Cytora, a digital risk processing platform, has partnered with Gamma Risk, a global provider of location intelligence systems and services, to help insurers map out commercial property risk assessment.
Aiming to provide insurers with enhanced tools for precise risk evaluation and management Cytora has integrated Gamma Risk’s Perilfinder™ in to its underwriting productivity tool.
Gamma Risk describes Perilfinder™ as a cutting-edge address-level risk assessment and reporting solution. It includes map visualisation, intuitive risk and accumulation scoring, and powerful spatial catastrophe models.
The solution features comprehensive map visualisation and accumulation reporting essential for robust risk evaluation. Additionally, by using the accumulation reporting tool, insurers will be able to identify the exposure of an insurance book.
Perilfinder™ also offers associated web services for form prefill and rebuild calculation, all within the cloud and delivering results in sub-second time.
Juan de Castro, COO at Cytora, said: “Incorporating Gamma Risk’s Perilfinder™ into our platform is a significant milestone for Cytora. Perilfinder™’s sophisticated risk assessment capabilities, including its intuitive scoring and detailed map visualisation, perfectly complement our mission to optimise underwriting workflows. This integration will enable insurers to perform more accurate risk evaluations and make better-informed decisions, thereby enhancing their competitive edge.”
Richard Garry, CCO at Gamma Risk, added: “As well as expanding the reach of the data we deliver through Perilfinder™, this partnership with Cytora enables us to equip insurers with the tools they need to make more informed assessments. We pride ourselves on working on projects where technology can transform business operations and industry practices.
Collaborating with a forward-thinking company like Cytora allows us to be at the forefront of industry advancements. Through Perilfinder™, we aim to streamline processes, enhance service delivery, and enable growth.”
The Gamma Risk partnership 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, the firm stated.
