Cytora, a digital risk processing platform for the insurance industry, has partnered with Climatig, a provider of an innovative solution for calculating detailed physical climate risks.
This integration embeds Climatig’s advanced climate analysis directly into the Cytora platform, allowing insurers immediate access to science-backed intelligence at the point of decision making.
This capability significantly improves comprehensive risk evaluation and enables underwriters to make more informed decisions regarding exposure across individual assets and entire portfolios.
Given rising global regulations (like TCGD alignment,demanding climate risk disclosure, this collaboration strengthens Cytora’s data ecosystem.
By merging Cytora’s GenAI digitalisation of unstructured documents with Climatig’s high-resolution risk data and perpetual projections, joint customers gain the necessary foresight to navigate evolving regulatory requirements and consider long-term decisions about risk appetites and strategic markets.
Juan de Castro, COO at Cytora, said: “Climate intelligence is no longer optional; it is fundamental to smart underwriting, especially across commercial property and specialty lines.
“Our partnership with Climatig makes it effortless for insurers to embed crucial, science-backed risk data directly into the Enrichment stage of their workflows. This empowers our clients to ensure immediate regulatory compliance while simultaneously building resilience and driving smarter, faster decisions across their entire book of business.”
Commercial insurers using the Cytora platform can leverage Climatig data during the Enrichment and Risk Evaluation/Triage steps of the submission processing workflow.
Upon property submission, Cytora automatically geolocates the asset and requests a comprehensive climate risk assessment from Climatig, covering critical hazards like flood, severe wind, and wildfire.
This information is then used to automate due diligence and evaluate the risk against climate-aware appetite rules, ensuring compliance with external disclosure requirements and enabling the insurer to accurately quantify climate’s financial impact on their portfolios.
Dusko Radulovic, CEO at Climatig, commented: “Climate risk is no longer an abstract long-term issue. It directly impacts underwriting quality, portfolio performance, and claims outcomes.
“Our partnership with Cytora enables precise climate risk assessment to be embedded directly into risk evaluation workflows. This allows commercial insurers to select risks more accurately, price them with greater confidence, strengthen claims control, and equip their sales channels with clear, consistent insights at the point of decision.”
