Cytora, JBA partner to streamline property risk using flood data
Digital risk processing platform Cytora and JBA Risk Management have partnered to provide the commercial insurance industry with a more streamlined and informed understanding of property risk using flood data.
The partnership will allow insurers to automatically embed JBA data and analytics insights within Cytora’s risk digitisation platform to enable more informed decisions on risk and improve speed to market.
JBA’s flood risk data is used within the international insurance industry and almost 90% of UK insurers currently use JBA flood intelligence to inform their risk evaluation and assessment.
Juan de Castro, COO of Cytora, said: “JBA is one of the leading sources of flood data. Insurers will benefit tremendously from having JBA's flood intelligence embedded within our digital risk flows to evaluate property exposure. This partnership builds on our commitment to equipping carriers with all the best data sources needed for underwriting and supporting any line of business. We are proud to welcome JBA to our platform.”
Erik Hoeppner, technical director, international business at JBA, added: “We are delighted to provide JBA flood data to enhance the API services provided by Cytora enabling more informed location-level flood risk detail for the insurance industry.”
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