hyperexponential (hx), a pricing and underwriting decision platform for commercial P&C re/insurance, has partnered with Banyan Risk, marking the first deployment of hx’s full agentic underwriting suite by an MGA across the US, UK, Canada and Bermuda markets.
The hx platform is expected to now sit at the core of Banyan’s underwriting stack, orchestrating pricing, submissions, governance and data-driven decision-making across multiple systems, including its policy administration and data warehouse layers.
The MGA will also leverage hx’s full suite of AI products, including Ingestion, Underwriting and Actuarial Agents.
This will reportedly enable Banyan’s teams to scale effectively using more sophisticated API-driven pricing models, while embedding consistent guidelines, peer review, and governance into daily underwriting workflows to improve efficiency and alignment as the business grows.
It will also allow them to leverage captured data to inform evaluations and create continuous feedback loops by combining third-party data, internal performance metrics, and underwriting judgment in a unified pricing and decision-making environment, all supported by infrastructure that enables faster and safer delivery of new products, model updates, and data integrations.
Overall, these developments are intended to support Banyan’s continued expansion into new geographies and lines of business, while strengthening its ambition to become a global leader in underwriting complex risk.
Radhika Tata, COO at Banyan Risk, commented, “At Banyan, we’re building an MGA designed for where the market is going, not where it’s been. That means standing up new products, new teams and new geographies quickly – without sacrificing underwriting discipline or governance.
“We chose hyperexponential not only because the hx platform gives us a cutting‑edge, flexible backbone for pricing, underwriting and portfolio analytics, but also because of the collaborative, highly professional partnership they bring to the table.
“The strength of the platform also lies in its ability to seamlessly connect third‑party data, our policy administration system, and our data warehouse into a single environment, so underwriters can move faster, collaborate more easily, and combine human expert judgement with AI-driven insight to make better decisions.
“As we expand into more lines of business, hx will help us scale our underwriting models, keep our guidelines aligned across markets, and continuously learn from the performance of the portfolio.”
Richard Gunn, US President at hyperexponential, added, “Banyan Risk represents exactly the kind of forward-thinking MGA we’re seeing emerge across the US and Bermuda markets – ambitious teams building modern underwriting businesses from the ground up, with AI native capabilities at the centre of their operating model.
“What impressed us most about Banyan is the clarity of their vision: scaling across multiple geographies and lines of business while maintaining the underwriting discipline and governance that complex risk demands – indexing on speed as well as profitability.
“By building on the hx platform, they’re putting the right decision infrastructure and AI capabilities in place early – giving their teams the ability to launch new products quickly, evolve their pricing models, and make better portfolio decisions that drive underwriting outcomes.
We’re proud to support Banyan as they expand internationally and continue building a differentiated MGA platform for the future.”
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