Cytora and Smarty Join Forces to Transform Property Risk Assessment for Insurers
Cytora, a renowned digital risk processing platform, has recently announced a strategic partnership with Smarty, a leader in property data solutions. This collaboration is set to enhance property risk evaluation processes for insurers, enabling them to make faster and more accurate assessments.
Enhancing Risk Evaluation with Advanced Data Solutions
The partnership aims to empower insurers by integrating Smarty’s advanced property data into Cytora’s platform. This integration allows underwriters to access high-quality insights, facilitating informed decision-making and streamlined underwriting processes.
Cytora’s Focus on Digital Risk Processing
Cytora specializes in digital risk processing, providing a platform that significantly improves insurers’ capabilities in evaluating and managing risks. Key features of Cytora’s ecosystem include:
- Streamlined Workflows: Enhances the efficiency of underwriters.
- Actionable Insights: Helps mitigate potential exposures.
Smarty’s Cutting-Edge Property Data Solutions
Smarty is known for its robust property data solutions, which include over 350 attributes. These attributes encompass:
- Geospatial accuracy
- Building dimensions
- Construction details
- Financial data
Tools like US Rooftop Geocoding and SmartyKey® further enhance underwriting capabilities, enabling precise risk evaluations.
Benefits of the Cytora and Smarty Partnership
With the integration of Smarty’s US property data into Cytora’s platform, underwriters can:
- Pinpoint building coordinates accurately.
- Evaluate risks more efficiently.
- Proactively mitigate potential exposures.
This collaboration is pivotal in enhancing insurers’ decision-making capabilities in an ever-evolving risk landscape.
Strategic Growth and Innovation
Cytora’s partnership with Smarty is part of a broader strategy to develop a comprehensive data ecosystem for insurers. Recent milestones include:
- A significant partnership with Chubb.
- Expansion of collaboration with Arch into North America.
Cytora COO, Juan de Castro, emphasized the importance of this partnership, stating, “This integration allows insurers to make faster, more informed decisions with access to high-quality insights directly within our platform. It’s an exciting development that underscores our dedication to innovation.”
Smarty’s VP of Product Management, Berkley Charlton, expressed enthusiasm about the collaboration, highlighting that it sets a new benchmark for property risk analysis.
For more information on how digital risk processing can transform your insurance practices, visit Cytora or explore Smarty’s offerings.
