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TransRe taps Cytora for AI-driven risk processing

By Vriti Gothi

Today

  • AI
  • Cross Border Payments
  • Digital Banking
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TransRe

TransRe has partnered with Cytora to integrate Cytora’s AI-driven Concierge platform across TransRe’s worldwide facultative operations, to reshape the speed, efficiency, and accuracy of risk handling in the sector.

Concierge, powered by generative AI, will be integrated to streamline high-volume facultative submissions by automating the review, selection, and completion of key data fields essential to underwriting decisions. Built on Cytora’s recently launched Unified Risk Reasoning capability, the platform moves beyond basic data extraction to deliver intelligent, end-to-end risk digitisation. This will enable TransRe to process larger volumes at scale, reduce operational costs, improve data precision, and allow underwriting and claims teams to focus on the most complex and high-value risks.

Richard Hartley, CEO of Cytora, said, “Risk digitisation, as demonstrated through our Concierge platform, shows a clear path to a scalable business model where growth in premium is increasingly decoupled from growth in expense. TransRe shares a compelling vision to use Generative AI as a foundation for business growth with improved control over risk selection and enhanced service.”

Matt Mahoney, COO of TransRe, said,  “Facultative insurance is a high-flow business, and we have been impressed by the functionality and scalability of Cytora’s platform. We are excited to work together to drive digitisation across our business. Cytora helps us augment our underwriting and claims professionals, which in turn will improve our service to our business partners.”

The collaboration underscores TransRe’s commitment to harnessing advanced technology to deliver greater value to clients and partners, while positioning the company at the forefront of next-generation reinsurance operations. By embedding generative AI into core processes, TransRe is not only enhancing efficiency and decision-making but also setting a new industry benchmark for intelligent, customer-centred risk management.

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