TransRe Adopts Cytora AI to Digitize Facultative Reinsurance Operations

TransRe has partnered with Cytora to implement Concierge, an AI-powered digital risk processing platform, in its global facultative reinsurance operations. This integration aims to enhance the scalability of facultative submissions, improve data accuracy, reduce operational costs, and allow underwriting and claims teams to focus on complex risk assessments. Cytora's platform uses generative AI to drive profitable growth by optimizing risk selection and service delivery.

The partnership leverages Cytora’s recent launch of Unified Risk Reasoning, which fully automates pre-decisioning workflows in insurance. This technology automates the review and finalization of risk decision fields, enabling insurers, brokers, and reinsurers to accelerate workflow automation, improve efficiency, and lower costs. TransRe intends to digitize its facultative processes to better support its business partners and enhance operational performance.