Specialist insurer Markel UK has partnered with Cytora to deploy the insurtech’s platform as the carrier looks to streamline its risk intake across UK property and casualty (P&C) lines of business.
This partnership will enable Markel to enhance capacity and accelerate profitable growth, while giving brokers and clients better service.
It’s expected that the Cytora platform will form a core part of the Markel new business workflow, increasing the capacity for growth in target risk segments through a more efficient, effective and intelligent end-to-end pipeline, quote and deal process.
The partnership comes as Markel has grown significantly over the past 24 months while achieving market-leading service levels.
Neil Galjaard, Divisional Managing Director at Markel UK, said: “At Markel, we are committed to giving brokers and clients enhanced service levels and Cytora will enable us to create capacity to effectively grow our scale in our key sectors and enable our underwriters to provide further enhanced service to customers and brokers.”
Richard Hartley, CEO at Cytora added: “The commercial insurance industry is undergoing a fundamental transformation. We’re excited to partner with Markel, building on the success of our relationship so far, and accelerate their transition to become a digitally enabled insurance company.”