Cytora provides artificial intelligence (AI) powered solutions for the commercial insurance industry. The company enables underwriting for commercial insurance via the underwriting platform which allows insurers to underwrite more efficiently and deliver fairer prices to their customers. It was founded in 2014 and is based in London, United Kingdom.
Cytora's Product Videos
ESPs containing Cytora
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The underwriting data platforms market offers technology solutions for insurance companies to streamline their underwriting processes and improve risk assessment. These platforms provide tools for data analysis, automation, and continuous monitoring to enhance efficiency and accuracy in underwriting. The market includes solutions for health, life, and commercial insurance underwriting, with a focu…
Cytora's Products & Differentiators
Cytora is the configurable platform that enables commercial insurers to process risks at greater efficiency and accuracy. Cytora digitises every incoming risk, augments them with additional data sources, evaluates them against multiple rules including appetite and priority, and routes them to downstream systems for automated or manual underwriting.
Research containing Cytora
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Cytora in 4 CB Insights research briefs, most recently on Sep 14, 2022.
Expert Collections containing Cytora
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cytora is included in 3 Expert Collections, including Insurtech.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Excludes US-based companies
Latest Cytora News
Nov 30, 2023
RegTech Analyst Cytora leverages ZestyAI to improve commercial property underwriting November 30, 2023 Cytora , a leading digital risk processing platform, has announced a partnership with ZestyAI designed to bolster commercial property underwriting. The collaboration will see ZestyAI’s solution integrated into the Cytora platform to provide underwriters with the essential analytics and risk scores required for evaluating and handling climate-related risks effectively. These cutting-edge analytics and risk scores are crucial for assessing and managing climate-related risks in today’s evolving insurance landscape. The move is driven by the escalating concerns within the commercial property insurance sector due to increased losses arising from what were previously considered secondary perils, such as wildfires, severe storms, and hail. The integration of ZestyAI’s climate risk models into Cytora’s platform is anticipated to provide several key benefits to insurers: Comprehensive Climate Risk Assessment: ZestyAI’s climate models within the Cytora platform offer insurers a holistic view of a property’s risk exposure to natural disasters. Enhanced Risk Management: Commercial carriers gain a more accurate understanding of climate risk, allowing better control over risk selection and the provision of tailored insurance solutions. Faster, More Consistent Decisions: The integration expedites carrier workflows, facilitating efficient processing of risks and scaling underwriting capacity as needed. Cytora stands at the forefront of digital risk processing, empowering insurance companies with innovative solutions to enhance risk assessment and management. On the other hand, ZestyAI is recognised for its groundbreaking use of AI in evaluating property risk specifically related to climate impacts. Meanwhile, ZestyAI pioneers the use of artificial intelligence in assessing property risks specifically related to climate impacts. This collaboration aims to offer commercial insurance underwriters unprecedented access to precise analytics and risk evaluations. Juan de Castro, COO of Cytora, said, “At Cytora, we are committed to empowering insurers with the most advanced tools for assessing and managing risks. Our partnership with ZestyAI and the integration of their climate models into our platform is a testament to this commitment. It equips insurers with a powerful resource for understanding and mitigating climate-related risks, ultimately helping them provide superior insurance solutions.” Attila Toth, Founder and CEO of ZestyAI added, “Climate risk is threatening the stability of the insurance industry, costing hundreds of billions of dollars annually. By offering an approach rooted in materials science and atmospheric science to major challenges like wildfires and severe convective storms, we are bringing greater understanding and accuracy to underwriting and enhancing the insurance industry’s ability to manage these risks effectively. We are honoured to be able to make our climate models available to Cytora customers.” Copyright © 2023 RegTech Analyst
Cytora Frequently Asked Questions (FAQ)
When was Cytora founded?
Cytora was founded in 2014.
Where is Cytora's headquarters?
Cytora's headquarters is located at One London Wall Barbican, London.
What is Cytora's latest funding round?
Cytora's latest funding round is Incubator/Accelerator - III.
How much did Cytora raise?
Cytora raised a total of $41.43M.
Who are the investors of Cytora?
Investors of Cytora include Tech Nation Fintech, Parkwalk Advisors, Cambridge Innovation Capital, EQT Ventures, Cambridge Enterprise Seed Funds and 15 more.
Who are Cytora's competitors?
Competitors of Cytora include Groundspeed, Instabase, Planck, Wenalyze, Zesty AI and 7 more.
What products does Cytora offer?
Cytora's products include Cytora Platform.
Who are Cytora's customers?
Customers of Cytora include Beazley and Ecclesiastical.
Compare Cytora to Competitors
Convr is an artificial intelligence underwriting platform. The company's platform uses data science to eliminate paperwork, provide a holistic view of risks by analyzing a broad array of internal and external data sources, and score and prioritize commercial risks. It was founded in 2015 and is based in Schaumburg, Illinois.
Planck operates as an automated artificial intelligence (AI)-based data platform for commercial insurance. Its solutions include submissions validation, underwriting recommendations, audit recommendations, exposure monitoring, and more. It was founded in 2016 and is based in New York, New York.
Carpe Data is a company that focuses on data science and artificial intelligence in the insurance industry. The company offers services that automate and optimize insurance claims and underwriting workflows, using advanced data science techniques and artificial intelligence to detect fraud, validate claimant information, and evaluate business profiles. The company primarily sells to the insurance industry. It was founded in 2016 and is based in Santa Barbara, California.
Unqork operates as a no-code, software-as-a-service (SaaS) platform to build, integrate, and manage software with zero tech debt. Its patent-pending technology includes advanced calculations, decisions, user interface (UI) design, and workflow for risk assessment and digitization layered on top of legacy information technology (IT) systems. It was founded in 2017 and is based in New York, New York.
Kalepa is a company that focuses on the insurance industry, specifically in the property and casualty (P&C) sector. The company offers an AI-powered underwriting workbench, known as Copilot, which compiles necessary information for underwriters and identifies potential risks. This service primarily caters to the insurance industry. It was founded in 2017 and is based in New York, New York.
CogniSure is a company that focuses on data extraction and analysis in the insurance industry. The company offers services that extract data from unstructured documents, automate the submission to quote process, provide insights from loss run data, and streamline financial reporting. These services primarily cater to the insurance industry. It was founded in 2019 and is based in Naperville, Illinois.