AI-powered property intelligence provider CAPE Analytics has partnered with Mercury Insurance to integrate its suite of property intelligence solutions.
CAPE Analytics said that the integration of its solutions will allow Mercury Insurance to implement new business and renewal underwriting efficiency, work with homeowners to reduce their vulnerability to weather events through achievable risk mitigation practice, and ensure it is providing its customers with the right insurance coverage at the right price, with the speed that today’s consumer expects.
Founded in 2014, CAPE Analytics provides instant property intelligence for building across the US and Canada, enabling residential and commercial property stakeholders to access valuable property attributed instantly, with the detail that typically requires an on-site inspection.
In November, CAPE Analytics partnered with Socotra to integrate its property insights on Socotra’s platform, providing joint customers with access to CAPE’s property intelligence data, powered by geospatial imagery, risk-relevant information, and machine learning.
Busy Cummings, chief revenue officer at Cape Analytics, said, “CAPE is thrilled to be a key data partner to Mercury Insurance as our team continues to push the boundaries of our property intelligence solutions.
“While new risk signals, such as our proprietary Roof Condition Rating, are available instantly and can help carriers like Mercury better segment risk, additional insights, like CAPE’s new Wildfire Mitigation Potential, can arm carriers with valuable information for their insureds and help them reduce the likelihood of sustaining property damage.”
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