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.
