hyperexponential and Aviva Partner to Explore AI in London Market Pricing
4 minutes
Over six months, Aviva’s commercial underwriting office will test AI-driven tools to support its Global, Corporate & Specialty (GCS) clients and brokers.
· Aviva joins hx’s AI beta programme to leverage and refine capability of AI product suite
· The collaboration aims to enhance pricing sophistication, streamline underwriting workflows and unlock digital opportunities.
· Over six months, Aviva’s commercial underwriting office will test AI-driven tools to support its Global, Corporate & Specialty (GCS) clients and brokers.
· The initiative reinforces Aviva’s leadership in London Market pricing innovation.
hyperexponential (hx) today announces a new phase in its strategic partnership with Aviva, with the insurer leading hx’s AI beta programme to explore the capabilities of the newly launched Actuarial Agent within hx Renew.
Over the next six months, Aviva’s commercial underwriting office will work closely with hx to test and explore how this AI-driven tool can increase pricing sophistication, streamline workflows and unlock new opportunities in digital underwriting, maximising benefits for its Global, Corporate & Specialty (GCS) clients and brokers.
The Actuarial Agent will support a range of targeted use cases designed to augment the expertise of Aviva’s underwriters and brokers, such as enhancing pricing tools with new insights and optimising existing model code.
The insights from this collaboration will help shape the ongoing development of AI within hx Renew, ensuring that tools such as the Actuarial Agent and Data Ingestion Library continue to evolve and provide tangible, meaningful value to actuarial and underwriting teams across the insurance industry.
Karen Dayal, Chief Underwriting Officer for Commercial Lines, at Aviva, said:
“We’re pleased to be strengthening our partnership with hyperexponential as we continue to advance our digital underwriting capabilities for our Global, Corporate & Specialty business, reinforcing our leadership in London Market pricing.
“By leveraging hx Renew AI – including the new Actuarial Agent – and a suite of other AI-powered tools, we’ll be evaluating how artificial intelligence can augment the expertise of our underwriters and brokers. This includes enhancing pricing precision, optimising workflows, and supporting smarter, faster decision-making across our GCS portfolio and beyond.
“We’re looking forward to working closely with hx to help shape the future of intelligent underwriting and support Aviva’s ambitions in London Market pricing innovation – ultimately delivering even greater value for our clients and brokers.
Amrit Santhirasenan, CEO and Co-founder of hyperexponential, added:
“It’s hugely meaningful to have such engaged market leaders like Aviva as part of our AI program. Aviva really values the need to innovate and explore what is feasible with data, automation and AI, which makes the process extremely rewarding.
“We're deploying a broad suite of AI-first functionality to give pricing teams access to next-generation capabilities, and this partnership is a crucial step in determining how AI can change the insurance pricing process for the better."
Aviva now runs 23 live models in hx Renew across a wide range of commercial lines, including recent additions such as Political Violence and Terrorism and Legal Indemnities. Aviva was also the first company to directly connect hx Renew with underwriting portal Touchstone, showcasing the platform’s flexibility and interoperability.
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Enquiries:
FTI Consulting
hyperexponential@fticonsulting.com
Tom Blackwell / Alastair Doyle +44 07747 113 919
Aviva
Senior Media Relations Manager
About hyperexponential
hyperexponential are the creators of hx Renew - the AI-powered 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 Aviva
· We are the UK's leading diversified insurer and we operate in the UK, Ireland and Canada. We also have international investments in India and China.
· We help our 20.5 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.
· We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2024, we paid £29.3 billion in claims and benefits to our customers.
· In 2021, we announced our ambition to become Net Zero by 2040, the first major insurance company in the world to do so. While we are working towards our sustainability ambitions, we recognise that while we have control over Aviva’s operations and influence over our supply chain, when it comes to decarbonising the economy in which we operate and invest, Aviva is one part of a far larger global system. Nevertheless, we remain focused on the task and are committed to playing our part in the collective effort to enable the global transition. Find out more about our climate goals at www.aviva.com/sustainability/climate and our sustainability ambition and action at www.aviva.com/sustainability/.
· Aviva is a Living Wage, Living Pension and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at www.aviva.com/about-us/our-people
· As at 31 December 2024, total Group assets under management at Aviva Group were £407 billion and our estimated Solvency II shareholder capital surplus as at 31 March 2025 was £7.6 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
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