hyperexponential, a specialist digital pricing platform for global (re)insurers, has found that while technological advancements have opened up significant opportunities, issues with the wider ecosystem and outdated networks are hindering innovation and limiting insurers’ efficiency, profitability, and ability to foster partnerships.
Amrit Santhirasenan, CEO and Co-founder of hyperexponential, commented: “The insurance industry is increasingly playing catch-up when it comes to technological transformation, with other large legacy tech-dependent sectors showing that successful digital projects can be delivered far quicker.
“The message from both actuaries and underwriters is clear. They want to see significant operational improvements. Manual tasks like data cleansing and rekeying can be alleviated with the right pricing technology and rich data sets."
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Software Consultant
1wVery inspiring and well-articulated. We're setting benchmarks for the industry. Thank you Sapan Shah