Cytora and TradeAtlas accomplice for marine insurance coverage


Digital danger 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 data to make quicker, extra correct danger choices.

Moreover, the combination between the 2 will convey all of this knowledge immediately 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 a large quantity of crucial knowledge into the Cytora platform which will be leveraged to make higher, quicker and extra seamless insurance coverage choices.

“We’re nicely on our technique to constructing one of many insurance coverage trade’s most complete knowledge ecosystems. It already gives any insurer a treasure trove of detailed data that may rework how they make choices.”

Ali Emek, founder and CEO of TradeAtlas, added: “We’re delighted to accomplice with Cytora and have our knowledge accessible by their modern platform for the insurance coverage trade. Being part of this ecosystem together with all different helpful companions, I hope this is able to result in a greater and quicker decision-making course of for the entire trade, and a greater world.”

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TradeAtlas collects and analyses knowledge from 30 million importers and 27 million suppliers. Its datasets embrace 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 consists of detailed data on abuilding’s development, bodily attributes, topology, valuation, and rather more.

In consequence, the combination between Cytora and Chimnie will convey knowledge immediately into the danger processing platform. It should then permit property underwriters to convey it into their workflows, leading to higher danger analysis and decision-making.


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