CAPE will develop property risk analytics leveraging structural attributes from Google geospatial data in order “to support innovation across the insurance industry and better protect homes and businesses”
Protecting people, society, and the economy “means safeguarding homes, businesses, and other structures—especially from catastrophic weather events.”
Property insurance is “a critical component in creating this protective layer, and insurance carriers need access to the most up-to-date property condition and building attribute information to quickly assess, manage, and effectively mitigate risk.”
To this end, leveraging AI, imagery, and other data sources “to deliver the most accurate and objective property intelligence has been at the core of CAPE Analytics’ mission since its founding in 2014.”
Today, CAPE is pleased to “unveil its partnership with Google to further this mission and leverage structural attributes from Google’s aerial imagery and digital surface models (DSM) in its property intelligence platform and weather risk solutions.”
CAPE’s structural insights “range from roof dimensions to wildfire and hurricane risk scores.”
Adding Google’s geospatial services to CAPE’s property intelligence platform “creates a robust and powerful geospatial analytics offering explicitly built for insurance carriers.”
This partnership “enables CAPE to provide insurance carriers with extended coverage and property information they require to proactively mitigate risk and help prevent property damage.”
The property analytics “offered by CAPE will also help enable continued product innovations as well as research into best practices for effective home hardening and risk mitigation actions.”
Ryan Kottenstette, CEO and Founder of CAPE Analytics, said:
“Our partnership with Google helps us better understand property risk. By better understanding how properties are vulnerable to weather events, homeowners, business owners, and insurance carriers can better manage and mitigate that risk. Together with our partners, CAPE continues to lead the way in building the industry’s best-of-breed property intelligence solution that meets the highest expectations for accuracy, speed, coverage, and currency.”
Chip Hall, Managing Director – Geo Enterprise Global Sales at Google, said:
“CAPE has been a tremendous partner. We are impressed by CAPE’s innovation in this space and excited to see the value CAPE can bring to the insurance industry using our geospatial services.”