Digital risk processing platform Cytora has teamed up with property data specialist Smarty to enhance property risk evaluation for insurers.
The collaboration embeds Smarty’s US property data – which features over 350 attributes, such as geospatial accuracy, building footprint details, and address verification – into Cytora’s platform. Cytora says it enables underwriters to access precise property insights and streamline their risk evaluation processes.
Juan de Castro, COO at Cytora, said: “This partnership represents a significant step forward in enriching our data ecosystem. By integrating Smarty’s property data, we’re enabling 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 and delivering industry-leading capabilities for risk evaluation and underwriting excellence.”
Smarty’s property data offers details such as exact location coordinates (geocoding), property dimensions, construction data, and financial insights. It says insurers can use US rooftop geocoding to pinpoint the coordinates of structures and assess hazards, assisting underwriters in accurately relating third-party risk data to a specific property regardless of address changes.
Berkley Charlton, VP of product management at Smarty, added: “We are excited to collaborate with Cytora to redefine property data utilization for insurers. Combining our best-in-class property data with Cytora’s innovative platform certifies insurers have the tools to make smarter, faster decisions and adapt to the evolving risk landscape.”
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