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Unlock more profitable decisions with dynamic rating and transformative risk assessment workflows

With a reliance on awkward data and often constrained by legacy spreadsheet tooling, Commercial and Specialty insurers face painful rating processes. hx Renew reshapes the flow from data to decision, helping you build stronger raters, underwrite risks with greater insight, and improve your combined ratio.

Challenges for insurers

Lack of flexibility and agility

Lack of flexibility and agility

Using cumbersome spreadsheets or outdated legacy systems to build rating tools results in difficulty maintaining or enhancing raters to ensure they are fit for purpose for complex products.

Slow speed to market

Slow speed to market

It can take weeks if not months to deploy or make changes to your raters, which poses a significant challenge while operating in a rapidly evolving market.

Inadequate version control

Inadequate version control

Issues with finding robust solutions that accommodate model versioning requirements in the admitted market, particularly when it comes to deploying proprietary filings within rating systems or handling complex state-level variations.

How hx Renew helps

Accurately rate complex risk

Accurately rate complex risk

  • Build complex and sophisticated rating tools

  • Leverage key data and insights at the point of underwriting

  • Conduct dislocation analysis and run scenario analyses

Streamlining proprietary rate implementation

Streamlining proprietary rate implementation

  • Integrated version control, streamlining your updates in sync with your proprietary rate filings

  • Seamlessly implement state level variations in rating

  • Full audit capabilities to ensure the right rates have been used for the applicable risk

Build, deploy, and refine raters 10x faster

Build, deploy, and refine raters 10x faster

  • Ready-to-use rater templates

  • Self-serve making updates without reliance on IT or third party vendors

  • Build and iterate raters quickly in Python

hyperexponential combines deep industry knowledge and modern software expertise to create a technology firm ideally tuned for the 21st century.

Paul Brand | Co-founder, Convex

One of the challenges of growing a broad, global, multi-platform (re)insurance business is ensuring that legacy systems do not limit our ability to move quickly and respond to new opportunities. hx Renew is a key part of our strategy to ensure our rating capability remains ahead of our competition as we grow and evolve.

David Tribe | Group Head of Pricing - Canopius

We are committed to ensuring value-add rating is a core part of the underwriting process, and it is crucial that we continuously innovate to make that possible whilst harnessing the power of data and new technology. Our partnership with hyperexponential represents a significant investment in elevating our rating capabilities.

Simon Cooper-Williams | Head of Portfolio Development & Support - Markel

Learn more about what hx Renew can do for your business