Cytora, a digital threat processing platform, has teamed up with AISIX Options, a supplier of wildfire local weather knowledge, to combine superior wildfire intelligence into its platform.
This collaboration permits industrial insurers to entry present wildfire threat knowledge, addressing local weather change issues and new laws that require disclosure of local weather threat publicity.
AISIX’s Wildfire 3.0 fashions ship threat data based mostly on geographic knowledge and historic hearth exercise.
Supplied by means of an software programming interface (API), the information allows real-time integration into underwriting techniques 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 sooner and clearer underwriting selections.
Cytora COO Juan de Castro mentioned: “Local weather threat components are more and more turning into vital elements in insurance coverage underwriting. By means of our partnership with Aisix, we’re making it simpler for insurers to embed the most recent wildfire insights immediately into their workflows, empowering smarter and sooner selections with entry to essentially the most superior knowledge and insights obtainable.”
The partnership goals to offer underwriters with up-to-date insights for each particular person insurance coverage submissions and full portfolios.
Aisix Options CEO Mihalis Belantis said: “This partnership with Cytora will give insurers the readability and foresight wanted to make knowledgeable, strategic and sustainable underwriting selections. As wildfire occasions improve in frequency and depth, the power to rapidly assess threat 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 threat setting.”
Cytora just lately collaborated with Chubb and launched a brand new model of its platform that includes agentic AI to boost threat evaluation and underwriting processes.
Final month, Cytora partnered with Vāyuh, an AI-powered climate analytics firm, to enhance property insurance coverage underwriting with superior knowledge and know-how.
