Enhancing Risk Digitisation for the Insurance Industry
Cytora, a leading AI-driven platform designed for risk digitisation, has announced its strategic expansion onto Google Cloud Marketplace. This initiative broadens its accessibility to insurers, MGAs, reinsurers, and brokers, enabling these entities to automate their risk processing workflows. This advancement not only enhances operational capacity but also allows for premium growth without a proportional rise in costs, thereby offering improved management of risk submission data.
Streamlined Deployment with Google Cloud
Google Cloud Marketplace facilitates the effortless deployment of software on Google Cloud. It offers seamless access to essential tools such as Compute Engine and Cloud Storage, eliminating the need for manual configuration. This integration positions Cytora as a unique player, being the sole fully LLM-powered risk digitisation solution available within the insurance sector globally.
Global Reach with Advanced Automation
The partnership with Google Cloud Marketplace significantly widens the global reach of Cytora’s platform. The solution automates the processing of unstructured data from a variety of document types, including loss runs and SOVs, alongside multimedia formats in over 140 languages. Furthermore, Cytora enhances submission data by incorporating external sources from its Data Ecosystem partners. This ensures that new business, claims, renewals, and mid-term adjustments are delivered in a decision-ready format for underwriters.
Leadership Insights
Richard Hartley, CEO and co-founder of Cytora, expressed his enthusiasm: “We are very pleased to offer our insurtech solution on Google Cloud Marketplace. It’s indicative of the power of the Cytora platform and how technology solutions for insurers are becoming more and more accessible.”
Echoing this sentiment, Dai Vu, Managing Director of Marketplace & ISV GTM Programs at Google Cloud, added, “Bringing Cytora’s insurtech solution to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the AI risk digitisation platform on Google Cloud’s trusted, global infrastructure. Cytora can now securely scale and support customers on their digital transformation journeys.”
