Business went digital, risk didn’t. Insurance is vital to society, giving businesses the confidence to realise their ambitions in the face of uncertainty, but the underlying structure that insurance is served on remains analogue, eroding confidence in the insurance industry to scale to meet the rising level of risk, inhibiting growth and reducing profitability.
At the same time, the expectations of customers, brokers and insurance employees are changing, speed, flexibility and control over risk selection and the target portfolio matter most. Brokers demand fast speed of service which has become a core differentiator to win the right risks. To profitably grow, insurers need to scale judgment across a much larger volume of risks, guide scarce capacity to the right risks, progressively decouple premium growth from expense growth, and deliver out-performance in combined ratio through consistent risk decision making.
Cytora exists to help build a bigger, more impactful insurance industry where more risk can be transferred away from businesses that don’t want it to efficient financial markets. Our mission is to enable commercial insurers to become digital-first, accelerating the transition to digital risk flows that decouple premium growth from expense growth and as a result grow the impact of the industry overall.
