Cytora and JETNET hope their collaboration will present insurers with complete world aviation threat insights.
JETNET’s aviation intelligence APIs present information and insights on plane, fleets, market traits and likewise historic aviation data.
Nevertheless, via this collaboration, insurers utilising Cytora’s threat processing platform can have seamless entry to the JETNET APIs, permitting them to realize a deeper understanding of world aviation dangers. It also needs to improve their underwriting processes.
As well as, by merging JETNET and Cytora, insurance coverage underwriters can have entry to real-time information on plane valuations, market traits, historic information, and extra.
Juan de Castro, COO of Cytora, mentioned: “We’re excited to accomplice with JETNET to ship complete world aviation threat insights to our prospects. The combination of JETNET’s aviation intelligence APIs into our platform will allow insurers to make data-driven choices, enhance their underwriting processes, and successfully handle aviation dangers.”
Josh Baird, VP of company improvement of JETNET, added: “JETNET is thrilled to work with Cytora to deliver to the market a cutting-edge resolution to insurers. This marks the newest instance of JETNET persevering with to advance aviation intelligence.”
Cytora and pricing choice agency hyperexponential have additionally partnered to help insurers with threat.
The platform partnership between Cytora and hyperexponential reduces the time for underwriters to make selections on dangers they need to write. As well as, it reduces quote turnaround time to minutes not hours.
Underwriters will obtain decision-ready dangers which were digitised in addition to evaluated towards urge for food and precedence rating by Cytora. Afterwards, these dangers are then handed seamlessly into hyperexponential’s pricing choice intelligence platform, hx Renew, on the click on of a button.
Moreover, the absolutely digitised and evaluated threat is priced by hx Renew with out the necessity to rekey any information. The chance can be made obtainable for underwriting and additional evaluation.
This partnership is constructed is a rising ecosystem of information and perception offered by the 2 platforms.
