Insurtech hyperexponential (hx), a London-based insurtech, has launched hx AI, a set of AI-powered tools aimed at improving pricing, actuarial, and underwriting processes. The announcement was made at the company’s first AI-focused event in London.
hx AI introduces tools designed to raise insurer efficiency and support decision-making through automation and better use of fragmented data.
One key feature is the Data Ingestion Library, which lets underwriters automate data intake, preview and validate inputs, and directly map them into pricing models—cutting down on manual work.
The platform also includes a Virtual Actuarial Assistant. This tool offers real-time programming support and automates repetitive tasks, helping actuaries build models more quickly and improve their learning curve.
The launch marks a shift in hyperexponential’s focus, with greater emphasis on analytical capabilities that support margin discovery in complex lines.
CEO and Co-founder Amrit Santhirasenan said hx AI accelerates large-scale digital projects and allows users to capture value immediately.
AI is fundamentally transforming the pace and potential of large-scale digital transformation projects. hx AI brings this to our client base, and allows them to realise the benefits immediately.
Amrit Santhirasenan, hyperexponential’s CEO and Co-founder
“Work like pricing model builds, which once took weeks or even months, can now be completed in minutes with hx AI. While our free Data Ingestion Library adds advanced automated document extraction and analysis capability to any pricing model, saving our clients time and money, and freeing up their precious time to focus on the value-adding work,” Amrit Santhirasenan said.
Santhirasenan added that hx works closely with clients to turn data and expertise into competitive advantage. He called AI an opportunity to push that mission further.
Our approach at hx has always been to partner closely with our customers, using technology to turn their data, insights and expertise into tangible competitive advantages.
“AI takes this to a completely new level, with unbounded potential. I’m personally incredibly excited to support our customers on this transformative journey.”
The event brought together industry professionals to discuss AI’s role in pricing and underwriting, with a focus on processing unstructured data and refining workflows.
Insurtech hyperexponential has raised a total of $91mn across two funding rounds.
- In June 2021, the company secured $18mn in a Series A round led by Highland Europe.
- In December 2023, it closed a $73mn Series B round led by Battery Ventures, with participation from Andreessen Horowitz and Highland Europe.
The latest funding supports the company’s expansion into the US market, including the opening of a New York office and plans to double its team size.
hyperexponential also intends to develop its product line to serve adjacent insurance markets such as SME insurance.
Since the company’s Series A in 2021, hyperexponential has grown sales 10x while staying profitable, serving some of the world’s largest insurers, including Aviva, HDI, and Conduit Re.
This latest round of financing will support hyperexponential’s expansion into the United States, as it targets opening its New York office this year.
It will also enable increased investment in new product capabilities to serve growing client demand in adjacent insurance markets, including the SME insurance sector. The company plans to double its global team to over 200 in the next year.
