Guidewire to Buy UK Insurance AI Firm hyperexponential in Deal Worth Up to $2.1B

Insurance software maker Guidewire said on Tuesday it would buy hyperexponential for $1.7 billion in cash and up to $400 million more if revenue targets are met, to expand into AI tools that help insurers assess price and risk. London-based hyperexponential makes AI-powered underwriting and pricing software for commercial property and casualty insurers. The deal will let AI agents work alongside underwriters to assess risk, price it and make decisions, Guidewire said. It will fund the deal with $1 billion in new term loans from Bank of America and Citibank as well as cash on hand. The deal is expected to close in the second quarter of Guidewire’s fiscal 2027 and will not affect its first-quarter forecast. Guidewire’s whose software is used by more than 570 property and casualty insurers in 44 countries. (Reporting by Anzar Mehraj in Bengaluru; editing by Joyjeet Das) Topics InsurTech Data Driven Artificial Intelligence Mergers & Acquisitions Was this article valuable? Thank you! Please tell us what we can do to improve this article. Thank you! % of people found this article valuable. Please tell us what you liked about it. Here are more articles you may enjoy. Interested in Ai? Get automatic alerts for this topic.