Digital risk processing platform Cytora has partnered with HDI Global SE, a commercial and specialty insurer focusing on industrial lines, to expand its presence in the German Market.
Cytora’s digital risk processing platform enables insurers to operationalise data more broadly across their lines of business, including risk clearance, onboarding and triage.
According to a report from Reinsurance News, the partnership aims to streamline global risk processing workflows and accelerate profitable growth.
By using the Cytora Platform, HDI will be able to digitise its risk processing flows and enable end-to-end digital operations. This will enable faster service for brokers and clients, as well as provide a superior risk selection while creating capacity across HDI teams.
Richard Hartley, CEO of Cytora, said, “The insurance industry is undergoing a transformation. We are excited to partner with pioneering insurance companies like HDI Global to accelerate their risk processing workflows and digital transformation.
“This partnership will accelerate HDI’s transformation by enabling them to flexibly create and deploy risk processing workflows across its global footprint. We’re very pleased to be able to partner with HDI on this journey.”
Thomas Kuhnt, member of the HDI Global SE Executive Board, added, “At HDI Global we are constantly investing in digital capabilities to be a technically superior underwriting company.
“We are building on Cytora to enable us to streamline key workflows, ensure more consistent execution and most importantly provide the best-in-class experience to our brokers and clients as we grow our global presence.”
Last year, Cyber risk technology developer KYND partnered with Cytora to improve underwriting for cyber insurers.
Through the partnership, insurers will have the capability to automatically embed KYND’s advanced cyber risk management technology within Cytora’s risk digitalisation platform. This will enable improved insights and faster decision-making capabilities.
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