How hyperexponential Is Reshaping Insurance Risk Assessment With Advanced Pricing Tools

The insurance industry faces unprecedented challenges as climate events, geopolitical tensions, and emerging cyber threats intensify global risks. Traditional pricing methodologies are proving inadequate for this rapidly evolving landscape. Enter hyperexponential, a London-based software company that has developed the hx Renew platform—a pricing decision intelligence solution designed to revolutionize how insurers evaluate and price risk.

The Market Opportunity

The global property-casualty insurance sector manages trillions of dollars in annual premiums and remains critically dependent on accurate risk assessment. Yet many carriers still rely on legacy systems and spreadsheet-based models that struggle to incorporate real-time data and advanced analytical techniques. This operational gap represents both a challenge and an opportunity for modernization. Insurers processing diverse datasets—from climate patterns to emerging threats—require tools that can integrate alternative data sources, build sophisticated models rapidly, and enable data-informed decisions across portfolios.

hyperexponential’s Platform Gains Traction

The company has made remarkable progress since its Series A funding in 2021. With sales growth accelerating 10-fold while maintaining profitability, hyperexponential has attracted major insurance brands. Industry leaders including Aviva, HDI, and Conduit Re have adopted the hx Renew platform to enhance their competitive positioning. Aviva’s Global Commercial and Specialty division exemplifies this momentum—their team constructed 20 pricing models within 9 months using the platform, simultaneously unlocking machine learning capabilities and accelerating decision-making processes.

Fresh Capital Powers Global Expansion

hyperexponential has secured $73 million in Series B funding to accelerate its growth trajectory. Battery Ventures led the financing round, with prominent participation from Andreessen Horowitz (a16z) and increased investment from existing backer Highland Europe. This capital infusion will fuel the company’s strategic entry into the United States market, with plans to establish a New York headquarters this year.

The leadership team brings substantial credibility to the investor group. Battery Ventures’ Marcus Ryu, co-founder and former CEO of Guidewire Software (a major insurtech platform), joins hyperexponential’s board as director. Angela Strange, general partner at a16z, also assumes a board seat, bringing deep venture capital expertise in enterprise software.

Scaling the Team and Vision

hyperexponential intends to double its global workforce to over 200 employees within the next year. Beyond geographic expansion, the company is targeting adjacent insurance segments, including the SME insurance market, where modernized pricing tools can unlock significant value.

The company operates from a position of financial strength—its cash reserves already exceed total capital raised to date. The Series B funding reflects confidence in the team’s vision rather than necessity, allowing hyperexponential to invest deliberately in market expertise and emerging opportunities while maintaining its efficient, sustainable business model.