International specialty (re)insurer, Convex Group which was launched by Stephen Catlin and Paul Brand has partnered with insurtech Cytora to develop artificial intelligence-powered solutions for commercial insurance.
The partnership with Cytora will enable Convex to hopefully enhance its underwriting process; using data to achieve a more complete and increasingly accurate view of risk whilst helping underwriters improve risk selection.
Adrian Spieler, chief operating officer at Convex, said: “At Convex, we are building an efficient and data-driven underwriting process, which from day one will enable us to provide the best possible products to our customers. By harnessing Cytora’s cutting edge infrastructure, we will be able to deliver upon our key strategic goals in an ever-changing landscape.”
Richard Hartley, CEO at Cytora, added: “The commercial insurance industry is undergoing a fundamental shift that puts customers and data at the forefront. We’re excited to be partnering with Convex as they accelerate this transformation, and to provide them with the tools they need to better serve customers in the years to come.”