The digital risk processing platform Cytora has today unveiled its integration with AI-powered property insights provider CAPE Analytics. Under the terms of the integration, CAPE’s commercial property data APIs will be accessible on the Cytora platform, bolstering insurers’ ability to assess and manage risks associated with commercial properties.
In a Press release, Cytora noted that by integrating CAPE’s APIs into the Cytora platform, insurers can access detailed property information, enabling them to make more informed underwriting decisions and optimize their risk management practices. In addition, this will allow insurers to harness advanced analytics and machine learning to streamline underwriting processes, bolster risk management practices, and make data-driven decisions for commercial property risks.
Commenting on the move, Cytora COO, Juan de Castro, highlighted that Cytora’s commitment to innovation “aligns perfectly” with the integration.
“By integrating CAPE Analytics’ commercial property data APIs into our platform, we’re equipping insurers with the tools they need to make more informed decisions about commercial property risks,” he said. “This collaboration strengthens our ongoing efforts to provide insurers with the most advanced solutions, ultimately enhancing their ability to manage risks effectively.”
Busy Cummings, chief revenue officer at CAPE Analytics, also commented on the news and said: “We’re excited to see Cytora continue to push the envelope of innovation in the commercial property insurance space and look forward to supporting carriers through this direct integration.
“Decisions involving commercial property risk are often complex, making modernization and automation a challenge. Together, Cytora and CAPE are providing both the platform and the insights required to modernize commercial property carrier workflows and drive the industry forward.”
