MOUNTAIN VIEW, Calif. & SAN DIEGO, Calif.--(BUSINESS WIRE)--Today, Cape Analytics, the leader in AI-powered property intelligence, has chosen HazardHub, the nation’s fastest-growing supplier of geospatial risk data, as a provider of property-specific hazard information for Cape Analytics’ insurance and reinsurance customers. Together, the two companies offer carriers the most comprehensive, accurate, and risk-relevant property data available today, all accessible instantly via API.
Cape Analytics now supplements its granular, loss-predictive features, such as Roof Condition Rating, with hundreds of contextual hazard-related data fields that can further enhance signal and understanding of overall property risk. This includes comprehensive, national coverage for risks that destroy and damage property, including perils from air (wind, hail, tornado, lightning), water (flood, coastal storm surge), earth (earthquake, brownfield, Superfund) and fire (wildfire and fire protection).
The speed, scale, and coverage of both solutions make them ideal for use at time of quote in order to guide underwriting workflows. Now, insurers can use HazardHub information in tandem with Cape Analytics property attributes to make more informed underwriting decisions at time of quote; further optimize inspection models for all hazard zones; and improve customer experience by suggesting relevant risk mitigation practices to policyholders.
“With property intelligence from Cape Analytics, carriers have the critical property-level data required to assess the vulnerability, value, and condition of every risk. Now, combined with extensive, high-quality hazard data from HazardHub, carriers can power key risk assessment workflows with a complete view of every property,” said John Clark, VP of Product at Cape Analytics.
John Siegman, Chief Revenue Officer and Founder of HazardHub, said, “We’re very excited to enter into this partnership with Cape Analytics. Combining HazardHub’s vast breadth of geospatial hazard data with Cape’s cutting-edge property data will provide our carrier partners with the best of both worlds. This combined data will reward both carriers and the property owners who actively manage the risks on and around their properties.”
About Cape Analytics
Cape Analytics uses AI and geospatial imagery to provide instant property intelligence for buildings across the United States. Cape Analytics enables insurers and other property stakeholders to access 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. Founded in 2014, Cape Analytics is backed by leading venture firms and innovative insurers and is comprised of computer vision and risk analysis experts.
Air. Fire. Water. Earth. Man Made. HazardHub is the only third-generation provider of property-level hazard risk databases spanning the most dangerous perils in the continental United States. HazardHub translates huge amounts of geospatial digital data into easy to understand answers, providing easy to comprehend risk scorecards that are used to make real-world decisions. Our team of scientists provides comprehensive, and innovative, national coverage for risks that destroy and damage property.