Reinsurance News
Zesty.ai
ZestyAI launches AI model to tackle non-weather water claims
6th August 2024
Climate and property risk analytics provider ZestyAI has launched Z-WATER, an AI-powered property-specific model designed to predict the frequency and severity of non-weather water and freeze claims. Non-weather water claims are a leading cause of insurance losses, ranking third nationwide, highlighting the urgent need for a predictive tool like Z-WATER. Z-WATER is ... Read the full article
Florida Peninsula partners with ZestyAI for enhanced property risk assessment
29th April 2024
ZestyAI, a company that leverages artificial intelligence (AI) for risk assessment, has announced its partnership with Florida Peninsula Insurance Company, integrating ZestyAI's Z-PROPERTY Location Insights solution to enhance underwriting precision and elevate customer experience. ZestyAI's advanced property analytics solutions employ cutting-edge computer vision and machine learning technologies to extract valuable insights ... Read the full article
Cytora partners with ZestyAI to strengthen commercial property underwriting
29th November 2023
Cytora, a digital risk processing platform, has partnered with ZestyAI, a company that leverages artificial intelligence for risk assessment, to bolster commercial property underwriting with integration of climate models. According to the announcement, the integration of ZestyAI into the Cytora platform will equip commercial insurance underwriters with the analytics and risk ... Read the full article
California FAIR Plan partners with ZestyAI to determine appropriate pricing
30th October 2023
The California FAIR Plan Association, the state’s property “insurer of last resort,” has partnered with ZestyAI, a provider of climate and property risk analytics solutions, to access its wildfire risk analytics product to properly assess wildfire risk in the state. Through this partnership, FAIR Plan - the California Fair Access to ... Read the full article
MSI expands partnership with ZestyAI to all western wildfire states
13th September 2023
After successfully utilising ZestyAI's Z-FIRE model to evaluate property-level wildfire risk for homeowners' insurance underwriting and rating in California, Millennial Specialty Insurance (MSI) will now expand ZestyAI's climate risk models to all western wildfire states for enhanced data-driven wildfire risk analysis. Commenting on the expanded partnership, Naimish Patel, President, Homeowner’s Insurance ... Read the full article
ZestyAI leaders highlight the benefits of AI within P&C underwriting
15th May 2023
According to leaders from ZestyAI, an AI-enabled property and risk analytics platform, property and casualty (P&C) underwriting can be significantly improved using AI. In a recent discussion with McKinsey, executives from ZestyAI noted how insurers’ capacity to accurately estimate, price, and mitigate risks is core to their value to the market. AI ... Read the full article
ZestyAI rolls out analytics solution for convective storms
25th April 2023
Climate and property risk analytics provider ZestyAI has announced that severe convective storms have joined the list of perils addressed by the its risk analytics platform. The company claims that Z-HAIL and Z-WIND are the first AI models to give carriers hail and wind risk assessment that can be used in ... Read the full article
ZestyAI & IBHS research stresses value of data on smaller hailstone impacts
21st April 2023
A joint study from climate and property risk analytics provider ZestyAI and the Insurance Institute for Business & Home Safety (IBHS) has highlighted the importance of data on smaller hailstone impacts and their wider effect on the P&C market. According to the research, hail losses have long been a problem for ... Read the full article
Berkshire Hathaway extends partnership with Zesty.ai
10th August 2022
Berkshire Hathaway Homestate Companies has announced that it has expanded its partnership with Zesty.ai to leverage its AI-powered wildfire risk model, Z-FIRE across 12 states. Z-FIRE is designed to enhance insurers’ risk selection and rate setting while helping them to understand the impact of climate change on wildfires and in turn ... Read the full article
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