Cytora, a leading InsurTech company, has been engaged by Chubb, a global insurance leader, to automate claims document processing.
The partnership between Cytora and Chubb is aimed at digitising Chubb’s claims documents automatically, thereby eliminating the need for manual intervention.
The collaboration marks a significant step towards revolutionising claims automation in the insurance industry. By leveraging cutting-edge technology, both companies aim to enhance efficiency, reduce costs, and improve decision-making processes in claims management.
By utilising Cytora’s platform, Chubb teams can develop and deploy AI-native claims document flows efficiently across various markets and lines of business.
Moreover, through the use of Cytora’s expertise in Generative AI applied to insurance workflows, Chubb is set to achieve unparalleled levels of performance, configurability, and scalability across its enterprise.
Amir Farid, Chubb North America Transformation Officer, said, “The collaboration is focused on enabling Chubb Claims documents to be automatically digitised, eliminating the need for manual intervention. Cytora’s platform enables Chubb teams to create, compose and deploy AI-native Claims document flows in a scalable approach across multiple markets and lines of business.”
Richard Hartley, CEO of Cytora, added, “The insurance industry is undergoing an acceleration towards a digital-first future enabling risk volume to scale at a fraction of the current cost while achieving superior control over decisioning. We are excited to partner with insurers that are at the forefront of the transition to a digital-first operating model.”
Cytora is a pioneering InsurTech company that utilises Generative AI to digitise insurance workflows, enabling superior performance, configurability, and scalability across enterprises.
On the other hand, Chubb is a world-leading insurance provider known for its global insurance services and innovative solutions.
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