TigerRisk Partners, the reinsurance and capital advisory, and Cape Analytics, a property data and analytics company, have partnered to provide proprietary before-and-after aerial imagery to speed up the processing of insurer’s Hurricane Irma Claims.
Hurricanes Harvey and Irma left many U.S. insurers with limited access to the claims adjustment resources needed to efficiently handle claims received for policyholder’s property loss and damage.
Crosby Branch, TigerRisk’s U.S. Head of Innovation, recognised the opportunity to aid TigerRisk’s clients with Cape Analytics’ capabilities; “We instantly saw the value Cape Analytics could bring to our clients by helping them identify the properties in their portfolios most impacted by Irma, prioritize their claims efforts and then deliver the level of service their customers have grown to expect.”
TigerRisk and Cape Analytics helped insurers identify reported and unreported losses to TigerRisk’s clients with the use of proprietary before-and-after aerial imagery.
The aerial footage enabled carriers to determine losses and manage claims from even the most hard hit and difficult to access regions.
Ryan Kottenstette, Founder and CEO of Cape Analytics, commented; “Cape Analytics’ mission is to provide the property insurance industry with risk-related data automatically extracted from high quality imagery to support their business needs.
“Following the events of Hurricane Irma, we are proud to have supported several TigerRisk clients by providing insight into the condition of properties across Florida, enabling them to provide truly first-class service to their customers in a time of need.”
Michael McNitt, CEO of Cabrillo Coastal, one of the companies affected, added; “Cape Analytics’ technology enabled our claims units to provide an enhanced level of service to our homeowners and provide them with the support they need in this time of crisis.”