Cytora, a leading digital risk processing platform, has announced a strategic partnership with Gamma Risk, a global provider of location intelligence systems and services, aimed at revolutionizing commercial property risk assessment for insurers.

The collaboration integrates Gamma Risk’s advanced Perilfinder™ into Cytora’s underwriting productivity tool, offering insurers enhanced capabilities for precise risk evaluation and management. Perilfinder™ is recognized for its cutting-edge address-level risk assessment and reporting solution, featuring map visualization, intuitive risk scoring, and robust spatial catastrophe models.

Juan de Castro, COO at Cytora, highlighted the significance of this integration: “Incorporating Gamma Risk’s Perilfinder™ into our platform is a significant milestone for Cytora. Its sophisticated risk assessment capabilities and detailed map visualization align perfectly with our mission to optimize underwriting workflows. This integration empowers insurers to conduct more accurate risk assessments, enabling better-informed decision-making and strengthening their competitive edge.”

Richard Garry, CCO at Gamma Risk, emphasized the transformative impact of this partnership: “This collaboration not only expands the reach of our data through Perilfinder™ but also equips insurers with essential tools for informed assessments. Working with forward-thinking companies like Cytora allows us to drive industry advancements. Through Perilfinder™, we aim to streamline processes, enhance service delivery, and foster growth within the insurance sector.”

Perilfinder™ delivers comprehensive risk assessments at the address level, essential for robust risk evaluation and identifying insurance book exposure. Additionally, it offers web services for form prefill and rebuild calculation, all delivered swiftly through cloud technology.

This partnership marks a pivotal step for Cytora in building a comprehensive data ecosystem for insurers, following recent milestones such as collaborations with industry leaders like Chubb and advancements leveraging Large Language Models (LLMs) to elevate accuracy and efficiency in risk assessment and underwriting processes.

For more information about Cytora and Gamma Risk’s partnership and offerings, visit Cytora and Gamma Risk.