Cytora, a leader in digital risk processing, has forged a strategic partnership with SambaSafety, the foremost authority in driver risk management. This collaboration marks a pivotal advancement for commercial insurers in assessing risks linked with driving safety records.
This partnership integrates SambaSafety’s extensive driving intelligence data into Cytora’s sophisticated risk processing platform. This integration facilitates the expansive application of data across various business functions such as risk clearance, onboarding, and triage. The enriched data flow streamlines multi-step workflows from initial submission to final quoting processes, enabling insurers to consolidate risk data, transform core workflows into digital formats, and enhance decision-making speed, thereby improving market responsiveness.
Recognized for its mastery in analyzing driver data to assess risk, SambaSafety now offers underwriters on the Cytora platform access to a robust dataset, including both current and historical motor vehicle records (MVRs), traffic court data, telematics data, and more. This comprehensive dataset permits a thorough analysis of entire driver bases instead of limited samples, facilitating the identification of high-risk drivers needing additional analysis. This capability provides insurers with a much clearer view of driver risk profiles, leading to quicker, more precise decision-making.
Juan de Castro, COO of Cytora, highlighted the strategic nature of the partnership, noting, “At Cytora, we are committed to driving innovation in the insurance industry through digitizing 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,” he added.
Rick Fendell, Chief Revenue Officer at SambaSafety, reflected on the extensive benefits of the collaboration, remarking, “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.”
Following a period of robust growth, including the deployment of enhancements to their platform that leverage Large Language Models (LLMs) alongside proprietary AI technologies, Cytora has enhanced the precision and efficiency of risk assessment and underwriting. Over the previous year, Cytora has secured multiple partnerships and notable client acquisitions with industry giants such as Allianz, Chubb, Moody’s, hyperexponential, and JBA, further solidifying its leadership in the digital transformation of insurance services.
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