TransRe will implement Cytora’s Concierge – an agentic AI-powered service – across its worldwide facultative business. This deployment is designed to scale facultative submission volumes, reduce operational costs, and improve data ingestion accuracy. By automating routine tasks, the platform will enable TransRe’s underwriting and claims teams to focus on more complex risk decision-making, thereby enhancing overall service quality.
Richard Hartley, CEO of Cytora, emphasized the transformative potential of risk digitization: “Risk digitization is having a tremendous impact across all major workflows and is demonstrating a clear path to a scalable business model where growth in premium is increasingly decoupled from growth in expense. TransRe has a compelling vision to use Generative AI as a foundation for business growth with improved control over risk selection and enhanced service. Our partnership will enable TransRe to drive profitable growth across their facultative business.”
Matt Mahoney, COO of TransRe, added, “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 digitization across our business. Cytora helps us augment our underwriting and claims professionals, which in turn will improve our service to our business partners.”
This announcement follows Cytora’s recent launch of Unified Risk Reasoning, an industry-first innovation that enables insurance professionals to fully automate pre-decision workflows. Unlike traditional data collection tools, Unified Risk Reasoning automates the review, selection, and finalization of critical decision fields, significantly accelerating pre-decision automation while improving efficiency and reducing costs for insurers, brokers, and reinsurers alike.