PriyaPatel
TLDR:
- Cytora and Xapien have formed a partnership to revolutionize due diligence in commercial insurance.
- This collaboration aims to streamline underwriting processes and improve fraud detection capabilities.
Cytora, a digital risk processing platform, has partnered with Xapien, known for its AI-powered due diligence capabilities, to enhance accuracy in underwriting and fraud detection in commercial insurance. Cytora’s platform digitizes and processes insurance risks, while Xapien specializes in automating due diligence tasks using AI technology. The integration of Xapien’s tools into Cytora’s platform eliminates manual data checks, speeding up the underwriting process and improving insurers’ ability to manage risks effectively.
Juan de Castro, COO at Cytora, emphasized the alignment of both companies’ commitment to innovation, stating that the partnership equips insurers with advanced tools to make informed decisions about the risks they write. Dan Secretan, Co-Founder and COO at Xapien, highlighted the benefits of the partnership in enabling underwriters to access rapid, automated due diligence reports and make more accurate pricing decisions.
This collaboration represents a significant step in advancing technology-driven solutions in the insurance industry, ultimately benefiting insurers and policyholders alike.
