The collaboration integrates Smarty’s cutting-edge property data into Cytora’s platform, delivering over 350 property attributes, including structural, locational, and financial information, to empower smarter, faster underwriting decisions.
Juan de Castro, Chief Operating Officer at Cytora, highlighted the significance of the partnership: “This 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.”
The integration brings Smarty’s robust US property data into Cytora’s platform, providing underwriters with precise insights into property risks. The data includes geospatial accuracy, building footprint details, address verification, and financial metrics, enabling underwriters to streamline risk evaluation processes, identify potential exposures, and proactively mitigate them. Berkley Charlton, Vice President of Product Management at Smarty, shared his enthusiasm for the collaboration: “We are excited to collaborate with Cytora to redefine property data utilisation 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.”
Smarty’s hyper-accurate property data offers insurers exact geocoding and location coordinates for precise hazard assessments, property dimensions and construction data to evaluate structural risks, and financial insights to enhance underwriting precision. The integration with SmartyKey®, a persistent unique identifier, ensures seamless linking of third-party risk data to specific properties, even with address changes. These capabilities enhance the accuracy and speed of underwriting decisions, allowing insurers to adapt to a rapidly changing risk environment.
This partnership reflects Cytora’s commitment to building a comprehensive data ecosystem that supports real-time, accurate risk processing for insurers. It follows a period of significant growth for Cytora, marked by collaborations with leading insurers like Chubb and the expansion of its partnership with Arch to North America. As Cytora and Smarty join forces, they set a new standard for property risk evaluation, enabling insurers to leverage advanced technology and data-driven insights to navigate an evolving risk landscape effectively.
