Markel Insurance is rolling out pricing software from Hyperexponential, as it builds on its company-wide digital transformation programme.

This part of the project will see the insurer deploy Hyperexponential’s hx Renew to build and launch a number of pricing models, focusing this year on selected primary casualty and professional products.

Commenting on the collaboration, Amrit Santhirasenan, CEO and co-founder of Hyperexponential, said: “We’re excited to be working with Markel’s US and Bermuda operations to support its ambitious transformation programme in the US – a priority market for hx and one we’ve made positive inroads into this year.

Guenter Kryszon, chief underwriting officer, US and Bermuda at Markel, added: “Our decision to work with Hyperexponential is rooted in a need for flexibility, speed and alignment with our existing analytical workflows…This is a foundational step forward in delivering value faster to our business and our customers.”

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