London, EC3M 3BY,
United Kingdom
International General Insurance Company UK Technographics
International General Insurance Company UK Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by International General Insurance Company UK and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 120 International General Insurance Company UK employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that International General Insurance Company UK has purchased the following applications: Hyperexponential hx Renew for Insurance Pricing and Rating Engine in 2022 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems International General Insurance Company UK is running and its propensity to invest more and deepen its relationship with Hyperexponential or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing International General Insurance Company UK revenues, which have grown to $78.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for International General Insurance Company UK intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
International General Insurance Company UK Tech Stack and Enterprise Applications
International General Insurance Company UK ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Hyperexponential | Legacy | Hyperexponential hx Renew | Insurance Pricing and Rating Engine | ERP Services and Operations | n/a | 2022 | 2022 |
In 2022, International General Insurance Company UK implemented Hyperexponential hx Renew as its Insurance Pricing and Rating Engine to centralize actuarial pricing and case quoting workflows. The deployment targeted actuarial pricing and underwriting business functions and established a single platform for model development and case pricing.
Configuration work focused on pricing model development and algorithm design across PI, Ports & Terminals, Inwards Reinsurance, Aviation and Financial Institutions lines of business. Hyperexponential hx Renew was configured for case pricing of Inwards Proportional RI treaties for MET, Cyber and Casualty, facultative excess of loss treaty pricing, and large binder quoting, with emphasis on model calibration, scenario testing, and rating algorithm management.
Operational coverage centered on IGI's Greater London actuarial and underwriting teams, with day to day use including portfolio reviews and quarterly performance reviews with senior management. The Hx Renew Actuarial Specialist role executed case pricing workflows, led portfolio analysis across treaty and facultative placements, and provided mentoring to junior analysts while maintaining model governance and documentation within the application.
Governance instituted an actuarial led pricing governance model, incorporating a regular cadence for model updates, structured case sign off between pricing actuaries and underwriters, and quarterly performance review processes. Rollout included on site operationalization of pricing workflows and knowledge transfer activities to embed Hyperexponential hx Renew into IGI pricing and underwriting operations.
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IT Decision Makers and Key Stakeholders at International General Insurance Company UK
Apps Being Evaluated by International General Insurance Company UK Executives
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