Send & hyperexponential announce integration to enable seamlessly connected pricing workflow for insurers
5 minutes
11 June 2024 – Send and hyperexponential are thrilled to announce a partnership that integrates their cutting-edge technologies, providing a comprehensive pricing ecosystem for insurers. This collaboration allows users of hyperexponential’s pricing decision intelligence platform, hx Renew, to seamlessly connect with Send’s leading Underwriting Workbench capabilities.
Both software providers have an in-depth understanding of underwriters and their unique requirements and have developed highly relevant products for the Specialty & Commercial sector.
The integration aims to streamline the underwriting and pricing process and enhance efficiency and accuracy for insurers.
Key Benefits of the partnership:
Insurers leveraging the integration will benefit from:
Faster and more accurate responses: The underwriting workflow is enhanced, with the most accurate decision-making to carve out that all-important competitive edge.
Reduced rekeying: This integration significantly reduces the time underwriters spend inputting data into multiple systems–a task that typically consumes nearly half of their working week.
Proven integration: The integration is already validated through live customer use cases with leading insurers.
Andy Moss, CEO and co-founder at Send:
“The emerging insurance ecosystem thrives on partnerships between innovative companies, working together to provide industry-leading solutions for their customers and streamline complex, time-consuming processes. This partnership further enriches our award-winning Underwriting Workbench, giving customers seamless access to hyperexponential’s intelligent pricing models, without having to switch between systems or manually re-key data. We’ve already seen this partnership in action with several global insurance carriers and look forward to helping other insurers reap the benefits.”
Richard Gunn, Chief Revenue Officer at hyperexponential, remarked,
“Our partnership with Send represents our ongoing commitment to offering insurers a best-in-class, deeply interconnected pricing ecosystem. This integration empowers underwriters to achieve greater efficiency and accuracy in their pricing decisions, ultimately driving business success for insurers.”
About Send:
Send is a rapidly growing InsurTech software company based in London with global reach. The company has developed an innovative connected workbench that enables insurers and MGAs to automate, streamline and optimise their underwriting operations. It’s a composable platform that gives teams everything they need to be more productive, in one place – a single platform for managing new business, renewals and endorsements.
The SaaS platform brings complex data out of silos into one solution, providing a consolidated view throughout the lifecycle. Its automation enables new and mature insurers to eliminate rekeying, improve predictability, and work smarter.
About hyperexponential:
The decisions insurers make drive innovation and empower society to outsmart the unknown – unlocking hidden potential in the world. hyperexponential has built the world’s first pricing decision intelligence platform for insurers, hx Renew. It reimagines the flow from data to decision, creating a feedback loop that continuously strengthens the data assets, insights, and decisions of insurers and ultimately their bottom line. Some of the most established insurance brands write over $37bn of premium annually in hx Renew, including Aviva, HDI, and Conduit Re.
hyperexponential is backed by Battery Ventures leads, Andreessen Horowitz (a16z) and Highland Europe. The company is headquartered in London, with an office in Warsaw and an office opening in New York 2024.
https://www.hyperexponential.com