Risk digitization for renewals

For Renewals

Digitize your renewal intake

Commercial insurers, brokers and MGAs receive heterogeneous and unstructured renewal submissions across all lines of business. Beyond the risk submission, internal and external data sources need to be unified, resolved and operationalised to turn the renewal submission, decision-ready. The Cytora Platform digitizes your entire renewal intake with out-of-the-box schemas and preintegrated data sources to support clearance, client accumulation and risk evaluation. The Cytora platform is LLM-powered and does not require training, enabling fast and scalable enterprise deployments. With Cytora, clients control the entire digitization process, enabling them to author their view of risk and accelerate competitive differentiation.

Use Cases

Every aspect of your renewals intake

Multi modal

Digitize and process any type of input
Multi-modal support includes text, image, audio and video files
Convert all submission input modalities to your view of risk

Multi-language

140+ languages supported out of the box
Platform can be configured in any language supporting global enterprise deployments
Configure your schema in one language and digitize submissions across any supported language to accelerate global standardization across lines of business

File Size

Supports all file types across the commercial and specialty insurance intake
Supports file sizes with over 100,000 repeating fields
Chain of thought reasoning provides full provenance and explainability

Benefits

Uplift premium and improve combined ratio

30%

Uplift in premium growth

Create new capacity to quote more, bind more and service more of the right risks

Improve

Underwriting margins

Improve loss ratio by up to 3pp through superior control over risk selection and decisioning

Transform

Broker service

Improve broker experience by halving turnaround time across the whole risk lifecycle

Example Flows

Flexible across your intake

Appetite filtering

Risks are automatically filtered based on the insurer’s unique risk appetite, enabling underwriters to focus their time on risks within appetite.

Appetite filtering

Auto renewal

Cytora enables renewals to be automatically processed by digitizing renewal submissions, integrating internal and external data sources to uplift automation in low complexity cohorts

Auto renewal

Risk prioritisation

Risks are automatically evaluated against priority rules using multiple fields from broker submission, internal, external and inferred data sources, enabling underwriters to focus on the most attractive risks.

Risk prioritisation

Risk triage

Risks are triaged based on the insurer’s operating model, matching risk complexity to different processing modes that enable underwriting capacity to be scaled across higher volumes of risk.

Risk triage

Straight-through processing

Straight through processing flows enable low complexity risks to receive accelerated review and be automatically quoted without consuming underwriting capacity.

Straight-through processing

Downstream system routing

Risks are routed to the right downstream systems including policy administration, CRM, pricing engines and other downstream systems, eliminating rekeying across the workflow.

Downstream system routing

What our customers say

“

The collaboration is focused on enabling Chubb Claims documents to be automatically digitized, eliminating the need for manual intervention. Cytora’s platform enables Chubb teams to create, compose and deploy AI-native Claims document flows in a scalable approach across multiple markets and lines of business.”