Cytora and Duck Creek in P/C collaboration

UK API platform, Cytora has joined Duck Creek Technologies’ partner ecosystem programme. Its property API gathers the information needed to underwrite in one API call, instead of manually gathering information to assess commercial risks. Insurance submissions benefit from property, location and rating data from over 50 sources.

Duck Creek’s managing director for Europe, Bart PatrickCreek, said that assessing and pricing risk accurately is critical to insurers now more than ever.

“The volume of data involved inherently opens the door for error when manual processes are introduced, not to mention the disadvantage that the pace of work involved presents,” he added. “Cytora offers an excellent solution that solves several complex problems at once.”

Chief executive officer of Cytora, Richard Hartley said: “Insurers often receive incomplete information, which makes it difficult for them to assess risk quickly and accurately. With Cytora, Duck Creek customers can now automate repetitive manual processes and access high-quality data to assess risks more accurately.”

Cytora announced a partnership with digital MGA, C-Quence on commercial P/C underwriting in November 2019.

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