TransRe collaborates with Cytora to enhance facultative risk processing efficiency
TransRe, a reinsurance company specialising in facultative reinsurance solutions, has partnered with Cytora, a technology firm known for its digital risk processing platform, to implement Concierge, Cytora’s AI-driven service, across its worldwide facultative operations.
The integration is expected to help TransRe manage higher volumes of facultative submissions more effectively, lower operational costs, improve data accuracy, and allow underwriting and claims teams to concentrate on more complex risk evaluations.
This partnership follows the recent introduction of Cytora’s Unified Risk Reasoning, a new feature within its digital risk processing platform designed to automate pre-decision workflows.
Unlike traditional systems focused solely on data collection, Unified Risk Reasoning automates the review, selection, and finalisation of key data fields used in risk decision-making. This capability supports insurers, brokers, and reinsurers in accelerating workflow automation, increasing efficiency, and reducing expenses.
Richard Hartley, CEO of Cytora, commented: “Risk digitisation is having a tremendous impact across all major workflows and is demonstrating a clear path to a scalable business model where growth in premium is increasingly decoupled from growth in expense. TransRe has a compelling vision to use Generative AI as a foundation for business growth with improved control over risk selection and enhanced service. Our partnership will enable TransRe to drive profitable growth across their facultative business.”
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Matt Mahoney, COO at TransRe, added: “Facultative insurance is a high-flow business, and we have been impressed by the functionality and scalability of Cytora’s platform. We are excited to work together to drive digitisation across our business. Cytora helps us augment our underwriting and claims professionals, which in turn will improve our service to our business partners.”
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