Cytora, a digital risk processing platform, has announced a strategic partnership with Gamma Risk to enhance risk evaluation and underwriting capabilities for insurers.
The partnership integrates Gamma Risk’s Perilfinder™ tool with Cytora’s underwriting productivity platform, aiming to provide insurers with precise, data-driven insights to better assess and manage risk. This integration is expected to boost decision-making capabilities and improve the accuracy of risk evaluations, offering insurers a competitive edge.
Cytora is known for its innovative digital risk processing solutions, which empower insurers to enhance underwriting processes through advanced AI and machine learning. The company has recently expanded its platform to include Large Language Models (LLMs) alongside its proprietary AI, delivering heightened efficiency and accuracy in risk assessment.
Gamma Risk offers a range of location intelligence solutions with a focus on Perilfinder™, its address-level risk assessment tool. Perilfinder™ delivers high-resolution map visualisation, intuitive scoring, and spatial catastrophe models, allowing insurers to evaluate exposure levels accurately. The tool’s features, including cloud-based form prefill and rebuild calculations with near-instantaneous processing times, make it a valuable asset for detailed risk analysis.
This partnership is part of Cytora’s strategy to establish a comprehensive data ecosystem for insurers and follows a period of substantial growth, including collaborations with major industry players like Chubb. Cytora’s expanded platform now incorporates advanced AI to streamline underwriting workflows, strengthening its market position.
Juan de Castro, COO at Cytora, said, “Incorporating Gamma Risk’s Perilfinder™ into our platform is a significant milestone for Cytora. Perilfinder™’s sophisticated risk assessment capabilities, including its intuitive scoring and detailed map visualization, perfectly complement our mission to optimise underwriting workflows. This integration will enable insurers to perform more accurate risk evaluations and make better-informed decisions, thereby enhancing their competitive edge.”
Richard Garry, CCO at Gamma Risk, commented, “As well as expanding the reach of the data we deliver through Perilfinder™, this partnership with Cytora enables us to equip insurers with the tools they need to make more informed assessments. We pride ourselves on working on projects where technology can transform business operations and industry practices. Collaborating with a forward-thinking company like Cytora allows us to be at the forefront of industry advancements. Through Perilfinder™, we aim to streamline processes, enhance service delivery, and enable growth.”
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