hyperexponential expands hx Connect, welcoming Addresscloud on board


2 minutes

hyperexponential is on a mission to build a best-of-breed tech ecosystem for the insurance market. hx Connect offers seamless integrations for data insights, workflow management or pricing. This month we’re highlighting Addresscloud, whose detailed property data can be used to assess flood, fire or a whole host of other property related risk. This information is available directly in the Renew platform, reducing the tedious administrative work and errors which can be made by switching between platforms.

As we find ourselves falling into a second lockdown rhythm, it seems almost unnatural to think back on the times of packed events and conferences which formed a normal part of working life. However, it was at the InsTech London annual conference (taking part in that great British tradition of queueing for the bar) that hx first met Addresscloud. Both of our respective companies are committed to reducing unnecessary administrative work within the insurance industry. In the case of Addresscloud, they achieve this by bringing important geocoding data into one powerful search tool. Given our shared values, a collaboration for Renew Connect was inevitable.

Addresscloud’s geocoder has been built from the ground up using the latest fuzzy search technology to deliver high match rates at lightning-fast speeds and is trusted by leading insurers including RSA and Brit. Underwriters can choose to focus on one address, or build risk profiles which can be saved in Renew to reduce work later. Their technology combines high quality commercial and open datasets from major property listings and surveyors with an advanced geospatial algorithm to ‘fill the gaps’. As a further layer of security, they work with trusted names including JBA, BGS and Anchorpoint, combined with open datasets from the Environment Agency, Land Registry, Ordnance Survey and USGS to provide a detailed accurate risk assessment at address, building or site level.

“We have been very impressed with the hx Connect platform and are excited to be able to offer our mutual customers access to high quality geocoding and a comprehensive set of property and perils data directly into the pricing workflow. Addresscloud and hyperexponential are both forward thinking agile organisations with deep insurance expertise and a proven track record of delivery to top tier insurers”

Mark Varley, Founder & CEO, Addresscloud

If you are interested in learning more about the Addresscloud platform you can contact hello@addresscloud.com and the team will be in contact to arrange an introduction call to learn more about your requirements. They can also provide an API key for use in the Renew Connect platform.

If you are not a Renew client and you are interested in a demo of how our powerful integration capabilities can assist your business, please contact hello@hyperexponential.com and we will arrange a session.

This integration is one of many partners available within Renew Connect.