Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance

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C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, 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 application program interfaces (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 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.

“This is a weighty partnership between two organizations that have a similar ambitious vision for the future of commercial insurance. Individually we are both making a difference,” said Jacqueline McNamee, CEO of C-Quence, which is headquartered in London. “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.”

“Our partnership with C-Quence marks an important step in the digitization 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,” said Richard Hartley, CEO of London-based Cytora. “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.”