Cytora, a leading digital risk processing platform, and Confianza, an advanced InsurTech focused on improving risk selection and loss ratios, have announced a strategic partnership.
This collaboration aims to enhance commercial insurance workflows and boost underwriting efficiency.
The partnership will integrate Confianza’s cutting-edge data intelligence capabilities into Cytora’s risk digitisation platform.
By doing so, insurers will be able to make quicker, more informed decisions on business risk. Confianza’s proprietary data solutions will enable insurers to digitise and enrich risk submissions with detailed insights on businesses, their principals, and consumers.
These insights include crucial details such as business verification, compliance insights, financial health indicators, and fraud detection.
Cytora specialises in AI-driven risk processing, helping insurers automate and streamline underwriting.
Its technology enables insurers to digitise risk information and automate risk selection processes, reducing manual effort and increasing accuracy in decision-making.
The company has built a reputation for developing a comprehensive risk processing infrastructure that integrates with various data sources.
Confianza, on the other hand, provides a vast database covering over 75 million businesses, 330 million adults/principals, 190 million properties, and vehicle VIN & registration details across the United States.
Its unique data layers and predictive modules offer insights into crime rates (at the ZIP+4 level), business and consumer credit, replacement cost estimations, lessor’s risk occupancy, premium leakage, and fraud detection.
By leveraging Cytora’s AI-powered risk processing alongside Confianza’s extensive data intelligence, insurers will benefit from automated risk enrichment, reduced manual workload, and improved decision-making accuracy.
The collaboration is expected to help insurers optimise their workflows, reduce underwriting delays, and increase profitability through more precise risk selection.
This partnership with Confianza marks the latest step in Cytora’s efforts to build one of the world’s most comprehensive data ecosystems for insurers. It follows a period of significant expansion for Cytora, including a major collaboration with Chubb and the launch of an enhanced version of its platform, which now incorporates agentic AI to improve risk assessment and underwriting performance.
Juan de Castro, COO at Cytora, said, “With the increasing complexity of risk assessment, insurers need cutting-edge solutions to stay ahead. The key to effective underwriting today is access to real-time, enriched data. Our collaboration with Confianza ensures that insurers have the information they need at their fingertips to drive smarter risk selection. This partnership will equip insurers with a powerful combination of AI-driven risk processing and robust data intelligence, allowing them to make smarter, faster decisions while ensuring their portfolios remain resilient and profitable.”
John Petricelli, chief data officer at Confianza, added, “This partnership is a game-changer for insurers looking to optimise their risk evaluation strategies. With Cytora, we are delivering a seamless data-driven underwriting experience, where insurers will gain deeper insights into risks, enabling them to underwrite with greater confidence and speed. We look forward to driving meaningful innovation in the insurance industry together.”
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