Cytora and SambaSafety Team up for Smarter Auto Data
The partnership aims to improve commercial auto insurance underwriting by integrating SambaSafety's driver risk management platform with Cytora's risk processing capabilities.
This collaboration integrates SambaSafety's detailed driving intelligence data into Cytora’s risk processing platform, enabling a more comprehensive operationalisation of data across different business activities, such as risk clearance, onboarding, and triage. The partnership will develop and support a more streamlined workflow, from initial data submission to the final insurance quote. It will improve the insurers' ability to unify their risk data, digitise core processes, make more informed risk decisions, and accelerate response times.
SambaSafety's capacity for managing driver data to evaluate risk exposure significantly boosts the platform's utility. With access to a robust database that includes current and historical motor vehicle records (MVRs), traffic court data, telematics, and more, underwriters can perform extensive analyses of entire driver populations instead of limited samples. This capability enables them to quickly pinpoint high-risk drivers who may need additional scrutiny, providing a clearer and more immediate understanding of driver risk profiles and supporting faster and better-informed underwriting decisions.
This integration not only refines the process of risk assessment but also enhances the overall efficiency and effectiveness of the insurance underwriting process, aligning with the industry's move towards more data-driven and technologically integrated approaches.
The integration follows a period of significant growth for Cytora including the launch of the latest enhancement to the platform leveraging Large Language Models (LLMs) alongside Cytora’s proprietary AI to bring a new level of accuracy and efficiency to risk assessment and underwriting processes. In the past year, Cytora has inked a series of partnerships and client wins with companies including Allianz, Moody’s, hyperexponential and JBA.
Juan de Castro, COO at Cytora, said: "At Cytora, we are committed to driving innovation in the insurance industry through digitising and streamlining workflows. We are continuously seeking to provide the best data and analytics to our customers, and this latest integration of SambaSafety’s driver risk management technology into our platform ensures that we are delivering on that ambition."
“SambaSafety exemplifies what Cytora are looking for in a partnership, as pioneers in driver risk management with deep data insights, and we are delighted that this announcement will mean insurers are empowered with the most advanced tools for assessing and managing auto-related risks.”
Rick Fendell, Chief Revenue Officer at SambaSafety, said: “SambaSafety’s mission to ensure safer roads and inspire confidence in every journey by providing the most holistic driver risk management solutions is expanded greatly through this partnership with Cytora. We’re pleased about the significant benefit this partnership brings to commercial and personal lines insurance carriers, among others.”
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