Cytora, a premier digital risk processing platform, has formed a strategic alliance with Kroll, a leading independent global risk and financial advisory firm.
This collaboration will allow commercial insurance underwriters to obtain real-time replacement cost values for assets around the world. As a result, underwriters will have a clearer understanding of insurable value risks, enabling quicker and more precise decision-making.
Through this partnership, Kroll’s exclusive global valuation data will be seamlessly integrated into Cytora’s risk processing platform.
This integration will empower insurers to utilise data more effectively across various lines of business, including risk clearance, onboarding, and triage.
The streamlined workflows from submission to quote will enhance operational efficiency, leading to quicker and more accurate risk assessments while improving the client experience.
Juan de Castro, COO at Cytora, added: “This is another stride forward for Cytora’s in the US. It is the latest in a series of partnerships with innovative US companies that are rapidly growing our data ecosystem and presence. Kroll has a very powerful solution which leverages an impressive amount of information to take a lot of the risk and complication out of commercial insurance.”
Cytora is dedicated to creating one of the most extensive data ecosystems for insurers. The partnership with Kroll follows a period of notable growth for Cytora.
This includes a significant collaboration with Chubb, an expanded partnership with Arch in North America, and the launch of an upgraded platform that incorporates Large Language Models (LLMs) and Cytora’s proprietary AI to enhance efficiency in risk assessment, underwriting, and claims management.
Matthew Donahue, Managing Director, Fixed Asset Advisory Services at Kroll, commented: “Cytora offers their clients a dynamic platform for enhanced risk management and decision-making. Our collaboration with Cytora empowers clients to navigate complex challenges and proactively remedy over and under insurance at scale, speed and with high accuracy.”
