InsurTech Mylo announced its membership in the International Franchise Association (IFA), a franchising membership organization with more than 60 years of experience advancing franchisors, franchisees and franchise suppliers.

As an insurance supplier partner, Mylo will offer insurance solutions to approximately 1,000 emerging franchises in early-stage growth across industries that include restaurants, business services, retail, fitness and more.

Building on a history of protecting small business owners, Mylo combines expertise with technology to meet the specialized needs of both franchisors and franchisees. Franchisors will be able to tap into a potential new revenue stream, and franchisees can quickly find the best value in coverage from carriers through Mylo’s digital guided insurance shopping experience and agents who specialize in their industry.

Mylo’s patented Mind of Mylo insurance intelligence technology recommends ideal coverage, matches needs with carrier appetites and finds policies that offer the best combination of coverage and price.

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Cytora, a digital risk processing platform, has partnered with independent global risk and financial advisory solutions firm, Kroll.

The integration will enable commercial insurance underwriters to gain real time replacement cost values for assets globally. This will enable underwriters to gain a comprehensive view of insurable value risks.

Through the partnership, access to Kroll’s proprietary global valuation data will be directly integrated into Cytora’s risk processing platform. This will enable insurers to operationalize data more broadly across their lines of business, including for risk clearance, onboarding and triage, and through their multi-step workflows from submission to quote.

Partnering with Kroll follows Cytora’s agreement to a collaboration with Chubb, the expansion of a partnership with Arch to North America, and the launch of the latest enhancement to its platform that leverages large language models alongside Cytora’s AI.

Sources: Mylo, Cytora