Moody's acquisition of Cape Analytics aims to enhance its property risk analytics by integrating geospatial AI technology, providing advanced insights for insurance underwriting.
With Cape's AI-powered property risk intelligence, Moody's intends to combine their existing models, offering clients the most sophisticated risk analytics in the insurance sector.
A recent survey indicated that 77% of insurers are adopting AI technologies, reflecting the industry's shift towards leveraging predictive analytics in decision-making.
Cape uses geospatial imagery to allow insurers to assess properties remotely, significantly improving efficiency in the underwriting process through structured data analysis.
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