TLDR:
- Hyperexponential modernizes insurance pricing decisions with an analytical pricing model platform.
- The platform allows users to configure it themselves, connect to various data sources, and support home insurers with unique provisions.
Excel spreadsheets are being replaced by Hyperexponential’s platform, which empowers insurance underwriters with cutting-edge technology to make pricing decisions. The company, founded by Amrit Santhirasenan and Michael Johnson in late 2017, offers a versatile and integrable product that connects to third-party data sources, performs mathematical algorithms, and provides functionalities specifically tailored for the insurance industry. Hyperexponential has gained traction, securing large enterprises as clients and recently receiving $73 million in Series B financing. The platform, designed by a collaboration of technologists and insurance professionals, aims to revolutionize the way underwriting decisions are made in the insurance industry.