The collaboration will allow insurers to access real-time replacement cost values for assets worldwide, enabling quicker and more precise underwriting decisions.

Through this partnership, Kroll’s proprietary global valuation data will be directly integrated into Cytora’s platform, streamlining data across various insurance functions, such as risk clearance, onboarding, and triage. This integration will help insurers operationalise data more effectively across different business lines and improve workflow efficiency from submission to quoting. As a result, insurers will be able to perform faster, more accurate risk assessments, ultimately improving the client experience.

Cytora’s partnership with Kroll is part of its ongoing mission to build a comprehensive data ecosystem for insurers. This announcement follows a period of significant growth for Cytora, including a major collaboration with Chubb, an expanded partnership with Arch in North America, and the recent launch of an enhanced platform leveraging Large Language Models (LLMs) alongside proprietary AI to boost efficiency in risk assessment, underwriting, and claims management.

Juan de Castro, COO of Cytora, commented on the partnership: “This is another stride forward for Cytora in the U.S., adding to a series of partnerships with innovative U.S. companies that are expanding our data ecosystem. Kroll’s powerful solution leverages an impressive amount of information to reduce complexity and risk in commercial insurance.”

The Cytora-Kroll integration is poised to enhance risk assessment and decision-making capabilities for commercial insurers, further streamlining the underwriting process.

Matthew Donahue, Managing Director of Fixed Asset Advisory Services at Kroll, added: “Cytora offers clients a dynamic platform for enhanced risk management and decision-making. Our collaboration enables clients to address over and under-insurance challenges at scale, speed, and with high accuracy.”