Cytora, the leading digital risk processing platform, has partnered with Gamma Risk to help insurers map out commercial property risk assessment.
This partnership aims to integrate Gamma Risk’s Perilfinder™ into Cytora’s advanced underwriting productivity tool, providing insurers with enhanced tools for precise risk evaluation and management.
Cytora, known for its cutting-edge digital risk processing platform, and Gamma Risk, renowned for their innovative location intelligence systems and services, are collaborating to offer more comprehensive risk evaluation tools.
The integration of Perilfinder™ will enable better decision-making through address-level risk assessment, map visualisation, intuitive risk and accumulation scoring, and powerful spatial catastrophe models.
Cytora is dedicated to building one of the world’s most comprehensive data ecosystems for insurers.
This partnership with Gamma Risk follows significant growth for Cytora, including a major collaboration with Chubb and the enhancement of its platform using Large Language Models (LLMs) alongside its proprietary AI. These advancements aim to bring a new level of accuracy and efficiency to risk assessment and underwriting processes.
Gamma Risk’s Perilfinder™ excels in delivering detailed and accurate risk assessments at the address level. Its features include comprehensive map visualisation, accumulation reporting, and associated web services for form prefill and rebuild calculation, all within the cloud and delivering results in sub-second time.
These capabilities are essential for robust risk evaluation and enable insurers to identify the exposure of an insurance book effectively.
The partnership aims to streamline processes, enhance service delivery, and enable growth for insurers. It represents the latest in a series of strategic collaborations for Cytora, reinforcing its mission to optimise underwriting workflows and improve decision-making in the insurance industry.
Juan de Castro, COO at Cytora, commented, “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 visualisation, 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, said, “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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