Markel UK partners with Cytora to drive profitable growth
Cytora digitises every risk that flows through your business, evaluates them against your underwriting strategy, and routes them to the right place in your organisation, first time.
Submissions, renewals and mid-term adjustments block business growth because they need to be reviewed and routed manually.
Skilled underwriters waste precious time assessing every risk, instead of being free to focus on profitable risks only.
Leaders don’t have the necessary visibility or control to actively steer a target portfolio at pace.
So there’s always a painful gap between your underwriting strategy and what gets executed.
between your strategy and frontline execution.
Give your underwriters the power to write more of the risks you want.
Cytora creates a live digital stream of every submission, renewal and mid-term adjustment. Capturing critical information and augmenting with third party data. Making your insurance workflow machine readable, instantly.
Cytora assesses every request against your defined appetite and portfolio goals. Accurately identifying risks you want, risks you don’t – and what action should be taken to maximise chances of converting attractive risks into policies.
Risks that are outside of your appetite, or don’t align with your portfolio goals, are filtered and saved. Attractive risks are prioritised based on value and routed to the most appropriate destination. Be that to a skilled underwriter, an admin team, or an automated process.
Identify all the risks that will advance your underwriting strategy in real-time, as they flow in.
Automatically triage risks to the right destination first time, enhanced with intelligence to support effective underwriting decisions.
Consistently delight your brokers and customers with faster responses, and improve the composition of your portfolio at pace.
Reduce time spent on unprofitable risks and low-value tasks
Gain 2x more underwriting capacity, without adding people.
Increase quote to bind ratio by 19% on avg.
Grow faster, without compromising loss ratio.
Set your underwriters up for success, drive premium growth and reduce expenses.
AXA XL uses Cytora to improve risk selection, increase broker response time and bind more policies.
QBE uses Cytora to identify profitable risks at the point of submission, and increase premium growth.
Starr uses Cytora to help underwriters spend more time underwriting, less time rekeying.
By Juan de Castro, CCO / COO, Cytora
By Matt Churchill, Director of Customer Success, Cytora
By Max Pepe, CMO, Cytora