Markel UK, Leading insurance, legal and tax service provider to UK SMEs, has announced a partnership with Cytora to administer the latter’s platform to streamline rise intake across property and casualty lines. Markel UK has partnered with Cytora to deploy Insurtech’s platform to facilitate its risk intake across UK P&C lines. Cytora’s platform can digitally and automatically filter risk submission to the right underwriter.
Cytora is an insurance technology platform that provides digital processing of risk. Through this partnership, Markel will enhance its capacity and accelerate profitable growth by providing better service to brokers and clients.
Cytora platform will become a core part of Markel’s new business workflow by Increasing the capacity for growth in target segments through a more effective, efficient and intelligent in to end pipeline quote and deal process.
This partnership between Cytora and Markel comes as Markel has grown significantly over the past 24 months while achieving a market-leading service level, which includes being awarded commercial lines Insurance of the year by insurance Times.
Markel UK’s divisional Managing Director, Neil Galjaard, says that the company is committed to giving brokers and clients an enhanced service level. And Cytora will enable Markel to create capacity to effectively grow companies scale in its key sectors and allow underwriters to provide improved service to customers and brokers.
Richard Hartley, Cytora’s CEO, said that the commercial insurance industry is undergoing a fundamental transformation. The company is excited to partner with Markel, building on the success of this relationship and excellent translation to become a digitally enabled Insurance Company.