Hyperexponential has launched an innovative reinsurance pricing model designed to drastically reduce development time for treaty models by as much as 80%. This new model caters specifically to treaty reinsurance, including excess of loss (XoL) structures.
As part of Hyperexponential’s strategic expansion into the reinsurance sector, the model aims to simplify the typically lengthy and complex process of building customized pricing models. Developed in collaboration with Deloitte and leading global reinsurers, the model is built for scalability, making it suitable for both small and large treaty portfolios. It is set to be available later this month via Hyperexponential’s hx Renew platform.
The new solution offers reinsurers a flexible template, allowing them to rapidly create tailored pricing models. It also incorporates advanced data analytics, real-time reporting, and comprehensive portfolio analysis, all integrated through the hx Renew platform. With over $45 billion in gross written premiums processed annually, hx Renew helps reinsurers accurately price complex risks while enhancing overall portfolio management.
Beyond accelerated model development, hx Renew offers advanced data capabilities and analytics tools that enable reinsurers to perform detailed analyses and make data-driven decisions. Hyperexponential reports that the platform has already contributed to a 1-2% improvement in loss ratios for its existing clients.
This latest development underscores Hyperexponential’s commitment to leveraging cutting-edge technology to drive efficiency and effectiveness in the reinsurance market.
