RELX's (RELX) LexisNexis Risk Solutions unit said Thursday it is collaborating with Cytora to embed its data and advanced analytics into the Cytora platform to help US commercial insurers scale their risk assessment, prediction, and management capabilities.
Financial details were not disclosed.
The integration will enable insurers to automatically enrich submissions with external data, reducing manual lookups and underwriting friction while improving the speed and efficiency of risk decision-making, the company said.
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