CAPE Analytics, an artificial intelligence powered property intelligence provider, announced the launch of an expanded hail product suite, built to provide property insurers with a comprehensive toolkit for assessing and pricing property-level hail risk.
CAPE Hail Intelligence combines machine learning, imagery analytics, and forensic weather history for a view of hail risk, including risk scores and analytics such as a hail experience rating that estimates the likelihood that a property has experienced recent hail damage that cannot be captured by roof condition assessments.
It also provides a hail vulnerability rating that considers factors such as structure footprint, roof condition, and roof covering material to help insurers assess a property’s susceptibility to hail damage, and a hail risk rating that provides insurers with an overall assessment of a property’s risk to hail by combining vulnerability and forensic weather analytics from Canopy Weather.
Its hail loss severity rating also estimates the potential severity of a future hail claim based on a property’s characteristics to help insurers gauge the monetary impact of hail damage.
CAPE Analytics provides instant property insights for residential and commercial buildings by analyzing high-resolution imagery, property records, and data sources using computer vision and machine learning. With a mission to better understand and protect the built environment, CAPE provides property stakeholders with risk-predictive property attributes. Comprised of insurance, real estate, and data experts, CAPE is backed by venture capital firms and insurance carriers.
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and managing general agencies, announced the launch of Circ, a regulatory offering to monitor, analyze, interpret, and implement regulatory changes.
Circ delivers changes directly into an insurers policy administration system and enables insurers to gain a unified understanding of upcoming changes in collaboration with the bureaus, aiming to empower them to set informed filing dates while receiving service from Insurity’s regulatory experts.
Insurity processes more than 3,000 bureau circulars annually and works with each property/casualty carrier and managing general agency to understand their approach to implementing regulatory changes. This results in more than 12,000 changes made annually. With Circ, Insurity works to empower insurers to make the most out of bureau content from both major and independent state bureaus across 20 lines of business, 50 states, Washington D.C., and Puerto Rico.
Vouch, a provider of business insurance for venture capital backed startups, announced the launch of Vouch Horizon, a tailored insurance offering for scale-stage startups grappling with complex risks and insurance requirements.
Vouch Horizon is designed to support tech leaders as they scale from Series B to IPO. It offers brokerage access to a curated marketplace of technology-focused insurance carriers, exclusive policies designed for tech and life science risks, an ecosystem of partners providing risk management services, consultation services for third-party contract negotiations, and targeted benchmarking data, as well as a group of seasoned insurance experts specialized in industry niches.
Additionally, Vouch Horizon offers a no-charge, no-obligation, comprehensive coverage analysis.
Sources: CAPE Analytics, Insurity, Vouch