AI-powered business data integration by Cytora and Veridion transforms insurance industry

AI-powered business data integration by Cytora and Veridion transforms insurance industry

Cytora, a leading digital risk processing platform, has announced a strategic partnership with Veridion, a specialist in AI-powered business data and market intelligence.

This collaboration aims to bring a new level of efficiency and insight to the insurance market.

Cytora, a frontrunner in digitising risk processing, has recently teamed up with Veridion, an innovator in providing AI-powered business data. This partnership is poised to revolutionise how insurers assess and price risks by integrating comprehensive business insights into their underwriting workflows.

At the heart of this collaboration is the integration of Veridion’s extensive business data into Cytora’s platform. This synergy will allow insurers to leverage a wealth of information on various business metrics, significantly enhancing their underwriting decisions.

The benefits of this integration include access to global business data covering a range of business attributes, streamlined underwriting processes, and data-driven decision-making for improved risk assessment and pricing accuracy.

Cytora COO Juan de Castro emphasised the importance of this partnership, stating: “At Cytora, our mission is to transform the insurance industry by helping insurers implement digital risk flows. Having the accurate, robust data ready at underwriters’ fingertips is a crucial part of that.

“Our partnership with Veridion and the integration of their business data into our platform is a significant step in this direction. It equips underwriters with valuable insights into business risks, allowing them to make more informed decisions. This collaboration exemplifies our commitment to empowering insurers with the tools they need to thrive in a dynamic marketplace.”

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