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CAPE Analytics Expands AI-Powered Property Insights with Vexcel Partnership

Revolutionizing Property Risk Analysis: CAPE Analytics Partners with Vexcel to Enhance AI Capabilities

Author

Zachary Parris
June 21, 2024

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CAPE Analytics, renowned for its AI-powered property intelligence, has joined forces with Vexcel to leverage their extensive aerial imagery library. This partnership will allow CAPE to offer more precise, reliable, and timely property risk analytics.

This development directly benefits insurance carriers, financial institutions, and property owners in the United States, Canada, and Australia. CAPE’s clients include the top 30 homeowners insurance carriers in the US and some of the world's largest investment banks.

The partnership was officially announced on June 21, 2024, marking a pivotal moment for the property intelligence industry.

For insurance carriers and real estate stakeholders, accurate and timely property risk analytics are critical. The integration of Vexcel’s high-resolution imagery with CAPE’s advanced AI models will enable these entities to better manage and mitigate risks. Homeowners and business owners will also benefit from more precise assessments of property conditions and potential risks.

Key Benefits:

  • Enhanced Coverage: CAPE’s property insights now extend to 99.6% of the US population, with plans to expand to rural areas and new countries like New Zealand.

  • Post-Disaster Analytics: The partnership provides access to Vexcel’s post-disaster Gray Sky imagery, allowing for rapid and detailed damage assessments following major weather events.

  • Improved Risk Management: Combining CAPE’s predictive analytics with Vexcel’s imagery enables more accurate predictions and risk evaluations, helping clients make informed decisions.

Ryan Kottenstette, CEO of CAPE Analytics, expressed enthusiasm about the partnership: “This collaboration with Vexcel represents a transformative step in our mission to deliver the most precise and up-to-date property risk analytics.”

Erik Jorgensen, CEO of Vexcel, added, “We are thrilled to partner with CAPE Analytics and see how our imagery will enhance their innovative property analytics across multiple countries.”