Banyan Risk partners with hyperexponential to power AI-native underwriting across global markets

London, Bermuda, – 26 March 2026 – hyperexponential (hx), the leading pricing and underwriting decision platform for commercial P&C (re)insurance, today announces a new partnership with Banyan Risk, marking the first deployment of hx’s full agentic underwriting suite by an MGA across the US, UK, Canada and Bermuda markets.

Banyan is expanding rapidly into new geographies and lines of business, with a longterm vision to become a global leader in underwriting complex risk. To support this ambition, the hx platform will sit at the heart of Banyan’s underwriting stack – orchestrating pricing, submission, governance and data driven decisioning across multiple systems, including Banyan’s policy administration and data warehouse layers.

Banyan will also be leveraging hyperexponential's full suite of AI products, including Ingestion, Underwriting and Actuarial Agents - positioning Banyan at the frontier of agentic underwriting transformation.

This will allow Banyan’s teams to:

• Scale effectively, by taking advantage of improved and more sophisticated API-driven pricing models

• Embed consistent guidelines, peer review and governance into day-to-day underwriting workflows, driving administrative efficiency while ensuring alignment across markets, and underwriting teams as Banyan grows.

• Leverage captured data to inform evaluations and create continuous feedback loops, bringing together third-party data, internal performance metrics and underwriting judgement in a single pricing and decisioning environment.

• Lay a modern, flexible infrastructure for rating and underwriting workflows, so that new product launches, model changes and data integrations can be delivered quickly and safely.

Radhika Tata, COO at Banyan Risk, commented:

“At Banyan, we’re building an MGA designed for where the market is going, not where it’s been. That means standing up new products, new teams and new geographies quickly – without sacrificing underwriting discipline or governance.

We chose hyperexponential not only because the hx platform gives us a cutting‑edge, flexible backbone for pricing, underwriting and portfolio analytics, but also because of the collaborative, highly professional partnership they bring to the table. The strength of the platform also lies in its ability to seamlessly connect third‑party data, our policy administration system, and our data warehouse into a single environment, so underwriters can move faster, collaborate more easily, and combine human expert judgement with AI-driven insight to make better decisions.

As we expand into more lines of business, hx will help us scale our underwriting models, keep our guidelines aligned across markets, and continuously learn from the performance of the portfolio.”

Richard Gunn, US President at hyperexponential, added:

“Banyan Risk represents exactly the kind of forward-thinking MGA we’re seeing emerge across the US and Bermuda markets - ambitious teams building modern underwriting businesses from the ground up, with AI native capabilities at the centre of their operating model.

What impressed us most about Banyan is the clarity of their vision: scaling across multiple geographies and lines of business while maintaining the underwriting discipline and governance that complex risk demands - indexing on speed as well as profitability.

By building on the hx platform, they’re putting the right decision infrastructure and AI capabilities in place early - giving their teams the ability to launch new products quickly, evolve their pricing models, and make better portfolio decisions that drive underwriting outcomes.

We’re proud to support Banyan as they expand internationally and continue building a differentiated MGA platform for the future.”

The partnership reflects hyperexponential's continued investment in the US and Bermuda markets, where the company has seen significant growth among carriers and MGAs over the past 12 months.

About Banyan Risk

Banyan Risk Ltd. is a specialty insurance Managing General Agent (MGA) based in Bermuda and regulated by the Bermuda Monetary Authority. Banyan has subsidiaries in Canada, the United States, and the U.K. servicing the specific needs of those markets through local talent, licenses and insurer partners. Banyan brings together deep underwriting expertise and a modern, data-driven approach to build bespoke solutions for complex casualty, professional and property risks across the globe. With an ambitious roadmap for new products and lines of business, Banyan is focused on delivering best-in-class underwriting, strong capacity partnerships and longterm value for clients and brokers.

About hyperexponential

hyperexponential provide the leading pricing and underwriting platform for the global commercial P&C insurance market, powering AI-assisted decisions from triage, to pricing, to portfolio optimization. Trusted by carriers processing over $60bn GWP annually, and backed by Andreessen Horowitz and Battery Ventures, the hx platform enables insurers, reinsurers, and MGAs to reduce time-to-quote, iterate on rating models faster, improve loss ratios and write a more profitable book.