Cytora, a leader in transforming underwriting workflows within the insurance industry, has announced the integration of Autoaddress‘ Address Capture into its underwriting productivity tool.
The integration aims to enhance the speed, reliability, and security of address capture capabilities, reducing friction and improving data quality for over 250 countries, thereby streamlining the underwriting process for insurers, according to InsurTech Insights.
This collaboration seeks to drive substantial operational efficiency, improve risk assessment, and enable swifter decision-making for insurers.
Cytora leverages advanced AI and proprietary technology to optimise underwriting workflows, while Autoaddress specialises in providing accurate address and geolocation data.
The combination of these strengths is expected to significantly enhance the overall underwriting productivity tool offered by Cytora.
The partnership is the latest in a series of collaborations Cytora has established as part of its mission to create one of the world’s most comprehensive data ecosystems for insurers.
It follows a period of significant growth for Cytora, including a major collaboration with Chubb and the launch of the latest enhancement to its platform.
This recent enhancement leverages Large Language Models (LLMs) alongside Cytora’s proprietary AI to deliver unprecedented accuracy and efficiency in risk assessment and underwriting processes.
Juan de Castro, COO at Cytora, remarked, “Integrating Autoaddress’ Address Capture into our platform marks the advancement in our mission to optimise underwriting workflows. This collaboration will allow our users to experience seamless address capture and data input, which are crucial for precise risk evaluation and improved customer experiences. We’re excited about the enhanced capabilities this brings to our underwriting productivity tool, reinforcing our commitment to delivering cutting-edge solutions to the insurance industry.”
Pat Donnelly, CEO at Autoaddress stated, ” Cytora is the right integration partner for us, as both organisations strive to create smooth customer experiences while delivering a secure, scalable, business driven insurance solution. We look forward to working with the Cytora team and continuously offer a seamless address capture to complement their underwriting productivity tool.”
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