Cytora, a digital danger processing platform, has teamed up with AISIX Options, a supplier of wildfire local weather information, to combine superior wildfire intelligence into its platform.
This collaboration permits business insurers to entry present wildfire danger information, addressing local weather change issues and new laws that require disclosure of local weather danger publicity.
AISIX’s Wildfire 3.0 fashions ship danger data based mostly on geographic information and historic hearth exercise.
Offered by an utility programming interface (API), the information allows real-time integration into underwriting programs and complies with local weather disclosure frameworks like TCFD and ISSB.
This equips underwriters with insights to evaluate dangers for particular person submissions and portfolios, supporting quicker and clearer underwriting selections.
Cytora COO Juan de Castro stated: “Local weather danger components are more and more turning into important elements in insurance coverage underwriting. Via our partnership with Aisix, we’re making it simpler for insurers to embed the most recent wildfire insights straight into their workflows, empowering smarter and quicker selections with entry to essentially the most superior information and insights accessible.”
The partnership goals to supply underwriters with up-to-date insights for each particular person insurance coverage submissions and full portfolios.
Aisix Options CEO Mihalis Belantis acknowledged: “This partnership with Cytora will give insurers the readability and foresight wanted to make knowledgeable, strategic and sustainable underwriting selections. As wildfire occasions enhance in frequency and depth, the flexibility to rapidly assess danger on the asset stage is significant.
“We’re delighted to be working collectively in serving to insurers construct resilience in an more and more advanced danger atmosphere.”
Cytora not too long ago collaborated with Chubb and launched a brand new model of its platform that comes with agentic AI to boost danger evaluation and underwriting processes.
Final month, Cytora partnered with Vāyuh, an AI-powered climate analytics firm, to enhance property insurance coverage underwriting with superior information and expertise.
