London, UK; 6th October 2022: Cytora, the digital risk processing platform, and Wenalyze, a leading Open Data and insights provider, have partnered to provide the commercial insurance industry with a more streamlined and informed understanding of risk.
Through this partnership, insurers will now have the capability to automatically embed Wenalyze data and analytics insights within Cytora’s industry-leading risk digitization platform thus enabling improved data utilization, better insights, and faster decision-making.
Wenalyze data solution collects businesses’ risk-related data points from multiple open data sources and delivers the highest possible quality data in real-time. Insurers can perform a more accurate risk assessment both during submission and renewals processes.
Direct integration of data sources like Wenalyze into risk processing engines like Cytora enables insurers to more easily digitize their workflows, make better-informed decisions on risk and improve speed to market enhancing broker and client experience.
The partnership builds on a growing ecosystem of data and insight providers pre-integrated into the Cytora platform enabling an integrated end-to-end customer journey.
Juan de Castro, COO of Cytora, said: “It is a pleasure to welcome Wenalyze to our family of trusted data partners. The access to quality data is a key for profitable underwriting, and it is Cytora’s goal to provide that access through integrations with leading insights providers like Wenalyze.”
Roger Ferrandis, COO of Wenalyze adds: “We believe our partnership with Cytora will provide carriers a more holistic solution from the data intake to the policy management thus achieving higher rates of automation and accuracy in a solution that adds value to the whole value chain”