Cytora and LexisNexis Risk Solutions announce strategic relationship to enhance risk selection and automation for U.S. commercial insurers
The collaboration accelerates digital risk processing by integrating comprehensive data and analytics directly into AI-enabled digital underwriting workflows
For
This approach empowers commercial insurers to automatically enrich submissions with crucial external information, minimizing manual lookups and reducing friction across underwriting workflows. As a result of the collaboration, commercial insurers can substantially improve the speed of their risk decisioning.
Cytora's platform digitizes each incoming risk, augments it with external data sources, evaluates it against configured rules and routes it for automated or manual underwriting. LexisNexis Risk Solutions brings industry-leading data analytics solutions to provide a more thorough picture of risk, as well as proprietary linking technology for individual business entity resolution, to help ensure that risk information is transformed into decision-ready assets across the entire policy lifecycle, from new business to claims and renewals. The incorporation of
About Cytora
Cytora is the pioneer of Generative AI applied to commercial insurance workflows that digitize risk workflows at unparalleled levels of performance, configurability and scalability across the enterprise. With Cytora, brokers, insurers and reinsurers uplift their premiums, improve control over risk selection and transform service.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro
For the insurance industry, LexisNexis Risk Solutions is a leading provider of data and advanced analytics solutions, helping leading insurance companies automate and improve critical business processes, reduce expenses, combat fraud and gain pivotal insights to differentiate and deliver higher levels of customer experience across multiple lines of business. Please visit https://risk.lexisnexis.com/insurance for more information.
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SOURCE LexisNexis Risk Solutions
