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Digital danger processing platform Cytora has partnered with TradeAtlas to allow marine insurers to leverage information.
The partnership between Cytora and TradeAtlas will give an enormous vary of import and export info to make sooner, extra correct danger choices.
Moreover, the combination between the 2 will convey all of this information straight into Cytora’s danger processing platform. In consequence, marine insurers can seamlessly convey it into their digital workflows.
Juan de Castro, COO at Cytora, stated: “Our partnership with TradeAtlas brings an enormous quantity of vital information into the Cytora platform which will be leveraged to make higher, sooner and extra seamless insurance coverage choices.
“We’re effectively on our approach to constructing one of many insurance coverage trade’s most complete information ecosystems. It already presents any insurer a treasure trove of detailed info that can remodel how they make choices.”
Ali Emek, founder and CEO of TradeAtlas, added: “We’re delighted to associate with Cytora and have our information accessible by way of their modern platform for the insurance coverage trade. Being part of this ecosystem together with all different beneficial companions, I hope this may result in a greater and sooner decision-making course of for the entire trade, and a greater world.”
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TradeAtlas collects and analyses information from 30 million importers and 27 million suppliers. Its datasets embody 2.8 billion strains of transactions and knowledge on shipments, enterprise addresses, HS codes, product definitions for merchandise, costs, portions, ports and notifying events.
In March 2024, Cytora partnered with property information agency Chimnie to allow property insurers to make sooner and extra correct choices.
Chimnie holds one of many UK’s largest property datasets. It contains detailed info on abuilding’s building, bodily attributes, topology, valuation, and far more.
In consequence, the combination between Cytora and Chimnie will convey information straight into the chance processing platform. It can then permit property underwriters to convey it into their workflows, leading to higher danger analysis and decision-making.
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