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Mercury Insurance adopts CAPE Analytics AI underwriting tools

7th December 2021 - Author: Matt Sheehan

Multi-line insurer Mercury Insurance has decided to adopt the suite of property intelligence solutions from CAPE Analytics into its underwriting workflows.

CAPE’s property attributes and risk scores will be leveraged by Mercury to instantly assess risk on a property-by-property basis across the states it operates in, including California.

By integrating this new source of property intelligence, such as roof condition,  Mercury hopes to improve new business and renewal underwriting efficiency.

CAPE’s property attributes will also allow Mercury to work with homeowners to reduce their vulnerability to weather events through achievable risk mitigation practices.

“At Mercury, we are always looking for predictive data and effective tools to enhance our underwriting and pricing, which will allow us to better serve our customers,” said Kelly Glover, Director of Personal Property Underwriting at Mercury Insurance.

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“CAPE Analytics’ products provide us with a unique and granular view of the properties we insure, which will transform the way we look at risk. We look forward to working with CAPE to introduce this new information into our business workflow.”

Busy Cummings, Chief Revenue Officer at Cape Analytics, also commented: “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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