property data coverage
Cape Analytics expands AI-driven property data coverage to national U.S market - Reinsurance News
Cape Analytics, a re/insurance data analytics provider, has announced that its property data coverage has been launched across the entire continental U.S, and claims it is the first national coverage to provide instant, imagery derived property information. The expanded coverage will allow U.S re/insurers to instantaneously access data on over 70 million buildings, meaning they can pre-fill property information, choose better risks, price policies more accurately, and reduce post-binding adjustments and cancellations. Cape Analytics also expects the product to streamline the process of home insurance application for consumers by facilitating more accurate online quotes. The company uses computer vision and machine learning to turn current geospatial imagery into structured data for any property, and provides access to 500 million data points that can inform users about a range of issues, such as nearby hazards, building footprints, and roof condition. The expanded coverage also includes new re/insurer-specific data features, such as roof characteristics like geometry, covering material, condition, and extensions; building characteristics like solar panels, and pool enclosures; and parcel characteristics.
- Information Technology > Data Science (0.75)
- Information Technology > Artificial Intelligence (0.61)