About Avanta Ventures
As the venture capital arm of CSAA Insurance Group, we're empowering startups to bring fresh ideas forward.

Category

Tags

Cape Analytics Case Study

CSAA Insurance Group improved underwriting and efficiency with Avanta Ventures’ Portfolio company Cape Analytics’ AI-based property intelligence
Published on Oct 22, 2020
aerial view of neighborhood

The process of home inspections can be time-consuming, expensive, and at times, inaccurate. CSAA Insurance Group, a AAA Insurer recognizes the challenges that come with home insurance underwriting and has turned to Cape Analytics, an Avanta Ventures portfolio company, as a solution. Leveraging Cape Analytics’ advanced artificial intelligence (AI) technology, CSAA Insurance Group was able to more quickly and inexpensively assess the condition of policyholders’ homes. Thanks to their database of more than 70 million residential buildings in the United States, Cape Analytics was able to provide timely and accurate property information by using geospatial imagery, computer vision, and deep learning.
By partnering with Cape Analytics, CSAA Insurance Group is now able to:

  • Proactively alert members to roof damage requiring repair
  • Reduce unnecessary inspections of high-quality roofs, speeding up policy underwriting
  • Provide more accurate pricing on new policies and renewals. (Cape Analytics identified significant opportunities to more accurately underwrite individual risks by providing better roof assessment and identification of pools, trampolines and yard debris)

To read the full case study, click here to download.

Related Posts:

Share This