New Paved Area Deterioration and Paved Area Illumination attributes provide commercial insurance carriers and MGAs with new insights into how a property’s broader lot condition can affect risk. Often thought of as secondary to the characteristics of a commercial property’s structures, parking lot and paved area condition can offer insights into the potential risks of […]
We’re excited to announce that effective today, CAPE has partnered with Mercury Insurance to integrate our suite of property intelligence solutions into its underwriting workflows and leverage a variety of our property attributes and risk scores to instantly assess risk on a property-by-property basis across the states it operates in, including California. Integrating CAPE’s property […]
The partnership will allow insurers to leverage CAPE Analytics’ best-in-class geospatial property insights through Socotra, the first truly modern core platform for insurers CAPE Analytics, the leader in AI-powered property intelligence, announced it is partnering with Socotra, the first cloud-native insurance core platform, to offer carriers a new form of loss-predictive information directly through Socotra’s […]
Commercial Carriers Are Under Pressure High levels of automation have improved efficiency for personal lines property insurance, but the diversity and complexity of commercial lines continue to put pressure on expenses and loss ratios. Two industry stats make the case: first, according to the NAIC, the combined ratio for commercial multi-peril has been over 100% […]
The CAPE Hail Vulnerability Rating provides property-level susceptibility to hail damage.
90,000 homes in the NOLA metropolitan area have poor or severe roof condition after Hurricane Ida, with many seeing significant damage from high winds Ida’s damage in Louisiana is far less extensive than either Hurricane Laura (2020) or Hurricane Katrina (2005) In the 10 days since Hurricane Ida passed over the greater New Orleans area, […]
