We’ve reimagined the actuarial pricing system from the ground up. By combining actuarial knowledge and technical expertise, we’ve targeted the issues you face day-to-day. The result is Renew - a web-based SaaS platform that’s custom-built for the small, sparse and fragmented datasets that dominate the working life of our clients.
A first for the industry, Renew empowers your team by making it simple for anyone to build and adapt models quickly. It automates non-core but essential activities and brings actuaries and underwriters closer together. Super-fast and agile, it puts best practice pricing and modelling at your fingertips so you can focus on analysis and being your most productive self.
Built with open source technology, our system is user-friendly. With minimal training, even your least tech-savvy people can build and update models, in hours rather than weeks.
Automation of everything from formatting to deployment to the web means you can move as fast as your risks and market. And you can adapt things as you go so you always have the optimum system for your business.
By creating a seamless connection between actuarial and underwriting teams, Renew promotes the dialogue you need to achieve really effective pricing. It also enables an iterative approach so it can evolve with your needs over time.
Working closely with you and our specialist partners, we will seamlessly integrate our software into your actuarial and underwriting workflow. And our ongoing support ensures everything runs smoothly from launch day onwards.
Build your own pricing models using open-source languages Python and React within our custom-built integrated development environment.
Your team will love working with Renew and will be building and deploying models in no time
It will transform the way you collaborate as a team and with underwriters
Usage rates will go up and costs will go down, as will your technology risk
Smarter modelling informing your pricing will have an immediate impact on your top and bottom line
Using cutting-edge technology will reflect well on your business and your brand
Renew will help you attract and retain the best talent for your team
You’ll be futureproofed because we constantly evolve our software and service
As a Renew user, you can also tap into Renew Connect – our ecosystem of data, insight and systems partners. This partnership scheme gives you plug and play access to the best solutions, from enriched data streams to complete workflow platforms or finance and claim services. All backed by a community that’s there to deliver as much support as you need while you integrate and refine your pricing model set-up.
“hx are a dynamic and agile company whose leadership have strong domain knowledge of both specialty insurance and technology. Working with them is enabling us to quickly facilitate better underwriting decisions.”
Sarah Brooks, Portfolio Optimisation, Convex