Guidewire acquires Hyperexponential as AI underwriting race accelerates

Guidewire has agreed to buy London-based Hyperexponential for $1.7 billion in cash. The October 27 announcement marks a bigger push into AI-powered insurance pricing. It also puts Guidewire in the middle of an emerging race to install AI into commercial underwriting. The changes are evident for insurers. AI has now passed the stage of small...