London, UK; 3rd October 2024: Cytora, the leading digital risk processing platform, has partnered with PriceHubble, an international technology company developing property data solutions for real estate and finance.
The collaboration will enable insurers to leverage insights from the largest proprietary residential real estate database in Europe, with access to PriceHubble’s suite of data and insights on Cytora’s platform. This includes valuations, market analyses, value forecasts, building simulations or energy performance insights. As a result, underwriters will immediately be able to assess the risks linked to specific properties or portfolios, understand potential vulnerabilities and adjust their strategies to mitigate them. This will enable more comprehensive risk evaluation and faster, better decision-making.
PriceHubble’s tools include the UK’s National Cladding Dataset for Tall Buildings. This data is regularly updated to provide the current cladding status of all High-Rise or Mid-Rise Multi-Dwelling Units, and of the 1.2 million individual residential dwellings within them across the UK, enabling real-time up-to-date risk analysis on an issue of key concern for insurers at the moment.
This is the latest in a series of partnerships that Cytora has signed as part of its mission to build one of the world’s most comprehensive data ecosystems for insurers. It follows a period of significant growth for Cytora including agreeing a major collaboration with Chubb and the expansion of a partnership with Arch to North America.
Juan de Castro, COO at Cytora, said: “By joining forces with PriceHubble, we are going to be able to bring a new level of precision and depth to real estate data for insurers. This will empower our clients with unmatched insights, revolutionising how they assess and manage property risk, and enhancing their competitive edge. Partnerships like this are helping Cytora to deliver a new benchmark for data-driven decision-making in the insurance industry.”
Mark Cunningham, Managing Director of PriceHubble UK, said: “By combining our intelligence with Cytora's advanced platform, we are thrilled to offer insurers unprecedented access to deeper, more accurate real estate insights. This collaboration will drive smarter decision-making by redefining real estate data for the insurance industry.”
About Cytora
Cytora is the configurable platform that enables commercial insurers to process risks at greater efficiency and accuracy. Cytora digitises every incoming risk, augments them with additional data sources, evaluates them against multiple rules, including appetite and priority rules, and routes them to downstream systems for automated or manual underwriting.
About PriceHubble
PriceHubble is a European B2B company that builds innovative digital solutions for the financial and real estate industries based on property valuations and market insights. Leveraging big data, cutting-edge analytics and great visualisation, our product suite brings a new level of transparency to the market, enabling their customers to make real estate and investment decisions based on the most accurate data-driven insights (such as valuations, market analyses, value forecasts, building simulations or energy performance insights) and enhance the dialogue with end consumers. PriceHubble's digital solutions are designed to help all players across the entire real estate value chain (banks, asset managers, developers, property managers and real estate agents). PriceHubble is already active in 11 countries (Switzerland, France, Germany, Austria, the United Kingdom, Japan, Netherlands, Belgium, Czech Republic, Slovakia and the United States) and employs more than 200 people worldwide.
