California, USA & London, UK; 7th November 2024: Cytora, the leading digital risk processing platform, has partnered with data intelligence platform dataplor.
The integration will enable property insurance underwriters to instantly gain access to a vast repository of comprehensive location data via Cytora’s platform. This will enable underwriters to make faster and more accurate risk assessments. Dataplor’s intelligence is human-reviewed and covers over a quarter of a billion locations across 200 countries and territories.
The data provided is also updated in near real-time, making it ideal for insurers seeking to respond to the increasingly dynamic and complex property insurance market. Insurers will be able to operationalize 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.
The partnership with dataplor 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, the expansion of a partnership with Arch to North America, and the launch of the latest enhancement to its platform which leverages Large Language Models (LLMs) alongside Cytora’s proprietary AI to bring a new level of efficiency to risk assessment, underwriting and claim management process.
Juan de Castro, COO at Cytora, said: "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.”
Geoff Michener, CEO of dataplor, shared his excitement about the partnership stating, "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."
About Cytora
Cytora is the configurable platform that enables commercial insurers to process risks at greater efficiency and accuracy. Cytora digitizes 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 dataplor
dataplor is the leading provider of point-of-interest (POI) data that helps global enterprises grow abroad by mapping tough-to-reach markets with a privacy-first approach. As the majority of international location data is often inaccurate and quickly outdated, dataplor goes several steps beyond the industry standard, helping the world’s largest companies across technology, mapping, search, third-party logistics, consumer packaged goods (CPG), telecom, investing, real estate, and finance understand location intelligence about any commercial or physical location in real-time, fueling their expansion abroad.
