Cytora has partnered with Xapien in data processing technology for commercial insurers' underwriting and fraud detection.
The integration will enable commercial insurance underwriters to instantly gain access to Xapien's AI due diligence tool via Cytora's risk processing platform, allowing them to automate risk assessments and reduce due diligence time.
Xapien’s clients include Dow Jones Risk & Compliance, the Museum of London, Griffin, and Zurich.
Juan de Castro, chief operations officer at Cytora, says: “Cytora’s commitment to innovation aligns perfectly with our integration with Xapien. By incorporating Xapien's AI due diligence tool into our platform, we're equipping insurers with the tools they need to make more informed decisions about the risks they write.
“This collaboration strengthens our ongoing efforts to provide insurers with the most advanced solutions, ultimately enhancing their ability to manage risks effectively.”
Dan Secretan, co-founder and chief operations officer at Xapien, adds: “Partnering with Cytora is a milestone for us as we continue to establish our presence in the insurance sector.
“Underwriters with access to rapid, automated due diligence reports on potential policyholders are able to make more informed, risk-based decisions, leading to more accurate pricing. We are delighted to bring this holistic view of any company or individual to Cytora’s impressive client base.”
