Insurance companies must conduct checks on anything being insured to calculate its approximate risk, and whilst this is regularly performed on a macro level, granular information about individual properties is often not available. Due to the scarcity of this information, many homeowners and businesses struggle to get insured due to unrealistic risk forecasts.
Zesty.ai provides an AI-driven insurance intelligence platform, collecting granular information on properties such as aerial imagery, permits, and weather to offer insurance providers a more detailed understanding of a property’s risk. The company claims that this approach will help clients get insurance when they otherwise couldn't, whilst allowing insurance providers to tap into a new market.
Whilst other insurance startups are leveraging AI to provide more data-driven insights into risk levels, Zesty.ai has uniquely specialized in climate-related data such as aerial imaging and weather, helping clients tackle the growing wildfire risks in the U.S. The company also archives such data for use in climate risk models to power AI-driven products such as fire, hail, and flood risk calculators.
Steph
Company Specialist at Welcome to the Jungle