Cytora and MotorCheck partner to make car history data available to commercial insurance underwriters
The partnership will embed vehicle data directly into the Cytora platform enabling commercial insurers to have a view of the exposure risks of vehicles within a fleet, driving GWP growth and reducing the loss ratio.
London, UK; 9 March 2023: Cytora, the digital risk processing platform, and MotorCheck, a vehicle data and insights provider, have partnered to provide the commercial insurance industry with a more streamlined and informed understanding of fleet risk.
MotorCheck is a leading supplier of vehicle data and in addition to its Motor Trade and Consumer web apps, it provides a full suite of API services to enterprise customers to allow direct access to its data sources. MotorCheck’s API services make large and complex automotive data sets easy to integrate, consume and understand for businesses such as Cytora and their client base.
Through this partnership, insurers will now have the capability to automatically embed vehicle data and analytics insights within Cytora’s industry leading risk digitisation platform thus enabling improved data utilisation, better insights and faster decision-making, especially for commercial fleet insurance.
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 at Cytora, said: “Cytora specialises in supporting a vast range of business lines, expanding our data ecosystem to further support insurers writing motor fleet is a great step forward. Bringing Motorcheck’s data into Cytora’s risk processing platform will equip insurers with the necessary data and insights needed for the underwriting of motor fleet risks.”
Michael Rochford, Managing Director at MotorCheck, said: “MotorCheck provides data that empowers our customers to make better decisions regarding motor vehicles. We are delighted to have joined Cytora’s data ecosystem to provide top quality data for the automotive insights.”