Cytora inks deal to help insurers with commercial property risk assessment

Insurtech Cytora has teamed up with Gamma Risk to help insurers with commercial property risk assessment.

The partnership will allow insurers to identify location risk through Gamma Risk’s Perifinder – a risk assessment and reporting tool – which will be integrated into Cytora’s underwriting productivity tool.

Juan de Castro, chief operations officer at Cytora, said: “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 optimize underwriting workflows.

“This integration will enable insurers to perform more accurate risk evaluations and make better-informed decisions, thereby enhancing their competitive edge.”

Deals

Cytora’s deal with Gamma Risk is the latest in a series of partnerships that the insurtech has signed as part of its plan to build one of the “world’s most comprehensive data ecosystems for insurers”.

Richard Garry, chief commercial officer 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.”