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Digital risk processing platform Cytora has partnered with property data solutions firm Smarty to bolster property risk evaluation for insurers.

The collaboration embeds Smarty’s robust US Property Data, with over 350 attributes, including geospatial accuracy, building footprint details, and address verification, into Cytora’s platform.

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In addition, underwriters using Cytora can access precise property insights and streamline their risk evaluation processes.

Smarty’s property data offers details such as exact location coordinates (geocoding), property dimensions, construction data, and financial insights.

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.”

Berkley Charlton, VP of Product Management at Smarty, added: “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.”

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This partnership reflects Cytora’s commitment to building the most comprehensive data ecosystem for insurers, enhancing the industry’s ability to leverage real-time, accurate information in risk processing. The move follows Cytora teaming up with Moody’s RMS, a global catastrophe risk modelling and solutions company.

Moody’s RMS Location Intelligence application programming interface (API) offers catastrophe peril insights across more than 100 countries, improving the speed and accuracy of risk assessments for insurers.