The integration of Gamma Risk’s Perilfinder™ within Cytora’s leading underwriting productivity tool will provide insurers with enhanced tools to enable risk evaluation and management. Perilfinder™ is a leading risk assessment and reporting solution that includes map visualisation, intuitive risk and accumulation scoring, and powerful spatial catastrophe models. This will allow more holistic risk evaluation and comprehensive decision-making.
Perilfinder™ leads in providing detailed and accurate risk assessments at the address level. Some of the features include comprehensive map visualisation and accumulation reporting essential for robust risk evaluation. The accumulation reporting tool allows insurers to identify the exposure of an insurance book. On top of this, Perilfinder™ allows association web services for form prefill and rebuild calculation, all done at the cloud level quickly.
Cytora’s partnership is the latest in a series of partnerships which Cytora has signed as it seeks to expand a comprehensive data ecosystem for insurers. Cytora recently agreed on a major collaboration with Chubb and the launch of the latest enhancement to its platform which leverages LLMs, alongside Cytora’s proprietary AI, bringing pinpoint accuracy and efficiency to risk assessment and underwriting processes.
Juan de Castro, COO 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 optimise underwriting workflows. This integration will enable insurers to perform more accurate risk evaluations and make better-informed decisions, thereby enhancing their competitive edge.”
Richard Garry, CCO at Gamma Risk, added: “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.
