ZestyAI and DuckCreek Collab To Enhance Insurers' Property and Climate Risk Analysis

ZestyAI, a leading provider of AI-driven climate and property risk analytics, has announced a strategic partnership with Duck Creek Technologies, a core systems provider for property and casualty (P&C) insurance. This collaboration aims to revolutionize how insurers assess and manage climate-related risks.

ZestyAI has partnered with Duck Creek Technologies to integrate advanced property analytics and specific risk scores into Duck Creek's ecosystem.

This partnership benefits property and casualty insurers who are Duck Creek customers, providing them with enhanced tools for risk assessment. The announcement was made on June 20, 2024.

The P&C insurance industry has been facing increasing losses due to natural disasters like wildfires and severe storms. This partnership offers insurers the ability to utilize cutting-edge AI and data science to better evaluate and mitigate these climate risks. The integration of ZestyAI’s models into Duck Creek’s platform allows for a more accurate and efficient approach to risk management, optimizing risk selection and tailoring insurance offerings based on precise data insights.

Robert Fletcher, Sr. Partner Manager at Duck Creek, stated, “Our mutual customers are looking for the most accurate, location-specific data to assess the underlying risk of a property. Through this new partnership with ZestyAI, we continue to demonstrate the power of Duck Creek’s open platform, which enables insurers to rapidly integrate innovative solutions.”

Attila Toth, Founder and CEO of ZestyAI, added, “The insurance industry is undergoing a seismic shift when it comes to the availability of technology and data. Our models are rooted in materials science and atmospheric science to tackle major challenges like wildfires and severe convective storms.”