The commercial insurance industry has been working with automation for some time with underwriting for small commercial lines as well as online quoting platforms developed by some insurtech firms. With the growth and inclusion of AI in almost everything we touch now, it is no surprise to see AI working behind the scenes in the insurance industry as well. One company in particular, CAPE Analytics, is being utilized by a growing number of carriers to aid their underwriting efforts on their commercial clients — from evaluating submissions on habitational clients to roofing age and condition evaluations. Attached below is a link to a report from CAPE Analytics that provides a summary of what they have to offer the insurance industry.
CAPE Analytics – Report on Commercial Residential Property Intelligence
