Allianz partners with Jaguar; Wilton Re data breach: Insurtech news

Digital risk processing platform Cytora announced a partnership with Hyperexponential, a pricing decision intelligence company, to facilitate “supersonic underwriting” for commercial insurance. Together, the companies will streamline a more informed view of risks, and base pricing on real-time data. Under the partnership, Cytora’s platform will reduce the time underwriters need to decide risks and issue quotes, from hours to just minutes. Cytora will evaluate decision-ready risks against appetite and priority scores, then send those risks to Hyperexponential’s hx Renew platform, which will price those risks.

“This partnership with a like-minded team at Cytora paves the way for the speed and efficiency which we have always believed is at the heart of successful modern insurance businesses,” said Richard Gunn, chief revenue officer, Hyperexponential.

Juan de Castro, chief operating officer, Cytora, said, “This allows insurers to operationalize at the flip of a switch Hyperexponential’s data within their underwriting workflows, driving superior evaluation and quotation of a risk.”