Reinsurance News
Cytora
Cytora & Vespia to provide commercial insurance underwriters with deeper insights
7th December 2023
Cytora, a digital risk processing platform, has partnered with Vespia, a provider of compliance data, in a move that is set to provide commercial insurance underwriters with deeper insights into business risks associated with anti-money laundering (AML) regulations and sanctions. According to the announcement, the collaboration will also allow for insurers to ... Read the full article
Cytora partners with ZestyAI to strengthen commercial property underwriting
29th November 2023
Cytora, a digital risk processing platform, has partnered with ZestyAI, a company that leverages artificial intelligence for risk assessment, to bolster commercial property underwriting with integration of climate models. According to the announcement, the integration of ZestyAI into the Cytora platform will equip commercial insurance underwriters with the analytics and risk ... Read the full article
Cytora and Veridion partner to redefine digital risk processing with AI-powered insights
16th November 2023
Cytora, an AI-powered digital risk processing platform, has entered into a strategic partnership with Veridion, a leading provider of AI-powered business data and market intelligence. This collaboration aims to reshape the landscape of commercial insurance underwriting by integrating Veridion's comprehensive business data directly into Cytora's platform. The key highlight of this integration ... Read the full article
Markel sees underwriting productivity increase following Cytora partnership
25th September 2023
Specialty insurer Markel and insurtech Cytora have announced that their recent partnership has resulted in a 113% increase in productivity (GWP per FTE) for Markel’s underwriting team. "Cytora has been working with Markel since 2021 to transform its underwriting process into digital workflows by leveraging AI to automate pre-underwriting activities, perform ... Read the full article
Cytora integrates with CAPE Analytics to boost commercial property risk assessment
1st September 2023
Cytora, an AI-powered digital risk processing platform, has announced an integration with CAPE Analytics, a provider of AI-powered property insights, to elevate commercial property risk assessment. Through the integration, CAPE Analytics' commercial property data APIs will be accessible on the Cytora platform. As a result, this will enhance insurers' capabilities to ... Read the full article
Cytora adds several insurance veterans to its advisory board
25th August 2023
Cytora, an AI-powered digital risk platform, has expanded its global advisory board by welcoming several insurance industry veterans to its advisory board, in a move that is set to support Cytora's global growth. According to Cytora, the group consists of leaders across Commercial and Specialty insurance. This includes: Bronek Masojada, ... Read the full article
Cytora and Reask partner to enhance insurer’s nat cat risk management
14th August 2023
In a move to revolutionise the insurance industry's approach to natural catastrophe risk assessment, Cytora, a pioneering digital risk processing platform, has joined forces with Reask, a leading provider of advanced natural catastrophe risk analytics. This strategic partnership aims to seamlessly integrate Reask's cutting-edge natural catastrophe risk analytics APIs into the ... Read the full article
Cytora utilizes LLMs for next generation risk and underwriting intelligence
20th July 2023
AI-powered digital risk platform, Cytora has unveiled its latest enhancement, leveraging Large Language Models (LLMs) to bring a new level of "accuracy and efficiency" to risk assessment and underwriting processes. According to Cytora, the availability of LLMs alongside the risk platform's proprietary AI transforms digitisation performance across end-to-end underwriting workflows. At the ... Read the full article
Cytora partners with hyperexponential to enable ‘supersonic underwriting’
4th July 2023
Digital risk processing platform Cytora has partnered with hyperexponential, a pricing decision intelligence company, to provide commercial insurers with a more streamlined and informed understanding of risk. The platform partnership drastically reduces the time for underwriters to make decisions on risks they want to write, reducing quote turnaround time to minutes ... Read the full article
Cytora and CyberCube announce partnership to build a digital platform for risk assessment
26th April 2023
Cytora and CyberCube have announced their partnership to provide commercial insurers with a more streamlined and informed understanding of cyber risk. Cytora is a digital risk processing platform and CyberCube is a cyber risk analytics provider. Through this partnership, CyberCube’s cyber risk analytics and modelling ... Read the full article
Cytora partners with HDI Global for expansion to German market
28th February 2023
Insurtech Cytora has partnered with HDI Global SE, a commercial and specialty insurer focusing on industrial lines, expanding its presence in the German Market. According to the announcement, this partnership aims to streamline global risk processing workflows and accelerate profitable growth. By using the Cytora Platform, HDI will be able to digitise ... Read the full article
Moody’s partners with Cytora to digitise core risk workflows
25th October 2022
Moody’s Analytics and insurtech, Cytora, have entered into a partnership to provide the commercial insurance industry a more streamlined and informed understanding of risk. The data provided by Moody’s comes pre-integrated into the Cytora platform, which will provide insurers with a superior risk selection driving uplift to GWP. Commercial insurers will now ... Read the full article
Insurtech Cytora names Zaheer Hooda as Head of North America
9th June 2022
UK insurtech Cytora has appointed Zaheer Hooda - former Senior Vice President of Data and Digital Enablement for Hiscox USA, as its Head of North America. Within his new role, Hooda will bring his fifteen years of experience within the industry, which includes driving strategic operational and digital transformation projects for ... Read the full article
Beazley, Cytora partner to streamline insurance for brokers & clients
29th April 2022
Leading global specialist insurer, Beazley, has partnered with London insurtech firm, Cytora to automate risk processing and accelerate profitable growth. By using the Cytora Platform, this will allow Beazley to streamline its global risk intake, as well reduce manual processes and uplift straight-through processing, which will help lead to a better ... Read the full article
Allianz to leverage AI-driven risk processing from insurtech Cytora
17th December 2021
Allianz SE has announced an agreement with London-based insurtech Cytora that will see the former integrate AI-based digital risk processing solutions into its commercial insurance business. It's hoped the move will improve Allianz' margins by enabling better risk selection. “This is great news for our customers, intermediaries and underwriters," said Jörg Hipp, ... Read the full article
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