Cytora

Cytora is an InsurTech company specializing in digital risk processing for the commercial and specialty insurance sector. The company's platform digitizes and streamlines core insurance workflows, enabling insurers to process and evaluate risks more efficiently. 

The platform leverages large language models (LLMs) alongside proprietary AI technology to assess submissions across multiple formats, including PDFs, spreadsheets, and emails. It uses a risk taxonomy-driven digitization approach and chain-of-thought risk understanding to extract and analyze information from various sources. The platform helps insurers automate routine tasks, improve risk selection, and reduce the time required for processing submissions from days to minutes. Its platform is configurable for each insurer, allowing customization to meet specific needs and accelerate competitive differentiation. 

Key customers and partnerships

Cytora has secured a client base that includes global industry leaders such as Allianz, Beazley, Markel, Starr, and HDI. The platform has live deployments across Europe, the US, and Asia, primarily focusing on the US and European markets.

In November 2024, the company partnered with Dataplor, a data intelligence platform, to enhance location data accessibility for property insurance underwriters. 

In August 2024, Cytora partnered with Xapien, an AI-powered due diligence firm, to provide insurers with AI-powered research and due diligence to enable more accurate underwriting and fraud detection. As of the same month, it partnered with Arch Insurance North America to further digitize the company's risk intake and streamline underwriting workflows and GeoSmart Information, an environmental data specialist, to integrate flood risk data into its digital risk processing platform.

In July 2024, it partnered with Autoaddress, an address and geolocation data provider, to integrate Address Capture into its underwriting productivity tool. As of the same month, it collaborated with Gamma Risk, a global provider of location intelligence systems and services, to incorporate the latter’s Perilfinder solution into its platform. This integration provides insurers with enhanced tools for precise risk evaluation and management, including map visualization, intuitive risk and accumulation scoring, and spatial catastrophe models for commercial property risk assessment.