Cytora

Cytora's platform digitizes incoming risk submissions, augments them with relevant data from various sources, evaluates them against the insurer's risk appetite and priority rules, and routes them to downstream systems for automated or manual underwriting. This process empowers insurers to write more premiums per underwriter while improving their underwriting margins.

The platform leverages generative AI, pre-trained schemas, and customizable multi-step workflows, allowing insurers to refine risk schemas on a zero-shot basis. By automating manual tasks and providing underwriters with decision-ready risks that fit within their appetite, Cytora enhances underwriting productivity and profitability.

Cytora's differentiator lies in its configurability, enabling insurers to encode their underwriting strategies and target portfolios uniquely. The modular structure of the platform makes it cost-effective to scale across new lines of business or geographies.

Key customers and partnerships

Cytora has secured a impressive client base, including global industry leaders such as Allianz, Beazley, Markel, Starr, and HDI. The platform has live deployments across Europe, the US, and Asia, with a major focus on the US and European markets.

In the property insurance sector, Cytora has partnered with Chimnie to incorporate AI-powered property data into its platform, facilitating risk assessment for home insurance underwriters. Additionally, the company has collaborated with ZestyAI to bolster commercial property underwriting by integrating climate models.

For marine insurance, Cytora has joined forces with TradeAtlas, providing access to an extensive database of importers, suppliers, and trade-related information, enabling more thorough risk evaluations for marine insurers.

Furthermore, Cytora has established strategic partnerships with hyperexponential for faster underwriting processes, CyberCube for enhanced cyber risk insights, and SambaSafety for driving intelligence data integration, streamlining workflows for insurers underwriting large fleets.