Cytora Partners with LightBox to Enhance Property Risk Data

Cytora, a digital risk processing platform that transforms commercial insurance submissions into structured data, has announced a partnership with LightBox, a provider of real estate data and geospatial information services, to strengthen underwriting capabilities for property insurers.

The partnership will embed LightBox's property data directly into Cytora's risk processing workflow, giving underwriters access to property characteristics from more than 10,000 sources across the United States.

This integration aims to reduce the manual data collection burden that slows underwriting processes while providing more detailed property insights for risk pricing.

Enhanced property intelligence for underwriters

The integration provides insurers with LightBox's database of property characteristics, building footprints, boundary details, neighbourhood context and environmental factors.

These property attributes will be incorporated into Cytora's platform, which converts unstructured submission information into structured data and applies rules-based evaluation to streamline risk assessment.

Underwriters can use this augmented property data to evaluate catastrophe exposure, identify building vulnerabilities, assess replacement costs and quantify location-based risks without leaving their workflow environment.

Strategic expansion of third-party data capabilities

This agreement marks the latest in a series of data integration partnerships for Cytora as it builds an ecosystem of third-party data sources accessible through its platform.

The partnership follows recent growth for the insurtech firm, which established a collaboration with global insurer Chubb and released an updated version of its platform incorporating agentic artificial intelligence—AI systems designed to act autonomously on specified tasks—to enhance risk assessment efficiency.

Zaheer Hooda, Head of North America at Cytora, says: “We are committed to equipping insurers with high-quality data that enhances underwriting precision. 

“Our collaboration with LightBox ensures that underwriters have access to cutting-edge property intelligence, helping them to proactively assess and mitigate risks with unparalleled accuracy.”

Hooda notes that the integration supports Cytora's strategy of connecting insurers with specialised data sources through a single platform to reduce technology integration requirements.

Data enrichment to combat rising property risk complexity

Property insurers face mounting challenges in risk assessment due to climate-related hazards, construction cost volatility and urban density changes. 

Detailed property attributes have become critical for risk selection, pricing and portfolio accumulation management.

LightBox currently serves more than 30,000 customers across commercial and government sectors with its property intelligence platform, providing data to insurers, brokers, mortgage lenders and catastrophe modelling firms.

Caroline Stoll, General Manager of Data and Analytics at LightBox, says: “In today's challenging environment, access to accurate and complete information is more critical than ever. 

“Our nationwide property data, combined with Cytora's powerful risk processing capabilities, will help insurers navigate an ever-changing risk environment with agility and precision.”

The partnership addresses growing demands for automated data enrichment as commercial property insurers seek to reduce submission processing time while improving underwriting quality.

LightBox aggregates property data including structural attributes, ownership history, planning permissions, flood maps, wildfire zones and other geospatial information relevant to property risk assessment.

“Together, we are setting a new standard for property risk assessment in the insurance industry,” Caroline says.

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