There's a word which I'm a big fan of and it's called Scientism and it's a belief that if you've got a good formula in a number you've got the answer every time.

Working in this industry, I've learned the hard way, having been a guy who loves building a complicated formula as much as the next guy.

That doesn't mean anything as to its predictive power.

Welcome to the Instac London podcast, Matthew Grant here and for for this week's episode, I am back in the Lloyd's Lab, this time talking to Amrit Santhic Sarasan, CEO and co-founder of Hyper Exponential or HX for short.

Amherit is an actuary and founded HX after years of frustration of not being able to find a decent

platform for his own actuarial models.

He launched AXX with his former employer as his first client and today the company is generating

revenue.

He's another member of the Lloyd's Lab in cohort three.

Amaret, thanks for inviting me back into the Lloyd's Lab. So it's been a week now since Lloyd's Blueprint 1 came out.

I think you said you've managed to move the consultants out, so it's a bit less hectic here,

but I'm sure it's buzzing with all the

recommendations in there many of which I think are going to play into what you're doing lots of

exciting things coming out of it which definitely play into and influence the way we want to go as a

business good let's jump into what you've got on your website which says that you build tools to

help people price from weird and wonderful data sets.

Let's start off with that and find out a bit more about what you're doing.

We refer to weird and wonderful data because actually those are what make up the majority of the data that drive what our clients use to make decisions.

So if you're a specialty insurer and you're trying to price, you know, Tesla or, you know,

the pay, a pay pay cover for a football team, the sorts of data sets you get, they're going to be

a little bit strange. They're probably going to be small. They're going to be awkward. And you're

going to have to do quite a lot of work to put them together to use them to drive a decision. So they're weird and wonderful in a positive and a negative way.

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