Cytora Joins Google Cloud to Transform Insurance

Cytora, the AI risk digitisation platform for the insurance industry, today announced its availability on Google Cloud Marketplace, creating new opportunities for commercial insurers to transform their data processing capabilities.

The integration will allow commercial insurers, Managing General Agents (MGAs), reinsurers and brokers to automate risk processing functions, which can help create additional capacity, separate premium growth from expense growth and provide greater control over risk submission data.

Google Cloud Marketplace provides users with the ability to deploy functional software packages on Google Cloud infrastructure without requiring manual configuration. 

Users can implement software solutions alongside services such as Compute Engine or Cloud Storage with minimal setup requirements.

LLM-powered risk platform widens availability

Cytora represents the first fully Large Language Model (LLM)-powered risk digitisation solution available to insurance industry participants.

LLMs are deep learning algorithms that can understand, generate and manipulate human language through training on vast datasets. 

The collaboration with Google Cloud Marketplace is expected to significantly expand the global reach of Cytora's platform.

The platform functions by automating risk processing workflows, providing insurers with tools to manage unstructured risk submission data from various document types including loss runs and Schedules of Values (SOVs). 

The system can process multiple file formats across more than 140 languages.

Insurance companies can further enhance submission data by integrating external information sources through Cytora's Data Ecosystem partners, ensuring that new business, claims, renewals and mid-term adjustments arrive in a decision-ready format for underwriters to assess.

Market impact and integration benefits

The integration represents a significant step for insurtech adoption in the commercial insurance sector, where digital transformation initiatives have often progressed more slowly than in personal lines insurance.

Richard Hartley, CEO and Co-founder of Cytora, says: “We are 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 accessible.”

The move aligns with increasing demand for cloud-based solutions in insurance operations, particularly for processing-intensive applications like risk analysis and underwriting decision support.

“Bringing Cytora's insurtech solution to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the AI risk digitisation platform on Google Cloud's trusted, global infrastructure,” says Dai Vu, Managing Director, Marketplace & ISV GTM Programs at Google Cloud. 

“Cytora can now securely scale and support customers on their digital transformation journeys.”

About Cytora

Cytora is the AI risk digitisation platform enabling commercial insurers, reinsurers and brokers to process higher transaction volumes at lower marginal cost by digitising the full intake. 

With Cytora, clients are able to transition to scalable operating models, uplift Gross Written Premium (GWP), improve control over risk selection and transform service delivery.

The company provides the only fully LLM-powered risk digitisation solution in the insurance market, helping insurance organisations automate risk processing and gain control over unstructured submission data. 

Cytora's platform supports documentation in over 140 languages and can integrate with external data sources to enhance risk assessment capabilities.

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