(Image source: Standard Casualty website.)
Standard Casualty Company (New Braunfels, Texas), a specialized home-insuring solution business of Cavco Industries Inc. (Phoenix) that covers manufactured homes, has adopted ZestyAI’s platform to elevate risk assessment and policyholder collaboration. The technology will enable Standard Casualty to gain faster and more accurate insights into property risks which have become more complex due to the increase in extreme weather events driven by climate change, according to a ZestyAI statement. As a result, the vendor adds, Standard Casualty will be in a stronger position to maintain comprehensive coverage, particularly in high-risk states such as Texas, Georgia, Arizona, and New Mexico.
Rick Smith, Underwriting Manager, Standard Casualty.
The vendor statement notes that mobile homes are vulnerable to accidents and natural disasters, such as fires, floods, and storms. In some cases, due to their design and construction, mobile homes might be more susceptible to certain types of damage. Standard Casualty prioritized finding a solution that enables collaboration with policyholders to actively reduce these risks, allowing them to maintain coverage even in high-risk areas, the vendor reports. Through ZestyAI’s advanced analytics, Standard Casualty can now better support policyholders by identifying and addressing specific vulnerabilities before disaster strikes, the vendor says.
Standard Casualty will integrate ZestyAI’s Z-PROPERTY, Z-FIRE, and Z-HAIL solutions, described by the vendor as follows:
Z-PROPERTY delivers property-specific risk insights by analyzing building characteristics and environmental factors, empowering underwriters to make precise, informed decisions for each property.
Z-FIRE evaluates both wildfire hazard and vulnerability at the property level by analyzing unique structural characteristics and how they interact with local climate. With Z-FIRE, insurers like Standard Casualty can directly engage policyholders in tailored risk mitigation strategies.
Z-HAIL predicts hail claim frequency and severity for every property in the U.S., assessing the interaction of climatology, geography, and each structure’s unique features in 3D. This model builds on decades of scientific research and collaboration with leading researchers, including the Insurance Institute for Business & Home Safety (IBHS).
Attila Toth, CEO, Zesty.ai.
“We chose ZestyAI because their team knows the industry inside out, and no one else provides the regulatory support that they do,” Rick Smith, Underwriting Manager, Standard Casualty. “The platform’s transparency and functionality allow us to actively partner with our policyholders on reducing risk rather than simply denying coverage. ZestyAI’s tools and intuitive interface make all the difference in efficient, effective underwriting for our market.”
“Standard Casualty’s commitment to reducing policyholder risk aligns seamlessly with our mission at ZestyAI,” says Attila Toth, CEO, ZestyAI. Our solutions empower insurers like Standard Casualty to guide homeowners by mitigating risks, offering actionable insights into wildfire and hail exposure.”