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Guidewire, a major provider of software to insurance companies, is acquiring Hyperexponential, an AI startup focused on underwriting and pricing decisions, for $1.7 billion in cash. The deal is expected to close in 2025.
Hyperexponential has built designed to work alongside human underwriters, helping them analyze claims and make pricing decisions. The acquisition adds specialized AI capability to Guidewire's platform, which already serves major insurers.
The deal reflects growing demand in the insurance industry for AI tools that can automate and improve the underwriting and pricing process.
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