By Bobby Davis, Senior Product Manager As AI technologies continue to mature and proliferate, the insurance industry is starting to latch on to their business benefits. Forward-leaning carriers have taken steps to test and operationalize AI across nearly every underwriting workflow. As this shift occurs, insurers are left with a pivotal choice: should they buy […]
(According to geospatial imagery)
This post was jointly written by our team, including Giacomo Vianello (Senior Data Scientist), Kyler Brown (Senior Data Scientist), Kajari Ghosh (Software Engineer), Dan Vasquez (Senior Software Engineer), & Michael Chen (Senior Software Engineer) Since 2016, Cape Analytics has partnered with a local high school called Cristo Rey, whose student body is comprised of underserved teens from the […]
An AI-driven analysis of damage from Hurricane Irma unearths actionable findings for insurers with wind exposure.
It was only a few years ago that the insurance industry started to ditch ladders and manual inspections of homes for aerial imagery solutions. Aerial imagery has proven to expedite critical processes across the insurance value chain by providing a top-down view of a property in place of – or supplementing — a traditional drive-by […]
Pre-underwriting would be a large shift for insurers, altering everything from their profitability to their business models.
Cape Analytics has developed Roof Condition Rating, a new property attribute that identifies exposures with increased potential for roof claims Underwriting, rating, and portfolio management strategies depend on knowledge of the exposure and its specific property characteristics. Because 45% of all homeowners claims are related to wind or hail damage 1, predominantly impacting the roof […]
By Kevin Van Leer, Cape Analytics, originally published by Insurance Journal. Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and Tennessee. These events have driven the insurance industry – residential […]
By Ryan Kottenstette, CEO, Cape Analytics (originally published by Property Casualty 360) Carriers that fail to leverage new, critical risk selection criteria are increasingly likely to suffer adverse business outcomes Since ship owners and underwriters began gathering at Lloyd’s Coffee House to insure voyages across the British Empire, insurance has been about proper risk selection. To aid in […]
