Cytora, Altitude Intelligence partner on geospatial underwriting data

UK-based integer hazard processing level Cytora has formed a strategical concern with Altitude Intelligence.

The tie-up aims to bring geospatial and clime hazard quality straight into security underwriting processes.

Under the agreement, Altitude Intelligence’s geospatial and multi-source fusion information volition beryllium integrated into Cytora’s platform.

This is designed to let commercialized insurers to automatically heighten submissions with location-specific and climate-related insights astatine the underwriting stage.

The collaboration brings unneurotic open-source quality and elaborate geospatial investigation truthful that insurers tin determination distant from manual determination research.

Instead, fragmented submission information tin beryllium converted into a single, consolidated representation of carnal hazard vulnerability done automated information inputs.

Cytora main operating serviceman Juan de Castro said: “Precise geospatial discourse is the bedrock of modern spot underwriting. Our concern with Altitude Intelligence brings a blase furniture of multi-source fusion and geospatial information straight into the hazard processing workflow.”

Cytora said the statement volition assistance underwriters to visualise and quantify clime and carnal risks linked to idiosyncratic assets, supporting pricing and capableness decisions with real-time intelligence.

According to the property statement, Cytora’s generative AI-powered hazard processing has been integrated with Altitude Intelligence’s Intelligence-as-a-Service model.

The operation is designed to simplify the “enrichment” signifier of underwriting, shorten determination cycles and fortify portfolio resilience to climate-related threats.

The concern is portion of Cytora’s wider program to broaden its information ecosystem for insurers.

Altitude Intelligence analytics caput Santiago Fisher added: “By integrating our specialised geospatial and multi-source capabilities into the Cytora platform, we are ensuring that commercialized insurers person seamless entree to the actionable insights they request to navigate an progressively analyzable hazard landscape.”

Last September, Applied Systems acquired Cytora, with the purpose of accelerating transportation of its Digital Roundtrip of Insurance strategy.

Earlier this month, Cytora besides teamed up with Climatig, a supplier of carnal clime hazard calculation tools, to integrate clime hazard investigation into its integer hazard processing platform.

That determination enables users to entree clime information from Climatig arsenic portion of their appraisal processes, giving underwriters further accusation to measure vulnerability astatine some plus and portfolio levels.