Cytora, a UK-based InsurTech company specializing in claims processing and automation, has partnered with GeoSmart Information, an environmental data specialist, to enhance flood risk assessment for insurers.

The partnership integrates GeoSmart Information's flood risk maps and data into Cytora's platform, providing insurers with detailed flood and climate risk data at the property level. This collaboration is intended to improve risk evaluation, decision-making, and pricing for property insurance, particularly as climate change-related risks increase.

This partnership aligns with Cytora's ongoing efforts to build a comprehensive data ecosystem for insurers, complementing recent collaborations and platform updates that incorporate AI and Large Language Models to refine risk assessment and underwriting processes.

Analyst QuickTake: Cytora has been actively expanding its network of collaborations. Earlier in August, Cytora partnered with Arch Insurance North America to enhance risk intake and underwriting workflows and with Xapien to integrate AI-powered due diligence into its platform for better underwriting and fraud detection. These partnerships reflect Cytora's commitment to advancing its data ecosystem and supporting insurers with innovative, AI-driven solutions.