October 19, 2023: Cytora Enhances Underwriting Platform with Integration of Praedicat’s Forward-Looking Emerging Risk Analytics
Praedicat is proud to announce that we are collaborating with Cytora, the leading provider of digital underwriting solutions. Cytora will integrate Praedicat’s cutting-edge data, analytics, and models into its underwriting platform, offering underwriters the most advanced and sophisticated underwriting solution to quantify and manage emerging liability risks.
With today’s rapidly ever-changing risk landscape and renewed surge in mass tort litigation, understanding and pricing complex casualty emerging risks has become a challenge for our industry. Praedicat is renowned for its expertise in harnessing scientific and industry data to provide forward-looking analytics that identify and anticipate future liability claims. The fusion of Praedicat’s data, analytics, and modelling with Cytora’s underwriting platform combine two powerful tools into one unified solution, providing underwriters with more risk awareness than ever. The key benefits of the integration include:
- Rigorous and proven emerging risk analytics
- Comprehensive Risk Insights
- Data-Driven Portfolio Underwriting
Juan de Castro, Cytora’s COO, said: “Cytora is excited to partner with Praedicat to make forward-looking emerging risk analytics available to our clients. In today’s dynamic insurance landscape, understanding emerging risks is paramount. Our integration with Praedicat will empower underwriters with a scientific approach to risk assessment, enabling them to make more precise decisions and better serve their policyholders.”
To read the press release, click here.