round in June 2021 (led by Highland Europe) and a $73M round in January 2024 (led by Battery Ventures with Andreessen Horowitz and Highland Europe), and is expanding geographically (US via Duck Creek; Canada via Markel; Bermuda via Banyan Risk) while productising its AI agent suite following the 2025 launch of the Actuarial Agent and the 2026 deployment of the full agentic underwriting suite at MGA Banyan Risk. The company is privately held and founder-led, with CEO and co-founder Amrit Santhirasenan, co-founder Michael Johnson, and a C-suite including a CRO, CPO, CTO/Chief Solutions Officer, COO, Chief Customer Officer and SVP Sales.
Hyperexponential firmographics
Firmographics- Name
- Hyperexponential
- Legal name
- hyperexponential
- Website
- https://hyperexponential.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Hyperexponential is a London-based insurtech that provides an AI-native, Python-based pricing and underwriting decision platform (hx Renew) for commercial P&C insurers, reinsurers, MGAs and US-admitted carriers, processing over $60bn in GWP across 50+ carriers via direct enterprise sales and a certified SI/partner ecosystem.
- Ownership category
- akta.pro rank
Hyperexponential industry classification
Industry- Product category
- Insurance Pricing & Underwriting Software (Insurtech)
- NAICS
- Insurance Carriers (5241), Software Publishers (5132)
- SIC
- Insurance Carriers, Nec (6399), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industry
- Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)
Keywords
Where Hyperexponential is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Hyperexponential business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- hx Renew SaaS subscription: Recurring SaaS revenue from licensing the hx Renew pricing and underwriting decision platform to commercial P&C insurers, with usage scaling with the number of pricing models, lines of business, underwriters, and GWP processed (e.g., $60bn GWP contracted on the platform annually, $50B+ GWP processed across 50+ (re)insurers).
- Implementation & onboarding services (via partner ecosystem): Professional services revenue delivered primarily through certified SI/consulting partners (Deloitte, EY, APR Actuarial Solutions, Sollers, Xceedance, Matblas, ValueMomentum) who deliver pricing transformation projects, model migration, and ongoing support.
- Partner-driven technology & data integrations: Revenue enabled by deep co-development and OEM-style integrations with policy admin systems (Duck Creek, Guidewire), data providers (Verisk, Moody's, CyberCube, Akur8, Cytora, Addresscloud, AAIS), underwriting workbenches (SEND), and reinsurance platforms (Swiss Re), creating upsell pathways and joint go-to-market.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Quote-based enterprise SaaS — pricing available only via demo and sales conversation. |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels8 records
Hyperexponential product offering
Product offeringCore offering
Hyperexponential sells an AI-native, API-first pricing and underwriting decision platform (hx Renew / hx Platform) for commercial P&C insurers. The platform unifies four core modules — Submission Triage, Pricing & Rating, Portfolio Intelligence, and Decision Engine — and embeds AI agents (Actuarial, Underwriting, Ingestion) directly into underwriter workflows. It is sold as multi-year quote-based enterprise SaaS with usage scaling by models, lines of business, underwriters and GWP processed; $60bn GWP is contracted on the platform annually across 50+ (re)insurers.
Product overview
Hyperexponential (hx) operates a single AI-native platform with a platform-plus-modules architecture for commercial P&C insurance pricing and underwriting. The unified hx platform is built around four core modules: Submission Triage (AI-powered submission intake and risk appetite routing), Pricing & Rating (actuarial pricing combined with the Underwriting Agent), Portfolio Intelligence (real-time batch rating and optimization), and Decision Engine (Python-based rating logic with AI-assisted modeling and Excel-to-Python conversion). These core modules are complemented by a suite of embedded AI agents — Actuarial Agent, Underwriting Agent, and Ingestion Agent — that operate within underwriter workflows. The legacy product name hx Renew (referenced in customer wins including Aviva, Markel, Duck Creek Technologies, and Banyan Risk) has been subsumed into the broader AI-native hx platform, which processes over $60bn GWP annually across 50+ (re)insurers and is SOC2 Type 2 and ISO 27001:2022 certified.
