Guidewire buys Hyperexponential for $1.7B in cash

Guidewire, a property and casualty insurance software firm, agreed to acquire Hyperexponential for $1.7 billion in cash. The deal, expected to close next year, aims to integrate AI agents that work alongside humans for underwriting, analysis, and pricing decisions. The acquisition underscores the industry's push toward AI-assisted decision-making in insurance.