Risk processing platform Cytora has struck a deal with catastrophe risk modelling and solutions company Moody’s RMS. The arrangements gives underwriters using the platform access to insights into climate and natural disaster risk pertaining to more than 100 countries.

Richard Hartley, CEO and co-founder of Cytora, said: “Natural and manmade catastrophes, influenced by a changing climate, are bringing a huge range of difficult challenges to the insurance industry that are only going to grow. Unchecked, customers face soaring reinsurance costs and even the prospect of becoming uninsurable. The insurtech industry can play a vital role in helping insurers overcome these challenges."

Michael Richitelli, managing director – global insurance sales at Moodys, added: “The partnership with Cytora provides an exciting opportunity to combine advances in technology with Moody’s RMS’ catastrophe model science. Together these solutions can improve both underwriting productivity and performance.”