Differentiator
Problem solved
Functional benefit
Brands
- hx Renew: SaaS pricing and underwriting platform for commercial P&C insurance, serving as the company's flagship product offering.
Products and services
- hx Platform (formerly hx Renew) AI-native, API-first SaaS pricing and underwriting decision platform for commercial P&C insurers, unifying Submission Triage, Pricing & Rating, Portfolio Intelligence and the Decision Engine into one connected workflow with embedded AI agents (Actuarial, Underwriting, Ingestion) and pre-built integrations to Duck Creek, Guidewire, Verisk, Moody's, SEND, Cytora, CyberCube, Akur8, Swiss Re, AAIS and Addresscloud.
Quantifiable outcome
- 75% drop in model build time (Aviva GCS)
- +10 more outcomes
Companies that use Hyperexponential
Customer profileNamed customers20 records
Segments7 records
Ideal customer profiles4 records
Hyperexponential technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability13 records
Feature8 records
Hyperexponential partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered flagship (us market expansion vehicle), flagship (enterprise reference customer + co-development), core (flagship mga reference), flagship (flagship customer + ai beta co-developer), flagship (large si with offshore delivery), flagship (global si with onshore/offshore delivery), core (pas integration), core (data/analytics integration), core (us admitted market), core, core (data enrichment), flagship (long-standing partner since 2018) and core (reinsurance integration).
- Duck Creek Technologiesflagship (us market expansion vehicle)Strategic partnership to deliver an integrated solution connecting pricing, underwriting, and policy administration for P&C insurers. The partnership marks hx's expansion into the US market, with plans to develop a 'Duck Creek Anywhere Enabled Integration' for hx Renew that will enable seamless data flow for optimal pricing decisions. The integration is expected to go live later in 2025.
- Markel International / Markel Canada (Markel Group)flagship (enterprise reference customer + co-development)Partnership to modernize rating, underwriting workflows, and integration architecture across Markel's Canadian business. Markel Canada launched a purpose-built Environmental rating capability on hx's AI-native platform — a centralised rating layer that shifts from fragmented, transactional pricing to a connected underwriting experience, positioning Markel Canada toward future AI-native underwriting workflows.
- Banyan Riskcore (flagship mga reference)Partnership to deploy hx's full agentic underwriting suite — the first such deployment for an MGA across the US, UK, Canada, and Bermuda. The platform enables Banyan to enhance pricing, decision-making and operational efficiency while supporting expansion into new markets and lines of business.
- Avivaflagship (flagship customer + ai beta co-developer)Aviva joined hx's AI beta programme to test the newly launched Actuarial Agent within hx Renew over six months. Aviva's commercial underwriting office is exploring how AI-driven tools can increase pricing sophistication, streamline underwriting workflows, and unlock digital opportunities for its Global, Corporate & Specialty clients and brokers. Aviva runs 23 live models across a wide range of commercial lines on the platform.
- Deloitteflagship (large si with offshore delivery)Deloitte has a dedicated Product and Underwriting Excellence practice with a skilled team specifically trained on the hx Renew platform — with experience in successful quick delivery of pricing platforms to the market, supported by scalable offshore capabilities.
- EYflagship (global si with onshore/offshore delivery)EY's team has put hx at the core of assisting clients with complete pricing transformation, enabling clients to achieve leading market pricing frameworks. EY has trained teams in London, New York, and offshore to support international implementations.
- Guidewirecore (pas integration)Guidewire PartnerConnect integration partner. Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently, used by more than 450 insurers — from new ventures to the largest and most complex in the world. hx integrates with Guidewire via pre-built APIs.
- Veriskcore (data/analytics integration)Verisk is a leading strategic data analytics and technology partner to the global insurance industry, providing advanced data analytics, software, scientific research and deep industry knowledge used to strengthen operating efficiency, improve underwriting and claims outcomes, and combat fraud. Integrated into hx for pricing and underwriting.
- AAIS (American Association of Insurance Services)core (us admitted market)AAIS is the only national not-for-profit advisory organization serving the P&C insurance industry, providing policy forms, rating guidance, and data solutions to support US-admitted carriers with a consultative, unbiased approach.
