Juniper Re Strengthens Catastrophe Analytics Platform with CAPE Analytics Collaboration
TAMPA, Fla. – July 18, 2024 – Juniper Re, LLC (“Juniper Re”), the dynamic reinsurance broking arm and indirect subsidiary of The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) (“Baldwin”) (NASDAQ: BWIN), and CAPE Analytics, Inc. (“CAPE”), a leading provider of AI-driven property intelligence, are pleased to announce a strategic collaboration to deliver key portfolio-improving property risk insights to Juniper Re clients, as well as a differentiated view to the reinsurance market.
This collaboration adds another strategic component to Juniper Re’s sophisticated, tightly woven catastrophe analytics platform uniquely designed to provide clients with distinct insights, enhanced positioning in the reinsurance marketplace, and improved overall portfolio and company performance by leveraging exceptional, specialized technology capabilities.
With the addition of CAPE to Juniper Re’s dynamic catastrophe analytics platform, the team introduces the ability to provide comprehensive property data insights through the analysis of high-resolution imagery and other data sources using computer vision and machine learning. This data includes detailed information on roof condition, building attributes, and property vulnerability to potential hazards such as hail, wind, and wildfire.
Juniper Re aims to improve data accuracy and risk management strategies for insurers, MGAs, and other providers of insurance products by integrating CAPE’s insights into its forward-thinking catastrophe modeling platform. By doing so, Juniper Re can enable clients to better prepare for, understand, and predict potential property losses, ultimately providing clients with more efficient, tailored, and effective solutions.
Juniper Re’s Head of Catastrophe Analytics, Adam Miron, added, “Our focus in developing our dynamic, interconnected platform has been identifying exceptional technology, determining how to maximize capabilities, and developing mutually advantageous relationships, all tailored to provide unique, impactful insights. Through our collaboration with CAPE, we can augment our client’s data to refine our analysis and ultimately distinguish them in the reinsurance marketplace. Furthermore, CAPE’s roof condition, wildfire, and hail intelligence enables us to show profitability impacts by integrating best-in class hazard and vulnerability data. At the end of the day, integrating this intelligence into our catastrophe analytics platform allows us to differentiate our clients, and ourselves, in the market.”
“We’re thrilled to be working with Juniper Re to provide new and more accurate property risk insights that can help improve carrier risk management and profitability,” said Busy Cummings, CAPE’s Chief Revenue Officer. “We look forward to seeing Juniper Re apply CAPE’s market-leading property intelligence solution for reinsurance placements in a way that adds tremendous value to the broader property insurance industry.”
ABOUT JUNIPER RE, LLC
Launched in October 2023, Juniper Re is a specialist reinsurance broker, comprised of talented and trusted professionals with extensive experience and knowledge in the reinsurance broking and the broader (re)insurance industry. Our team has extensive expertise across broking, analytics, client service, risk and compliance, and operational disciplines. We use a dynamic, analytical, and collaborative, cross-disciplined approach to deliver insightful counsel and solutions to our clients. For more information, please visit www.juniperre.com.
ABOUT CAPE ANALYTICS:
CAPE Analytics provides AI-powered, geospatial property intelligence for buildings across the United States, Canada, and Australia. CAPE enables residential and commercial property stakeholders, including insurance carriers and financial institutions, to access valuable and predictive property insights and risk scores instantly. CAPE property intelligence offers the accuracy and detail that typically require an on-site inspection but with unparalleled immediacy and coverage. Founded in 2014, CAPE Analytics is backed by leading venture capital firms and insurers and is led by machine learning, data infrastructure, and property risk experts. Learn more at www.capeanalytics.com.
ABOUT THE BALDWIN GROUP:
The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our Clients the confidence to pursue their purpose, passion and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our Clients. We do this by delivering bespoke Client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our Clients, Colleagues, Insurance Company Partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than two million Clients across the United States and internationally. For more information, please visit https://baldwin.com/.