Insurtech Cytora has partnered with HDI Global SE, a commercial and specialty insurer focusing on industrial lines, expanding its presence in the German Market.
According to the announcement, this partnership aims to streamline global risk processing workflows and accelerate profitable growth.
By using the Cytora Platform, HDI will be able to digitise its risk processing flows and enable end-to-end digital operations. This will enable faster service for brokers and clients, as well as provide a superior risk selection while creating capacity across HDI teams.
Richard Hartley, CEO of Cytora, said: “The insurance industry is undergoing a transformation. We are excited to partner with pioneering insurance companies like HDI Global to accelerate their risk processing workflows and digital transformation.
“This partnership will accelerate HDI’s transformation by enabling them to flexibly create and deploy risk processing workflows across its global footprint. We’re very pleased to be able to partner with HDI on this journey.”
Cytora enables risks to be digitally processed through multi-step flows to maximise automation levels and enhance control over risk selection. With the Cytora Platform risks are digitised, consistently evaluated and automatically processed for decision-making.
The deal with HDI GLobal is the insurtech’s latest move in a number of recent partnerships
for Cytora across Commercial P&C & Specialty Insurance – these include Beazley, Allianz, Markel, and Ecclesiastical.
Thomas Kuhnt, member of the HDI Global SE Executive Board, commented: “At HDI Global we are constantly investing in digital capabilities to be a technically superior underwriting company.
“We are building on Cytora to enable us to streamline key workflows, ensure more consistent execution and most importantly provide the best-in-class experience to our brokers and clients as we grow our global presence.”
