Digital risk processing platform Cytora has entered into a partnership with data intelligence platform Dataplor, which will enable property insurance underwriters to gain access to a wide range of location data via Cytora’s platform.
It’s worth highlighting that Dataplor’s intelligence is human-reviewed and covers over a quarter of a billion locations across 200 countries and territories, making it a highly useful and effective tool for the re/insurance sector.
The data provided is also updated in near real-time, which makes it ideal for insurers seeking to respond to the increasingly complex property insurance market.
It has also been confirmed that insurers will be able to operationalise this data more broadly across their lines of business (including risk clearance, onboarding, and triage) and more effectively through their multi-step workflows from submission to quote.
“Dataplor has created one of the largest resources of location based data in the world. Integrating it into Cytora’s platform enables underwriters to leverage this powerful resource to enhance their risk assessments. Crucially, dataplor’s intelligence is updated in near-real time which is incredibly important for property underwriters seeking to make more accurate decisions,” commented Juan de Castro, COO at Cytora.
“We’re thrilled to partner with Cytora to empower the insurance industry with actionable location intelligence. By combining Dataplor’s comprehensive, real-time data with Cytora’s advanced platform, we’re enabling insurers to make more informed, data-driven decisions and ultimately improve their risk assessment processes,” said Geoff Michener, CEO of Dataplor.
In related news, Cytora recently teamed up with Meetrisk, a provider of advanced marine risk intelligence. This collaboration integrates Meetrisk’s Marine Platform into Cytora’s underwriting productivity tool, enabling marine insurers to utilise improved resources for accurate risk assessment and management of vessels, fleets, and portfolios.
