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, […]
Series C funding will be used to accelerate product innovation, expand data sources, and grow the company’s industry-leading artificial intelligence team Today, CAPE Analytics, the leading provider of geospatial intelligence for property risk and valuation, announced $44 million in Series C financing, led by Pivot Investment Partners. Additional investors, Aquiline Technology Growth and HSCM Bermuda […]
Hail has turned into one of the more problematic risks for property insurers. According to the III, the industry sustained over $13 billion in losses in 2019, and in 2020, that number increased to $14.2 billion. Hail-related losses are unpredictable, but generally seem to be increasing due to a number of factors: Exposure is increasing […]
Geospatial analytics integration will deliver risk assessment and mitigation insights at faster speeds and with more accuracy Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced a new integration with CAPE Analytics, which uses deep learning and geospatial imagery to provide real-time property intelligence. The integration […]
Insurance carriers and real estate investors in Canada can now access CAPE property characteristics and condition attributes to make better underwriting and investment decisions Today, CAPE Analytics, the leader in AI-powered geospatial property intelligence, is announcing its expansion into Canada. Now, property stakeholders can access the most accurate and recent data available for many properties […]
Regulatory approval across nearly a third of U.S. states demonstrates the impact and utility of CAPE geospatial data in improving insurance pricing Today, CAPE Analytics, the leader in AI-powered geospatial property intelligence, is announcing a significant milestone in the use of its property attributes for insurance policy pricing across the United States. The company, in […]
CAPE’s API and web application allow State Auto to improve small commercial property underwriting workflows and risk selection Today, CAPE Analytics is announcing State Automobile Mutual Insurance Company (State Auto), a leading digital provider of property and casualty insurance, is expanding its relationship with CAPE, to bring geospatial property intelligence to its small commercial property […]
