Convex Group Limited, the international specialty re/insurer set up by Stephan Catlin, has partnered with insurtech firm Cytora to develop artificial intelligence (AI) powered solutions for commercial insurance.
Using Cytora’s AI-driven platform, Convex hopes to enhance its commercial underwriting process, using data to achieve a more accurate view of risk whilst helping underwriters to improve risk selection.
“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,” said Adrian Spieler, Chief Operating Officer (COO) at Convex.
“By harnessing Cytora’s cutting edge infrastructure, we will be able to deliver upon our key strategic goals in an ever-changing landscape,” he explained.
Richard Hartley, Chief Executive Officer (CEO) at Cytora, also commented: “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.”
