Reinsurance News

ZestyAI

AI adoption in insurance grows amid rising extreme weather risks: ZestyAI

8th November 2024

As losses from extreme weather increase, insurers are rapidly adopting AI risk assessment models, with one in four now using AI for convective storms and 18% for wildfires, according to a recent survey by ZestyAI. ZestyAI’s survey, which collected responses from 200 senior insurance leaders, explores how the industry is responding ... Read the full article

Donegal Insurance Group partners with ZestyAI for property risk assessment solution

25th October 2024

Donegal Insurance Group has partnered with ZestyAI, a climate and property risk analytics solutions provider, to utilise its new AI-powered solution to enhance property risk assessment by accurately determining roof age across the US. Through the project, Donegal will utilise ZestyAI’s Roof Age solution to fill in the missing roof age ... Read the full article

West Bend enhances underwriting with ZestyAI’s AI-powered risk analytics

24th September 2024

West Bend Insurance Company has expanded its partnership with ZestyAI to incorporate more AI-powered risk analytics into its underwriting process. West Bend will now utilise ZestyAI’s property risk platform, Z-PROPERTY, to improve the accuracy of its underwriting and renewal processes for personal lines insurance. Z-PROPERTY uses AI and computer vision to analyse ... Read the full article

Zesty AI & Amica Mutual expand partnership in face of increasing climate risks

12th August 2024

Zesty AI, a provider of climate and property risk analytics solutions powered by artificial intelligence (AI), and Amica Mutual Insurance, a provider of auto, home and life insurance, have expanded their long-standing partnership. According to the announcement, Amica will now leverage ZestyAI’s full property and climate risk analytics platform, which includes AI-powered climate ... Read the full article

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

ZestyAI’s AI-powered Severe Convective Storm Models secure regulatory approval in Texas

26th July 2024

ZestyAI, a provider of AI-driven climate and property risk analytics solutions, has received approval for use in rating and underwriting from the Texas Department of Insurance for its complete suite of Severe Convective Storm products. These include Z-HAIL, Z-WIND, and Z-STORM, which along with Z-FIRE, ZestyAI's predictive wildfire risk analytics product, ... Read the full article

ZestyAI partners with Duck Creek for property and climate risk analytics

20th June 2024

ZestyAI, a provider of AI-driven climate and property risk analytics solutions, has announced a strategic partnership with Duck Creek Technologies, a provider of core systems for property and casualty (P&C) insurance. This collaboration positions ZestyAI as a Solution partner within Duck Creek’s ecosystem, enabling property and casualty insurers to utilise advanced ... Read the full article