News
Transforming mid-market insurance with digital MGA C-Quence
Today we’re announcing that we’ve joined forces with Digital MGA C-Quence to drive forward innovation in commercial P&C underwriting.
23-11-2019
1 min read
A world where risk transfer is effortless and fair
Powering the future of commercial insurance
Insurance is vital to the economy, giving businesses the confidence to realise their ambitions in the face of uncertainty, but the underlying systems that insurance is built on are broken. Cytora is creating new foundations for insurance. We provide insurers with the building blocks they need to deliver efficient, accurate underwriting and seamless customer experiences.
History
2014
Founded and spun out of the University of Cambridge
2015
Proprietary Risk Engine technology developed and refined
2016
Launched Risk Engine API
2017
Partnered with world-leading, global insurers such as QBE, Starr and XL Catlin
Opened office in Ljubljana
Raised $7.6M series A round with QBE, Starr and Cambridge Innovation Capital
Risk Engine deployed globally across commercial lines
2018
Opened office in Sydney
Launched Cytora Underwrite
2019
Raised $32M series B round with EQT Ventures
Launched Cytora API Platform
Investors
Our investors bring unrivalled expertise and have supported the growth of some of Europe’s leading businesses.
Team
Cytora was founded by a team of machine learning scientists, data engineers, and strategists. We believe that in the next decade, insurance will become simple, frictionless, and transparent, driven by exponential growth in data liquidity.
Advisory board
Our advisory board is made up of insurance industry leaders and builders of some of the world's most successful technology companies. Together, we are creating a new way to conceptualise, price and deliver insurance.
Adrian Brown
Advisor
Previously CEO at Towergate Insurance, CEO UK at RSA
Lyle Fong
Investor and Advisor
Partner at EQT Ventures
Richard Coleman
Advisor
Previously Managing Director of Zurich's UK Commercial Broker business
Carol Cheung
Advisor
Director at GeoSpock, Senior Investment Associate at Cambridge Innovation Capital (CIC)
Bill Byrne
Advisor
Head of Information Engineering division at the University of Cambridge
Ted Briscoe
Advisor
Professor of Computational Linguistics at the University of Cambridge
Richard Gibson
Non-executive Chairman
Previously Executive Chairman at Swiftkey (acquired by Microsoft)
Alan Morgan
Investor and Advisor
Chairman of MMC Ventures, Non-Executive Director of companies including Future Route, Funding Options and Obillex
Paul Forster
Investor and Advisor
Co-founder and former CEO of Indeed.com
Ilkka Paananen
Investor and Advisor
Co-founder and CEO of Supercell
Matthew Grant
Advisor
Executive Director at Abernite, Former Managing Director of models and data at RSM
Latest news
Insurance
Building the future of commercial underwriting: Part two
In September, we ran our second event in partnership with Deloitte to explore the future of commercial underwriting. Insurance leaders in the room heard expert views on the underwriting function of the future - the impact of APIs and artificial...
07-10-2019
2 mins read
Insurance Journal
By Taming Big Data with AI, Cytora Aims to Transform Commercial Underwriting
While the goal may seem ambitious, Cytora is making significant inroads toward improving underwriting—ultimately with happier insurance-buying customers.
17-07-2019