Aviva and hyperexponential expand partnership
Hyperexponential, a provider of a pricing platform, announced a new phase in its partnership with Aviva, with the insurer leading the vendor’s AI beta program to explore the capabilities of the newly launched Actuarial Agent within hyperexponential Renew.
Over the next six months, Aviva’s commercial underwriting office will work closely with hyperexponential to test and explore how this AI-driven tool can increase pricing sophistication, streamline workflows and unlock new opportunities in digital underwriting.
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 optimizing existing model code.
The insights from this collaboration will help shape the ongoing development of AI within hyperexponential Renew.
“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.” – Karen Dayal, Chief Underwriting Officer for Commercial Lines, at Aviva.
“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.” – Amrit Santhirasenan, CEO and Co-founder of hyperexponential.
