hyperexponential (hx), a technology provider specializing in AI-native pricing and underwriting solutions for commercial insurers, has expanded its partnership with Allianz Commercial as part of the insurer’s ongoing multi-year pricing and underwriting modernization program.
According to hyperexponential, its platform has now been implemented in key business areas of Allianz Commercial and has delivered 13 pricing tools in 13 weeks.
The company said the launch expands the coverage of pricing tools across Allianz Business’s core portfolio and demonstrates the efficiencies that can be achieved through modern pricing infrastructure.
Hyperexponential said commercial insurers are increasingly investing in connected, data-led underwriting and pricing capabilities to support decision-making and operational performance. The company, which works with a range of global insurers and underwriters, described its partnership with Allianz Commercial as a major transformational initiative in the commercial insurance market.
Tim Pitt, chief pricing and portfolio officer at Allianz Commercial, commented: “Speed and precision in pricing are critical to our competitive position in this dynamic and truly international market. Partnering with hyperexponential gives us the platform and agility to control our pricing tools, iterate quickly and respond to customer and market conditions with confidence. Delivering 13 tools in 13 weeks demonstrates what is possible when built on modern infrastructure designed for actuarial workflows.”
Jon-Paul Jones, COO of Allianz Commercial, added: “This partnership is proof that our pricing transformation can be achieved quickly and effectively, and is part of our wider strategy to significantly improve the technology and operations that support our underwriting teams. By standardizing the hx platform and embedding it into our commercial infrastructure, we are creating a scalable foundation that enables our teams to move faster, while maintaining the governance and control standards our business requires.”
Hyperexponential added that the implementation establishes a consistent pricing framework that can be scaled across Allianz Commercial’s international operations while maintaining governance and oversight requirements.
Amrit Santhirasenan, CEO and co-founder of hyperexponential, said: “Allianz Commercial has set an ambitious agenda for pricing and underwriting transformation, and the speed with which their team has turned this vision into reality speaks for itself. We are committed to supporting this momentum as they build scale across their global business.”
