CSAA Insurance Group has partnered with Cape Analytics on a new solution for home inspections.
The insurer's new program will use AI technology for a faster and more cost-efficient procedure. Using Cape Analytics' Roof Condition Rating, CSAA can detect missing shingles, tarps and discoloration. Tapping into this database of more than 70 million residential building in the U.S. means less underwriting time.
“Being able to properly price and underwrite a home’s roof enables us to make consistent and objective underwriting decisions in our day-to-day business and help best insure and serve AAA members,” said Brian Gaab, managing principal of core innovation at CSAA Insurance Group.
Cape’s algorithms applied to the visual data identify property attribute and loss-predictive signals. The technology allows CSAA to accurately provide insurance quoting, improved underwriting decisions, risk selection and customer experience.
"We are proud to call CSAA Insurance Group a true strategic partner. Together, Cape Analytics and CSAA Insurance Group have explored new ways to combine AI, rigorous data science, and geospatial imagery in order to deliver a better experience to AAA members, as well as more accurate pricing and faster underwriting decisions," said Ryan Kottenstette, CEO at Cape Analytics.
