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MS Amlin taps artificial intelligence to boost underwriting

#artificialintelligence

MS Amlin has enlisted the help of artificial intelligence (AI) firm Cytora to enhance its commercial underwriting performance and drive premium growth. Announcing the partnership, the global (re)insurer said it will use Cytora's technology to improve processes and power open market underwriting. Cytora, through its Risk Engine API integration with Acturis, will also facilitate better risk selection and pricing in MS Amlin's small- and medium-sized enterprises automated trading book by providing risk scores. "AI technology is transforming the way insurers do business," noted Dr Paul Taffinder, director of strategy & innovation at MS Amlin. "This new and exciting partnership with Cytora is a testament to MS Amlin's commitment to digital innovation and the use of smart technology, further cementing our position as an insurer of the future." Meanwhile Cytora chief executive Richard Hartley, who described MS Amlin as "an ambitious insurer and proven market leader," said its new partner shares the tech company's vision to make insurance more frictionless and data-driven.