C-Quence and Cytora collaborate to streamline P&C insurance

C-Quence, a digital MGA, and Cytora, an API platform for commercial insurance, are joining forces to boost innovation in commercial property & casualty (P&C) insurance.

C-Quence will launch its Property & Casualty Suite in January using Cytora’s property API to connect hundreds of property, location and other data attributes to each property & casualty submission to gain a more complete view of risk. This, together with other data sources, will feed into the 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 have from with C-Quence’s financial lines products.

Jacqueline McNamee, C-Quence CEO, said: “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, added: “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.”