hyperexponential (hx), a technology provider specialising in AI-native pricing and underwriting solutions for commercial insurers, has extended its partnership with Allianz Commercial as part of the insurer’s ongoing multi-year pricing and underwriting modernisation programme.
According to hyperexponential, its platform has now been implemented across Allianz Commercial’s key lines of business, with 13 pricing tools delivered within a 13-week timeframe.
The company said the rollout has broadened pricing tool coverage across Allianz Commercial’s core portfolio and demonstrates the efficiency gains that can be achieved through modern pricing infrastructure.
hyperexponential stated that 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 underwriting organisations, described its work with Allianz Commercial as a major transformation initiative within 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 has given us the platform and agility to take control of our pricing tools, iterate rapidly, and respond to customers and market conditions with confidence. Delivering 13 tools in 13 weeks demonstrates what’s possible when you build on modern infrastructure designed for actuarial workflows.”
“This collaboration has demonstrated fast and effective delivery for our pricing transformation, an integral aspect of our broader strategies to materially improve the technologies and operations supporting our underwriting teams. By standardising the hx platform and embedding it into our commercial infrastructure, we’re creating a scalable foundation that empowers our teams to move faster while maintaining the governance and control standards our business requires,” added Jon-Paul Jones, Chief Operating Officer at Allianz Commercial.
hyperexponential added that the implementation establishes a consistent pricing framework that can be expanded across Allianz Commercial’s international operations while maintaining governance and oversight requirements.
“Allianz Commercial has set an incredibly ambitious agenda for pricing and underwriting transformation, and the pace at which their teams have turned that vision into reality speaks for itself. We’re committed to supporting that momentum as they scale across their global operations,” said Amrit Santhirasenan, CEO and co-founder of hyperexponential.
