Cytora Integrates with CAPE Analytics to Elevate Commercial Property Risk Assessment
London, UK; 31 August 2023: Cytora, the leading digital risk processing platform, is pleased to announce an integration with CAPE Analytics, a provider of innovative, AI-powered property insights. CAPE Analytics’ commercial property data APIs will be accessible on the Cytora platform, enhancing insurers’ capabilities to assess and manage risks associated with commercial properties.
CAPE Analytics’ commercial property data APIs offer comprehensive insights into a wide range of property attributes, including loss-predictive building characteristics, roof condition, and historical data. By integrating CAPE Analytics’ robust APIs into the Cytora platform, insurers can access detailed property information, empowering them to make more informed underwriting decisions and optimise their risk management practices.
This integration allows 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.
Juan de Castro, COO of Cytora: “Cytora’s commitment to innovation aligns perfectly with our integration with CAPE Analytics. 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. This collaboration strengthens our ongoing efforts to provide insurers with the most advanced solutions, ultimately enhancing their ability to manage risks effectively.”
“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,” said Busy Cummings, Chief Revenue Officer at CAPE Analytics. “Decisions involving commercial property risk are often complex, making modernisation and automation a challenge. Together, Cytora and CAPE are providing both the platform and the insights required to modernise commercial property carrier workflows and drive the industry forward.”
This integration underscores Cytora’s commitment to equipping insurers with innovative risk processing solutions while leveraging CAPE Analytics’ expertise in providing advanced commercial property data solutions.
Cytora is the configurable platform that enables commercial insurers to process risks at greater efficiency and accuracy. Cytora digitizes every incoming risk, augments them with additional data sources, evaluates them against multiple rules, including appetite and priority rules, and routes them to downstream systems for automated or manual underwriting.
About CAPE Analytics
CAPE Analytics is the leading provider of geospatial property intelligence. CAPE provides instant property insights for millions of residential and commercial buildings by analyzing high-resolution imagery, property records, and novel data sources using computer vision and machine learning. With a mission to better understand and protect the built environment, CAPE provides property stakeholders with risk-predictive property attributes that are more timely, accurate, and objective than on-site inspections. Comprised of insurance, real estate, and data experts, CAPE is backed by leading venture capital firms and insurance carriers.