hyperexponential collaborates with Markel Insurance to accelerate pricing transformation across US & Bermuda markets

LONDON, 24^th June 2025 – hyperexponential (hx) today announces a collaboration with Markel Insurance, a global specialty insurance provider. The collaboration builds on hyperexponential’s existing relationship with Markel International, and forms part of a wider transformation initiative to modernise and scale Markel’s pricing capabilities across key lines of business in both the E&S and admitted markets.

This transformation project will see Markel deploy hx Renew to build and launch several sophisticated pricing models by the end of 2025, focusing on selected primary Casualty and Professional products. 

Commenting on the collaboration, Amrit Santhirasenan, CEO and co-founder of hyperexponential, said:

“We’re excited to be working with Markel’s US and Bermuda operations to support its ambitious transformation programme in the US – a priority market for hx, and one we’ve made positive inroads into this year.

“Markel, a company we already work with in the UK, is one of the most respected names in the industry, with a clear vision for innovation and operational excellence. This project deepens that relationship, while showcasing the power of hx Renew to deliver better, faster, AI-enabled pricing decisions.”

Guenter Kryszon, Chief Underwriting Officer, US & Bermuda at Markel, added:

“Our decision to work with hyperexponential is rooted in a need for flexibility, speed and alignment with our existing analytical workflows. hx Renew gives our teams the ability to design and own complex pricing models without compromise, and to adapt them quickly as conditions change.

This is a foundational step forward in delivering value faster to our business and our customers.”

About hyperexponential

hyperexponential are the creators of hx Renew - the industry-leading pricing and underwriting platform helping global re/insurers to drive performance and profitability from their most complex lines of business. By making it possible for actuaries and underwriters to leverage fragmented data sets, quickly build sophisticated pricing tools or raters, and unite all the parties that huddle around a risk, hyperexponential are providing the technical backbone that enables large-scale digital transformation projects across the insurance industry. hyperexponential currently work with over 40 clients, including global market leaders like Aviva, Beazley, Conduit RE and AEGIS, with over $45bn of Gross Written Premium contracted through the hx Renew platform each year.

About Markel Insurance

We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.