Mercury Insurance Adopts CAPE Analytics’ AI Property Intelligence for Insurance Underwriting
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 insurance will allow Mercury Insurance to:
- Implement new business and renewal underwriting efficiency
- Work with homeowners to reduce their vulnerability to weather events through achievable risk mitigation practice
- Ensure it is providing its customers with the right insurance coverage at the right price, with the speed that today’s consumer expects
This partnership is a major milestone for CAPE as we continue to build new, predictive analytics for our clients. While novel risk signals, such as our proprietary Roof Condition Rating, are available instantly and can help carriers like Mercury better segment risk, additional insights, like CAPE’s new Wildfire Vulnerability Rating and Mitigation Potential, can arm carriers with valuable information for their insureds and help homeowners reduce the likelihood of sustaining property damage.
To learn more about the news, read about it here.