Introduction
Cytora, the leading digital risk processing platform, has partnered with Smarty, a premier provider of property data solutions, to revolutionize property risk evaluation for insurers. This collaboration integrates Smarty’s comprehensive property data, which includes over 350 attributes like geospatial accuracy, building footprints, and address verification, into Cytora’s platform. By combining cutting-edge property data with advanced risk processing, this partnership empowers insurers to make faster, smarter decisions, proactively assess risks, and improve underwriting efficiency. This marks a significant leap forward in leveraging real-time, high-quality insights for more effective risk evaluation.
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Industry Comments
Juan de Castro, COO at Cytora, said: “This partnership represents a significant step forward in enriching our data ecosystem. By integrating Smarty’s unparalleled 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.”
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Berkley Charlton, VP of Product Management at Smarty, said: “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. Together, we’re setting a new benchmark for property risk analysis.”
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FAQs
- What benefits does Smarty’s property data bring to Cytora’s platform?
Smarty’s robust property data provides over 350 attributes, including geospatial accuracy, building dimensions, and construction details. When embedded into Cytora’s platform, it enhances underwriters’ ability to assess risks faster and more accurately while identifying and mitigating potential exposures. - How does US Rooftop Geocoding improve risk evaluation?
US Rooftop Geocoding pinpoints precise property coordinates, allowing insurers to assess hazards with greater accuracy. Combined with SmartyKey®, a persistent unique identifier, underwriters can reliably link risk data to specific properties, even if addresses change.
Conclusion
The Cytora-SMarty partnership represents a major innovation in property risk evaluation, combining advanced digital risk processing with hyper-accurate property data. By embedding Smarty’s 350+ property attributes into Cytora’s platform, insurers gain unprecedented access to precise, actionable insights, enabling faster and more effective risk assessments.
This collaboration underscores Cytora’s commitment to creating a comprehensive data ecosystem that empowers insurers to adapt to an evolving risk landscape. With capabilities like geospatial accuracy, US Rooftop Geocoding, and the SmartyKey® identifier, insurers can streamline underwriting processes, mitigate risks proactively, and improve decision-making.
As Cytora continues to expand its partnerships, such as its recent collaborations with Chubb and Arch, it remains at the forefront of transforming insurance risk evaluation. This partnership with Smarty sets a new industry standard for precision, efficiency, and innovation in underwriting.
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