Home›Insurance›Industry & Deals›hyperexponential partners with Novacore to unify 20 sp…

hyperexponential partners with Novacore to unify 20 specialty programmes

The deal is expected to roll out over the coming year, replacing separate systems with a single underwriting platform for admitted, non-admitted, and reinsurance work.

Reported · Written up by our desk · Industry & Deals

hyperexponential, a technology company that provides an agentic underwriting platform, has partnered with Novacore, an independent specialty insurance managing general agent (MGA), to consolidate Novacore’s underwriting programmes onto the platform.

Under the agreement, Novacore will bring all 20 of its specialty programmes, covering areas such as specialty transportation, real estate, alternative risk, social services, and reinsurance, onto hyperexponential’s system to create a centralised view of pricing activity and portfolio performance.

The companies said the implementation is expected to take place over the coming year, with most programmes operational on the platform during that period and the remainder added as the relationship progresses.

Hyperexponential said the move will replace separate systems across individual programmes, giving Novacore teams greater visibility across the wider portfolio and helping them identify issues and assess rate changes without the constraints of maintaining multiple technologies, while Novacore said the setup supports scaling and sharper pricing.

More like this

Sources