Cytora, the artificial intelligence company powering a new way for commercial insurers to target, select and price risk, has further strengthened its advisory team with the appointment of Richard Coleman.
From September, Richard Coleman will join Cytora part-time as a member of the advisory board, bringing 20 years of expertise in the insurance sector. He spent the last 12 years leading a number of businesses for Zurich Insurance covering a variety of channels and classes, including personal lines and SME.
Previously, Richard was the Managing Director of Zurich’s UK Commercial Broker business, with line responsibility for one of Zurich’s largest UK units. He has broad experience across a range of insurance functions and distribution as well as large-scale technology and people transformations.
“I’m delighted to be advising Cytora alongside my full-time work in the wider sector – their capabilities have the potential to revolutionise commercial underwriting, and I’m looking forward to playing a role in their future success.
— Richard Coleman.
In his role at Cytora, Richard will be working alongside a mixture of machine learning and insurance industry experts including Matthew Grant (former RMS executive), Ted Briscoe (Professor of Computational Linguistics at the University of Cambridge) and Bill Byrne (Professor of Information Engineering at the University of Cambridge). With the deep industry knowledge Richard brings, Cytora plans to continue to expand its commercial offering to provide insurers with exciting new products using their ‘Risk Engine’ model.
“We are building a future that uses machine learning and external data to price risk,” said Richard Hartley, CEO and co-founder of Cytora. “Richard shares our conviction and vision, and we’re thrilled that he is joining us as we move into a new phase of development. His extensive skills and expertise in the sector will be an invaluable asset to our growing team.”