Banyan Risk selects hyperexponential to support underwriting expansion

Specialty MGA Banyan Risk has partnered with Hyperexponential  to deploy an AI-driven underwriting and pricing platform across its operations in the US, UK, Canada, and Bermuda.

The platform will sit at the center of Banyan’s underwriting stack, supporting pricing, submission handling, governance, and data-driven decisioning across systems, including policy administration and data infrastructure. Banyan will use hyperexponential’s suite of ingestion, underwriting, and actuarial tools to standardize workflows and improve consistency across markets.

The move aligns with Banyan’s strategy to scale into new geographies and lines of business while maintaining underwriting discipline. The platform enables faster product launches, model updates, and integration of internal and third-party data, with an emphasis on API-driven pricing and feedback loops tied to portfolio performance.

For hyperexponential, the partnership reflects continued traction among MGAs building AI-native underwriting capabilities, particularly in the US and Bermuda markets.