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Cape Analytics: Turning Imagery into Property Specific Intelligence

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Ryan Kottenstette, Co-Founder & CEO

Administration and risk management are significant components of insurance companies. However, efficient administration and risk management depend on property asset data. Insurers, moneylenders, and capital markets today acquire property information from old tax records or the manual on-site inspections that are usually inaccurate or old. With technology penetrating the insurance, real estate, and construction industries, access to accurate and up to date property information becomes easier. Looking ahead to position itself at the forefront of this push is Cape Analytics, a San Francisco based AI-enabled startup. The company unlocks the value of massive amounts of geospatial imagery using deep learning and rigorous data science insurance firms better understand the risk profile and value of property assets. Cape Analytics combines computer vision and deep learning with geospatial imagery to provide insurance firms actionable information and help them evaluate valuable property attributes at the time of underwriting. Its imagery updates can detect and assess a property remotely.

As a provider of reliable data streams of instant, accurate commercial property information, Cape Analytics allows insurers to better select risks and streamline their underwriting processes while improving the customer experience. The company aims to save insurance firms from having to send someone out to inspect a property manually, which can be a resource-intensive process. Cape Analytics fulfills this by the provision of two solutions— insurance and reinsurance. Through the insurance solution, clients can power online quoting with valuable property attributes available. With this, the customer experience can be improved by offering them with the correct price the first time, not changing it later. With access to the property information upfront, insurers can make faster and more accurate initial underwriting decisions, thereby elevating the entire process of scrutiny.

We have deliberately prioritized forward-thinking customers who provide critical product insight and reflect our customer-driven philosophy. This also recognizes our leadership in the residential property intelligence space as the only provider of accurate, instant, and up-to-date property data

This solution also helps the insurance companies get up-to-date information about their property before renewal. With the reinsurance solution, Cape Analytics relies on information submitted by cedents or third-party finance groups and adds validated secondary modifiers to the cedent data before assessment. Cape Analytics’ reinsurance solution thus simplifies the evaluation of cedent portfolios by choosing, pricing, and negotiating the cedent contracts. Cape Analytics offers comprehensive and accurate intelligence at the time of quote, with the speed and breadth necessary to improve underwriting processes. Cape Analytics’ property intelligence includes a targeted selection of rigorously-developed property attributes.

Backed by leading venture capital firms like Nephila, and CSAA, Cape Analytics comprises of computer vision and risk analysis experts. The company’s global team of computer vision and data science PhDs is paired with significant industry expertise related to property risk. The company has specialized in evaluating single-family homes, building a database of 70 million single home properties across the U.S. With notable investors on the board, Cape Analytics raised 14 billion dollars back in 2016. Today, the company is expanding its services with the inclusion of other commercial residence types, such as multi-family low-rise apartment buildings of up to four stories, condominiums, and more. Ryan Kottenstette, CEO and co-founder at Cape Analytics, says, “We have deliberately prioritized forward-thinking customers who provide critical product insight and ref lect our customer-driven philosophy. This also recognizes our leadership in the residential property intelligence space as the only provider of accurate, instant, and up-to-date property data.”

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Company
Cape Analytics

Headquarters
Mountain View, CA

Management
Ryan Kottenstette, Co-Founder & CEO

Description
Cape Analytics, a San Francisco based AI-enabled startup, is providing companies which protect and finance homes and businesses, with actionable information to help them better understand the risk profile and value of property assets. Since 2014, Cape Analytics combines computer vision and deep learning with geospatial imagery to help insurance companies evaluate valuable property attributes at the time of underwriting. Its imagery updates can detect and assess a property remotely. The company is backed by leading venture firms and comprised of computer vision and risk analysis experts. Cape Analytics allows insurers to better select risks and streamline their underwriting processes while improving the customer experience