Cytora
Configurable platform enabling commercial insurers to create digital workflows
- 101-200 employees
- Fintech
- B2B
- Enterprise
- Insurance
- London, UK
Jump to section
Company mission
Cytora's mission is to transform insurance by helping insurers generate fairer premiums and enabling society at large to transfer risk in new and seamless ways.
Our take
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 by providing insurers with the building blocks they need to deliver efficient, accurate underwriting and seamless customer experiences.
Cytora's platform enables risk submissions to be digitised, consistently evaluated using internal and external data sources and automatically processed for underwriting decision making. This means that risks can be digitally processed, maximising automation levels and delivering enhanced control over risk selection.
In 2022, Cytora partnered with global specialist insurer Beazley, which was followed by a series of milestones for the company, including partnerships with Moody's RMS, Chubb, and Ecclesiastical. Since launching version 3.0 of its platform, Cytora has been eyeing the US for its next expansion strategy.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- 33 days holiday (incl. bank holidays)
- Remote-first
- Work abroad budget - £2000 for every Cytorian each year, empowering and encouraging us to work beyond our regular spaces
- Share options
- Flexible hours
- £1500 L&D budget
- Enhanced parental leave when having, adopting or fostering a child
- Home office budget
Funding (last 2 of 3 rounds)
Apr 2019
$34m
SERIES B
Dec 2017
$6m
EARLY VC
Total funding: $43.1m
This company has top investors
Leadership
Richard Hartley
(Co-Founder & CEO)Leads business strategy. Previously product strategist at eBaoTech, a cloud technology vendor to the insurance industry.
Aeneas Wiener
(Co-Founder & CTO)Leads engineering and data science. Has a highly technical PhD from Imperial, giving him the skills required to price commercial risk.