The collaboration aims to equip marine insurers with the latest tools for navigating the evolving challenges in the shipping industry, including geopolitical risks, international sanctions, and climate-related concerns.

Through the integration of Meetrisk’s Marine Platform into Cytora’s underwriting productivity tool, marine insurers will now have access to comprehensive and up-to-date shipping data. Including features such as an enhanced marine risk scoring solution, automated war zone insurance management, and real-time international sanction screening. These capabilities will enable insurers to evaluate and manage risks with greater precision, ensuring more efficient decision-making processes for vessels, fleets, and entire portfolios.

Meetrisk’s platform provides cutting-edge risk assessments, with additional features like the automatic calculation of accumulated values in specific zones. The data-rich environment will help insurers mitigate the rising complexities of the global marine sector, which is facing increased fragmentation and growing external pressures.

The partnership is part of Cytora’s broader strategy to build a comprehensive data ecosystem for insurers. It follows a series of successful collaborations, including a major deal with Chubb and the launch of its enhanced platform powered by Large Language Models (LLMs) and proprietary AI, designed to improve accuracy and efficiency in risk assessment and underwriting.

“Incorporating Meetrisk’s suite of critical data into our platform marks an important milestone for Cytora,” said Juan de Castro, COO at Cytora. “Meetrisk’s sophisticated risk assessment capabilities for marine insurance align perfectly with our mission to optimise underwriting workflows. We’re excited to work together to help insurers make faster, better-informed decisions, boosting their competitive edge.”

The partnership highlights the growing demand for innovative solutions in the insurance industry as companies seek to adapt to shifting global dynamics.

Laurent Barbagli of Meetrisk added, “Our collaboration with Cytora is a significant step forward in leveraging data to address the complex challenges in marine insurance. Together, we’re enabling insurers to navigate the uncertainties of the global marine industry with increased confidence and precision.”