AI start-up looks towards data collection to help insurers identify emerging risks

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After receiving £2.4m in a series of funding led by Parkwalk, Cytora sought advice from several large insurers and reinsurers in order to develop a comprehensive product. The system captures publically available data and then give clients an analytical overview and insights into risk factors which can be used to make decision on risk pricing and underwriting. The comprehensive analytics compiled by the system give insurers an understanding of new and emerging risks, which will ultimatel