Cytora, a leader in digital risk processing for the InsurTech sector, has announced a strategic partnership with TradeAtlas, a global trade data behemoth
The core motivation behind this partnership is to provide marine insurers with the ability to rapidly access and utilise vast amounts of trade data. By leveraging TradeAtlas’s comprehensive information on importers, suppliers, and transactions, insurers can significantly improve their risk assessment accuracy and operational efficiency.
Cytora stands at the forefront of the InsurTech industry, offering cutting-edge solutions that streamline risk processing for insurers. Its platform leverages the latest in artificial intelligence, including Large Language Models (LLMs), to offer detailed risk assessments and underwriting processes. On the other hand, TradeAtlas specialises in the collection and analysis of global trade data, boasting an impressive dataset that includes billions of transaction lines, shipment details, and much more.
This partnership facilitates the direct integration of TradeAtlas’s extensive trade data into Cytora’s risk processing platform. Marine insurers can now seamlessly incorporate this data into their digital workflows, enhancing their ability to conduct comprehensive risk evaluations and make informed decisions swiftly.
Cytora COO Juan de Castro highlighted the substantial benefits of integrating TradeAtlas data. They said, “Our partnership with TradeAtlas brings a massive amount of critical data into the Cytora platform which can be leveraged to make better, faster and more seamless insurance decisions.
“We’re well on our way to building one of the insurance industry’s most comprehensive data ecosystems. It already offers any insurer a treasure trove of detailed information that will transform how they make decisions.”
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