Cytora And AISIX Solutions Inc. Partner To Strengthen Insurers' Capabilities In Managing Wildfire Risk
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - AISIX Solutions Inc., (TSXV: AISX) (OTC Pink: AISXF) (FSE: QT7) ("AISIX" or "the Company"), a climate risk assessment and analytics solutions provider, and Cytora, the digital risk processing platform have partnered to incorporate AISIX's wildfire data into the Cytora platform as of April 30, 2025.
The collaboration brings AISIX's wildfire intelligence into the Cytora platform, enabling commercial insurers to access timely data on wildfire risks, at a time when the threat of climate change is a key concern for businesses and new regulations mandate insurance players and their clients to disclose their exposure to climate risk.
AISIX provides wildfire data through its model, Wildfire 3.0. This model offers wildfire risk information based on geographic inputs and historical fire activity. The data is delivered via API, enabling real-time access and integration into underwriting systems, and aligns with regulatory climate disclosure frameworks such as TCFD and ISSB. This integration will equip underwriters with insights to evaluate risk across both individual submissions and entire portfolios, improving speed, accuracy and transparency in underwriting decisions.
The collaboration with AISIX's the latest integration partnership Cytora has agreed as the insurtech seeks to build one of the world's most comprehensive data ecosystems for insurers. It also follows a period of significant growth for Cytora including agreeing to a major collaboration with Chubb, and the launch of the latest version of its platform earlier this month, which leverages agentic AI to bring a new level of performance and explainability to risk assessment and underwriting processes.
Juan de Castro, COO at Cytora, said: "Climate risk factors are increasingly becoming critical components in insurance underwriting. Through our partnership with AISIX, we're making it easier for insurers to embed the latest wildfire insights directly into their workflows, empowering smarter and faster decisions with access to the most advanced data and insights available."
Mihalis Belantis, CEO of AISIX Solutions, said: "This partnership with Cytora will give insurers the clarity and foresight needed to make informed, strategic, and sustainable underwriting decisions. As wildfire events increase in frequency and intensity, the ability to quickly assess risk at the asset level is vital. We're delighted to be working together in helping insurers build resilience in an increasingly complex risk environment."
For more information about AISIX Solutions Inc. and its climate risk solutions, please visit www.aisix.ca or follow the Company on X (formerly Twitter) at @AISIXSolutions or on LinkedIn at linkedin.com/company/aisixsolutionsinc/.
About Cytora
Cytora is an AI-powered platform that enables commercial insurers to process risks with greater efficiency and accuracy. Cytora digitises every incoming risk, augments it with external data sources, evaluates it against multiple rules, including appetite and priority rules, and routes it to downstream systems for automated or manual underwriting
About AISIX Solutions Inc.
AISIX Solutions Inc., is a climate risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of artificial intelligence, data analytics, and risk assessment, AISIX Solutions Inc. is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from wildfire-related risks. By empowering organizations with wildfire risk insights, AISIX Solutions Inc. aims to foster resilience and sustainability in the face of climate change.
For further information: Mihalis Belantis, Chief Executive Officer +1 (604) 620-1051 investors@aisix.ca
Forward Looking Statements
Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the "forward-looking statements") within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information, including the Company's expected product offerings, the functionalities of the AI Climate Risk Consumer Interface and the Company's expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, the Company's ability to obtain capital and credit on reasonable terms, the Company's ability to compete and the Company's ability protect its intellectual property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also been assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.
Media Contact media@aisix.ca
Investor Relations investors@aisix.ca
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252725
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