Across the country, hailstorms are increasing in both frequency and intensity – and as a result, hail-related property insurance losses are rapidly growing. According to the Insurance Information Institute, the industry sustained over $14.2 billion in losses in 2020. But now, with the rise of property intelligence from CAPE Analytics, insurers can transparently assess property-specific hail vulnerability and exposure risk.
CAPE Hail Intelligence scores property risk by combining machine learning with address-level characteristics that drive vulnerability to hail to provide a complete picture of the risk.
Harness a new, holistic view of hail risk with the industry’s first property-specific hail vulnerability rating
Underwrite and price with greater confidence in hail-prone areas
Benchmark and right-size your regional exposure to hail
Leverage standalone property characteristics that are predictive of hail claim frequency and severity
Drive refined rate segmentation by identifying roofs more prone to increased likelihood and severity of hail claims
Get a handle on roof elements that result in higher replacement costs, such as increased complexity
Avoid paying for another carrier’s claims by capturing roof condition issues and susceptibility to hail at the beginning of your workflow
New Risk Insights For Property-Specific Hail Vulnerability
