The partnership is aimed at seamlessly integrating Reask’s cutting-edge natural catastrophe risk analytics APIs into the Cytora platform. This collaborative effort seeks to equip insurers with enhanced capabilities to accurately assess and effectively manage the risks posed by natural catastrophes.
Reask’s specialized natural catastrophe analytics APIs offer comprehensive insights focused on the assessment of global tropical cyclone risks. The integration of Reask’s robust risk analytics APIs into the Cytora platform presents insurers with a valuable opportunity to access detailed risk evaluations and hazard data. This, in turn, empowers insurers to make more informed underwriting decisions and elevate their overall risk management protocols.
In an era marked by increasingly frequent and severe natural catastrophe events, the ability to access accurate and timely risk analytics is paramount for insurers to adeptly assess, manage, and mitigate potential losses. The fusion of Reask’s natural catastrophe risk analytics APIs with the Cytora platform arms insurers with invaluable insights, enabling them to enhance the accuracy of risk assessment and optimize their underwriting strategies.
This strategic partnership provides insurers with the means to harness advanced analytics and machine learning technologies to streamline their underwriting processes, fortify risk management practices, and make data-driven choices when confronted with the challenges posed by natural catastrophes.
Juan de Castro, COO of Cytora, said: “We are thrilled to partner with Reask to provide our customers with advanced natural catastrophe risk analytics. By integrating Reask’s risk analytics APIs into the Cytora platform, insurers can access robust risk assessments and hazard data, enabling them to make more accurate underwriting decisions and better manage natural catastrophe risks.”
Jamie Rodney, CEO of Reask added: “We have witnessed record breaking extreme weather events become an all-too-common headline. Thanks to our partnership with Cytora insurers will be able to directly integrate Reask’s novel tropical cyclone data into their underwriting decision-making process. Embedding datasets that reflect how common these headlines occur means that decisions are made in line with the state of the climate.”
This strategic collaboration not only underscores Cytora’s commitment to equipping insurers with cutting-edge risk processing solutions but also leverages Reask’s expertise in delivering advanced natural catastrophe risk analytics.
