C-Quence and Cytora Collaborate to Transform Mid-market Insurance

LONDON, Nov. 26, 2019 /PRNewswire/ -- C-Quence, the Digital MGA, and Cytora, the API platform for commercial insurance, are joining forces to turbocharge innovation in Commercial Property & Casualty (P&C) underwriting.

C-Quence will launch its P&C suite in January using Cytora's Property API to instantly connect hundreds of property, location and other data attributes to each P&C submission to gain a more complete view of risk. This, together with other data sources, will feed into the sophisticated algorithms that underpin C-Q Elements, C-Quence's technology-enabled underwriting and transaction platform.

This means that Brokers can expect a similar experience for P&C that they currently enjoy with C-Quence's Financial Lines products, namely:

• significantly fewer underwriting questions
• fast, efficient turnaround with quote to bind in minutes
• fast handling of referrals in minutes not days
• early notification of any declinatures during quotation process
• accurate setting of terms and price for every risk based on quality data enriched by Cytora
• drastically reduced transaction costs

Jacqueline McNamee, C-Quence CEO, explains: "This is a weighty partnership between two organisations that have a similar ambitious vision for the future of Commercial Insurance. Individually we are both making a difference. By combining our considerable capabilities we are confident of accelerating long needed transformation in our industry, helping brokers to place risk more easily and providing a more efficient trading experience."

Richard Hartley, Cytora CEO, said: "Our partnership with C-Quence marks an important step in the digitisation of mid-market insurance. Cytora was built to make it easier for companies like C-Quence to reinvent the status quo, embracing technology to build better customer experiences and a better understanding of risk. We believe C-Quence is going to drive significant positive change across the industry, we have been working with them closely for some time, and it's a pleasure to announce this partnership."

Notes to editors

About C-Quence
C-Quence and C-Quence Insurance Solutions are trading names of C-Quence Technologies Limited which is an appointed representative of Ambant Underwriting Services Limited, a company authorised and regulated by the Financial Conduct Authority under firm reference number 597301 to carry on insurance distribution activities. C-Quence Technologies Limited is registered in England and Wales company number 11102933. Registered office at 1 Adam Street, London, WC2N 6LE.
www.c-quence.co.uk 

About Cytora
Cytora transforms underwriting for commercial insurance. Using the Cytora platform, insurers can underwrite more accurately and efficiently and deliver fairer prices to their customers.

Cytora is a trusted partner to global insurers, backed by leading venture capital, and supported by builders of some of the world's most successful technology companies.
www.cytora.com