Guidewire has entered into a definitive agreement to buy UK insurance technology business Hyperexponential for up to $2.1bn, comprising a $1.7bn fixed purchase price and a performance-linked portion of up to $400m. Hyperexponential offers AI software to insurers which support underwriting and pricing of challenging commercial risks and pricing.
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The agreement will enhance Guidewire’s AI underwriting technology, combining AI agents and human underwriters to work on risk evaluation, policy creation, and pricing. It is anticipated the AI will help insurers underwrite faster quotes, optimize risk analysis and increase proficiency to a greater degree of accuracy. This deal is part of the AI traction in the financial industry, where automation and data modeling enable insurers to be more efficient underwriters. The deal is expected to close in Q2 FY2027


