Cytora, a leading digital risk processing platform, has announced a partnership with Kroll, an independent global firm specialising in risk and financial advisory solutions.
This collaboration aims to streamline the commercial insurance underwriting process by providing real-time replacement cost values for assets worldwide, according to FF News.
The partnership between Cytora and Kroll is designed to improve the speed and accuracy of insurance underwriting. With Kroll’s proprietary global valuation data integrated into Cytora’s platform, underwriters can access detailed insurable value risk information, enabling faster and more informed decisions.
Cytora’s platform focuses on automating and improving risk management processes for insurers. Its tools enable companies to operationalise data more efficiently across various workflows, including risk clearance, onboarding, and triage.
This partnership with Kroll further enhances Cytora’s ability to assist insurers by improving risk assessment and client experience through quicker, data-driven insights.
This collaboration comes at a time of significant growth for Cytora, which recently partnered with Chubb and expanded its collaboration with Arch into North America.
Additionally, Cytora has launched platform enhancements leveraging Large Language Models (LLMs) and proprietary AI to boost risk assessment, underwriting, and claims management.
Juan de Castro, COO at Cytora, said, “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.”
Matthew Donahue, managing director of Fixed Asset Advisory Services at Kroll, added, “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.”
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