- Sollers ConsultingcoreSollers Consulting is a global IT consulting company assisting financial sector organisations, primarily insurance companies, in developing industry-leading operations.
- MatblascoreMatblas is a specialist pricing and underwriting management consultancy that works with clients to create consistency and efficiency in their underwriting and pricing workflows — processes that once took five days to complete have been streamlined to a few hours.
- XceedancecoreDedicated Actuarial team and product & underwriting excellence team at Xceedance — comprised of highly skilled hx-certified professionals — lead pricing transformation with precision. Deep industry expertise, programming skills and a global delivery model are used to integrate data and systems for long-term client success.
- SEND (Send Underwriting Workbench)coreSend Underwriting Workbench is a one-stop desktop for underwriters offering data, documentation, and decision points all in one place. Helps commercial and specialty insurers drive greater efficiency, control and effectiveness from submission to bind and beyond.
- CytoracoreCytora is a configurable platform that enables commercial insurers to process risks at greater efficiency and accuracy. Cytora digitises every incoming risk, augments with additional data sources, evaluates against multiple rules (including appetite and priority rules), and routes to downstream systems for automated or manual underwriting.
- CyberCubecoreCyberCube delivers the world's leading cyber risk analytics for the insurance industry. Cloud-based platform with best-in-class data access and advanced multi-disciplinary analytics helps insurance organisations quantify cyber risk for placing insurance, underwriting and managing cyber risk aggregation.
- Moody'score (data enrichment)Moody's provides comprehensive data and advanced analytics to help insurers decode complex risks. Moody's name matching and data enrichment streamlines the underwriting process and supports stronger pricing decisions, with comprehensive firmographic data on 525 million public and private entities worldwide, plus ownership structure and credit risk indicators.
- APR Actuarial Solutionsflagship (long-standing partner since 2018)Long-standing hyperexponential systems integration partner with extensive experience supporting clients across their pricing transformations, having worked closely with hx since as early as 2018. Broad team of highly skilled and expertly trained developers with combined actuarial and technical backgrounds; provides consulting, secondment, and ongoing support for hx platform clients.
- Swiss Re Reinsurance Solutionscore (reinsurance integration)Swiss Re Reinsurance Solutions offers a suite of tools and services spanning the entire insurance value chain — bespoke consulting, leading software solutions, and advanced data and insight capabilities. Integrated with hx via the CatNet® and hx Renew integration (announced on the hyperexponential blog).
- ValueMomentumcoreValueMomentum specialises in delivering impactful change across the P&C value stream. For more than 25 years they have empowered carriers to reimagine their businesses with AI and emerging technologies, navigate market shifts, unlock speed to value, and become future-ready.
Scale indicators11 records
Recent moves7 records
Expansion highlights7 records
Hyperexponential competitors and assessment
Company assessmentDirect peers
- Earnix: Earnix is a pricing and personalization platform for P&C and life insurers, providing AI-driven rating, price optimization and customer analytics. It is the closest direct competitor to hx Renew for commercial lines pricing engines, competing head-to-head with the Decision Engine and Pricing & Rating modules.
- Akur8: Akur8 automates technical and commercial premium modelling for non-life insurance pricing, claiming 10x modelling time reduction and 2-4% loss ratio improvements. Although listed as an hx integration partner, it directly competes with hx on the actuarial model-building workflow for specialty and commercial carriers.
- Shift Technology: Shift Technology provides AI-native decisioning for the insurance industry across claims, fraud, and underwriting. Its AI underwriting suite competes with hx's Submission Triage and Underwriting Agent for commercial P&C carriers, particularly in submission intake and risk scoring.
- Planck: Planck is an AI-driven data platform for commercial insurance that automates underwriting workflows from submission to quote. It overlaps with hx's Submission Triage and Pricing & Rating modules by extracting, validating and enriching submission data for commercial P&C underwriters.
- Cytora: Cytora is a configurable AI platform that digitises incoming commercial risks, augments with data sources, applies appetite/priority rules and routes to downstream systems. Although an hx partner, Cytora directly competes with the Submission Triage module in commercial submission intake and triage.
