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Cytora Joins Google Cloud Marketplace to Transform Commercial Insurance
Cytora, the AI risk digitization platform, today announced its availability on Google Cloud Marketplace.
The move will enable more commercial insurers, MGAs, reinsurers and brokers to automate risk processing to create capacity, decouple premium growth from expense growth, and gain control over risk submission data.
Google Cloud Marketplace enables users to quickly deploy functional software packages that run on Google Cloud. Google Cloud Marketplace users can easily start up a familiar software package with services like Compute Engine or Cloud Storage, with no manual configuration required.
Cytora is the only fully LLM-powered risk digitization solution available to insurers, MGAs, reinsurers and brokers. The collaboration with Google Cloud Marketplace will substantially increase the availability of Cytora’s platform to insurers globally.
The platform automates risk processing, giving insurers control over unstructured risk submission data from any document type (loss runs, SOVs, etc) and any multimedia file format across over 140 languages. Submission data can be enriched with external data sources from Cytora’s Data Ecosystem partners so that new business, claims, renewals and mid-term adjustments all arrive decision-ready for underwriters.
Richard Hartley, CEO and co-Founder of Cytora, said: “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.”
“Bringing Cytora’s insurtech solution to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the AI risk digitization platform on Google Cloud’s trusted, global infrastructure,” said Dai Vu, Managing Director, Marketplace & ISV GTM Programs at Google Cloud. “Cytora can now securely scale and support customers on their digital transformation journeys.”
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