Cytora, a digital risk processing platform, has entered into a partnership with Vāyuh, an AI-driven weather forecast and climate analytics company.
This collaboration will seamlessly integrate Vāyuh’s advanced climate and weather data models into Cytora’s platform, providing property insurance underwriters with enhanced risk analytics and more accurate risk scores to assess climate and weather-related risks.
As the frequency and severity of natural disasters, such as wildfires and severe storms, escalate—disasters once considered secondary perils—property insurers are under increasing pressure to adopt more robust solutions to assess and manage property risks.
Vāyuh, renowned for its expertise in using artificial intelligence to evaluate property-level risk exposure, offers detailed climate risk models that factor in all elements influencing a property’s value and its vulnerability to natural disasters.
Vāyuh’s technology gathers data from thousands of sources across millions of locations, creating highly detailed risk views. By combining this data with physics and generative AI, Vāyuh generates accurate forecasts and risk models for temperature, wildfires, precipitation, wind, and severe storms.
Through this partnership, Cytora’s AI-driven risk processing and Vāyuh’s data-driven insights will provide underwriters with automated risk enrichment, reduce manual tasks, and improve the accuracy of their decision-making.
This collaboration will enable insurers to streamline their workflows, minimise underwriting delays, and boost profitability by making more informed and precise risk selections.
Juan de Castro, COO of Cytora, added: “We are committed to empowering insurers with the most advanced tools for assessing and managing risks. One of the most pressing challenges insurers face is adapting their approach in the face of increasingly destructive extreme weather events. Our partnership with Vāyuh equips insurers with a powerful new resource for understanding and mitigating climate and weather-related risks.”
Mayur Mudigonda, CEO of Vāyuh, commented: “There is an obvious change in the frequency and intensity of extreme events such as hurricanes, hail storms, wildfires, and more. These changes are currently not well reflected on insurance books making the entire market quite vulnerable to catastrophes. At Vayuh, our goal is to help everyone understand their catastrophic risk better. We do this by bringing our deep understanding of AI and Physics to modelling risk.”
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