Founder: Richard Hartley
Built for commercial and speciality insurance, Cytora is the configurable platform that enables commercial insurers to process risks at greater efficiency and accuracy. Cytora digitizes every incoming risk, augments them with additional data sources, evaluates them against multiple rules, including appetite and priority rules, and routes them to downstream systems for automated or manual underwriting. In the past year, Cytora has rapidly grown to serve clients globally. Many of the world’s largest insurers have now adopted Cytora’s platform – including Allianz, Beazley, Markel, and HDI. Cytora’s ambition is to become the world’s leading digital risk processing platform and, this year, is planning to accelerate its growth in international markets.
Cytora supports a wide range of commercial insurers from international leaders to medium specialty insurers in local markets. Through global deployments, Cytora breaks the link between expense ratio and revenue growth. Insurers see measurable benefits in GWP growth, loss ratio improvement and better broker service.
Processing risk is a manual and time-consuming process and if done with the help of technology it drives profitable growth without adding operational costs. Cytora was born to help insurers do just that.
Based in London, investors include EQT Ventures, Cambridge University, Cambridge Innovation Capita, Cambridge Angels, and Parkwalk.