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