C-Quence and Cytora collaborate to improve P&C underwriting
UK-based digital MGA C-Quence is partnering with commercial API platform Cytora to improve P&C underwriting.
C-Quence will launch its Property & Casualty suite in January using Cytora’s Property API to connect hundreds of property, location and other data attributes to each submission to gain a more complete view of the risk. This, together with other data sources, will feed into the sophisticated algorithms that underpin C-Q Elements, C-Quence’s technology-enabled underwriting and transaction platform.
Brokers using C-Quence can expect
- fewer underwriting questions
- fast, efficient turnaround with quote to bind in minutes
- fast handling of referrals in minutes not days
- early notification of any declinatures during the quotation process
- accurate setting of terms and price for every risk based on quality data enriched by Cytora
- reduction in transaction costs
“This is a weighty partnership between two organizations that have a similar ambitious vision for the future of Commercial Insurance. Individually we are both making a difference. By combining our considerable capabilities we are confident of accelerating long-needed transformation in our industry, helping brokers to place risk more easily and providing a more efficient trading experience.” – C-Quence CEO, Jacqueline McNamee.
“Our partnership with C-Quence marks an important step in the digitization of mid-market insurance . Cytora was built to make it easier for companies like C-Quence to reinvent the status quo, embracing technology to build better customer experiences and a better understanding of risk. We believe C-Quence is going to drive significant positive change across the industry, we have been working with them closely for some time, and it’s a pleasure to announce this partnership.” – Cytora CEO, Richard Hartley.