CAPE Analytics Partners with American National to Support Risk Assessment 

American National will now be able use CAPE’s AI-driven solution to aid in risk management and underwriting.

 (Image credit: Annie Botía/Unsplash.)

CAPE Analytics, a Mountain View, California–based provider of AI risk-assessment solutions, has announced its integration with insurance carrier American National to enhance its risk management and underwriting processes by leveraging CAPE property insights, according to a statement from CAPE.

Stephanie Grobin SVP, P&C Chief Underwriting and Product Office, American National.

According to the statement, CAPE’s geospatial property insights will allow American National to gain a more accurate view of risk throughout the policy lifecycle, improve underwriting efficiency, and detect risk-relevant changes at renewal. To start, American National will apply property attributes—such as CAPE’s gold standard Roof Condition Rating—along with other underwriting data, to policy renewals in order to improve profitability, mitigate property conditions that increase risk, and create additional workflow efficiencies.

“We’re thrilled to announce this integration with American National, which provided their team with instant and accurate intelligence for properties across the United States,” says Scott Moore, VP, Sales, CAPE Analytics. “By leveraging CAPE’s property insights, American National will be able to better assess risk and understand portfolio evolution, which ultimately provides their insureds with appropriate protection and unparalleled service.”

“At American National, we constantly look for ways to improve the service we provide our customers. Our collaboration with CAPE Analytics gives us access to cutting-edge technology and property insights that will help us better understand and mitigate risk for our customers,” adds Stephanie Grobin, Senior VP and P&C Chief Underwriting Officer, American National. 

In the future, American National will utilize CAPE’s insights in new business underwriting workflows to assist in optimizing inspection processes and better assessing new business risks. 

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Miles O’Donnell // Miles O’Donnell is a Vancouver, Washington-based student with an interest in journalism and business administration currently working as a junior reporter for Insurance Innovation Reporter. His interests include politics, philosophy and music.

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