Cypress to leverage CAPE technology for property insurance

CAPE Analytics has partnered with Cypress Property & Casualty Insurance Company to integrate its proprietary intelligence to offer faster underwriting decisions that more accurately price risk.

Founded in 2014, CAPE provides AI-powered geospatial property intelligence for building across the US and Canada.

Through the partnership, CAPE said Cypress can better protect its insureds, whilst streamlining business practices and monitoring their book of business over time.

Cypress will integrate CAPE’s property intelligence to improve its underwriting process, support new business quoting, verify eligible properties efficiently, and mitigate various risks including hurricanes and other disastrous weather events.

“This partnership comes as another major milestone for CAPE as we continue to expand our capabilities and offerings for real estate, home insurance and commercial insurance. Our proprietary Roof Condition Rating insights help our partners, like Cypress, streamline the underwriting and renewal process, and verify eligible properties quicker than ever before,” CAPE said.

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