Property Intelligence Solution

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Overview

Using AI and geospatial imagery, Cape Analytics provides insurers access to valuable property attributes at time of underwriting—with the accuracy and detail that traditionally required an on-site inspection, but with the speed and coverage of property record pre-fill.

Key Features

Cape Analytics provides information about characteristics and condition of individual properties, like the condition of the roof.

Available via API or match and append, carriers are able to use the data for every new business policy, all policies before renewal, and to evaluate their existing portfolio-in-force.

Key Benefits

  • Avoid writing risks more likely to result in costly claims

    • For example: Roofs with visibly poor exterior condition are more likely to result in claims

  • Reduce expenses by identifying risks in line with underwriting guidelines before binding a policy

    • By screening potential risks by earlier in underwriting process, avoid unnecessary costs and save time traditionally experienced by changing the premium after bind.

  • Offer the most competitive and accurate premiums, while reducing premium leakage

    • Often carriers will not have rated properly to reflect the risk, but not realize this until reviewing a claim which they ultimately pay, thus experiencing premium leakage

  • Optimize and reduce inspection spend

    • Reduce walk around inspections with more accurate information and eliminate drive-by inspections entirely.

  • Offer a better experience for customers and agents

    • Provide faster and more accurate quotes while reducing post-binding adjustments and cancellations.

Product/Service details

Geographic Availability
North America