- Federato: Federato offers an AI underwriting platform purpose-built for P&C carriers and MGAs, focused on portfolio steering, submission triage and risk selection. It overlaps with hx's Submission Triage, Portfolio Intelligence and Underwriting Agent capabilities for commercial and specialty lines.
- Chisel AI: Chisel AI (now part of the Chisel group) provides AI-powered submission intake and policy checking for commercial insurance, with NLP capabilities for unstructured document extraction. It competes with hx's Submission Triage and Ingestion Agent for commercial P&C submission workflows.
Broad incumbents
- Verisk: Verisk is a leading strategic data analytics and technology provider to global insurance, with deep analytics, ISO circulars and form/rating data products. While it is an hx integration partner, Verisk's industry-standard data assets could be extended to compete with hx's pricing and underwriting workflows at large incumbents.
- Guidewire: Guidewire is the dominant P&C policy administration system, used by more than 450 insurers, and an hx integration partner. As Guidewire continues to embed AI-driven pricing and underwriting capabilities into its PAS, it represents the most strategically significant broad incumbent that could absorb parts of hx's value proposition.
- Duck Creek Technologies: Duck Creek Technologies is a major P&C insurance core systems vendor that announced a strategic partnership with hx in 2026 to integrate hx Renew into its 'Duck Creek Anywhere' ecosystem. As a PAS incumbent and channel partner, Duck Creek simultaneously expands hx's US distribution and creates overlap risk if it extends into native AI pricing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights8 records
Customer concentration
Hyperexponential social profiles
Digital presenceHyperexponential compliance and trust
Trust signalCompliance3 records
Hyperexponential financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hyperexponential leadership team
Management profileNumber of profiles
Profiles13 records
Hyperexponential funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hyperexponential M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hyperexponential
What does Hyperexponential do?
Hyperexponential sells an AI-native, API-first pricing and underwriting decision platform (hx Renew / hx Platform) for commercial P&C insurers. The platform unifies four core modules — Submission Triage, Pricing & Rating, Portfolio Intelligence, and Decision Engine — and embeds AI agents (Actuarial, Underwriting, Ingestion) directly into underwriter workflows. It is sold as multi-year quote-based enterprise SaaS with usage scaling by models, lines of business, underwriters and GWP processed; $60bn GWP is contracted on the platform annually across 50+ (re)insurers.
Is Hyperexponential a public or private company?
Hyperexponential is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hyperexponential founded?
Hyperexponential was founded in 2018. It employs 251 to 500 people.
Where is Hyperexponential based?
Hyperexponential is headquartered in London, United Kingdom, in the Europe region.
How does Hyperexponential make money?
Three revenue lines are on record. hx Renew SaaS subscription is the primary driver. The others are implementation & onboarding services (via partner ecosystem) and partner-driven technology & data integrations.
Who are Hyperexponential's main competitors?
Direct peers on record are Earnix, Akur8, Shift Technology, Planck, Cytora, Federato and Chisel AI. Broad incumbents are Verisk, Guidewire and Duck Creek Technologies.
Does Hyperexponential have an API?
Yes. Hyperexponential offers an API-first platform with public/partner-facing APIs that allow developers to integrate the hx platform with workbenches, policy administration systems (PAS), broker portals, data warehouses, and third-party data providers. APIs support trigger and retrieval of batch rating model runs, integration with PAS systems, and connectivity to third-party data sources. The platform is built on a Python-based rating engine and exposes open, well-documented APIs for core modernization, embedding pricing and underwriting microservices into existing architectures. Proven with 50+ (re)insurers and $50B+ GWP processed. Authentication, rate limits, versioning, and sandbox availability are not specified in the source materials. Developer documentation is at www.hyperexponential.com.
What industry is Hyperexponential in?
Hyperexponential's product category is Insurance Pricing & Underwriting Software (Insurtech). Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAK, Document, Workflow & Policy Servicing Automation (RPA/No-Code). Its NAICS code is 5241 and its SIC code is 6399.