Cytora Teams Up with Vāyuh for Advanced Risk Processing
Cytora, a leading digital risk processing platform, has announced a strategic partnership with Vāyuh, a pioneer in AI-powered weather forecasting and climate analytics. This collaboration aims to integrate Vāyuh’s sophisticated climate and weather data models into Cytora’s platform, offering property insurance underwriters improved risk analytics and more precise risk scores, particularly for climate and weather-related risks.
Addressing the Rise in Natural Disasters
With the increasing frequency and severity of natural disasters such as wildfires and severe storms—once considered secondary perils—property insurers face mounting pressure to adopt more comprehensive solutions for assessing and managing property risks. Vāyuh, renowned for its expertise in leveraging artificial intelligence to evaluate property-level risk exposure, offers detailed climate risk models that incorporate all elements affecting a property’s value and its susceptibility to natural disasters.
Innovative Data Integration
Vāyuh’s technology aggregates data from thousands of sources across millions of locations to create highly detailed risk perspectives. By combining this data with physics and generative AI, Vāyuh produces precise forecasts and risk models for temperature, wildfires, precipitation, wind, and severe storms. Through this partnership, Cytora’s AI-driven risk processing capabilities are enhanced by Vāyuh’s data-driven insights, providing underwriters with automated risk enrichment that reduces manual tasks and improves decision-making accuracy.
Streamlining Underwriting Processes
This collaboration will enable insurers to streamline their workflows, minimize underwriting delays, and enhance profitability by making more informed and precise risk assessments. Juan de Castro, COO of Cytora, remarked, “We are dedicated to equipping insurers with the most advanced tools for risk assessment and management. One of the biggest challenges insurers face is adapting their strategies to the increasingly destructive extreme weather events. Our partnership with Vāyuh provides insurers with a robust new resource for understanding and mitigating climate and weather-related risks.”
Enhancing Market Resilience
Mayur Mudigonda, CEO of Vāyuh, commented, “There is a clear shift in the frequency and intensity of extreme events such as hurricanes, hail storms, and wildfires. These changes are not adequately reflected in current insurance books, leaving the market vulnerable to catastrophes. At Vāyuh, our mission is to help everyone gain a better understanding of their catastrophic risk by applying our profound expertise in AI and Physics to risk modeling.”
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