ZestyAI Joins Duck Creek’s Solution Partner Ecosystem

The partnership equips P&C insurers with property analytics and peril-specific risk scores they need to assess and manage climate-related risks. 

(Image source: ZestyAI homepage.) 

ZestyAI (San Francisco), a provider of climate and property risk analytics solutions powered by AI, has Joined Duck Creek Technologies’ (Boston) partner ecosystem. ZestyAI says its entry into Duck Creek’s ecosystem as a Solution partner, will enable it to equip property/casualty insurers with the property analytics and peril-specific risk scores they need to assess and manage climate-related risks.

Attila Toth, CEO, Zesty.ai.

A ZestyAI statement says that record-breaking losses from natural disasters, such as wildfires and severe convective storms, have left the P&C insurance industry searching for better ways of assessing and managing climate risk. The vendor says it offers comprehensive property insights and climate risk models that account for all factors impacting a property’s overall risk.

Key Benefits of the Integration

The vendor elaborates the following as key benefits of its integration into the Duck Creek partner ecosystem.

Comprehensive Climate Risk Assessment: ZestyAI’s climate models accessible within the Duck Creek platform provide insurers with a holistic view of a property’s risk exposure to natural disasters, such as severe convective storms and wildfires.

Enhanced Risk Management: With a more accurate understanding of property and climate risk, P&C insurers can reduce loss ratio through superior control over risk selection and offer tailored insurance solutions based on the insights provided by ZestyAI’s climate models and property insights.

Faster, More Consistent Decisions: The integration of ZestyAI’s property and climate risk models into Duck Creek expedites personal lines and commercial lines workflows by facilitating straight-through processing of low risks, auto-declining high risks, and scaling underwriting capacity to where it’s needed most.

Robert Fletcher, Sr. Partner Manager, Duck Creek.

“We are delighted to partner with the strong team at ZestyAI to provide seamless access to their unique property data insights from within Duck Creek Policy,” comments Robert Fletcher, Sr. Partner Manager, Duck Creek. “Our mutual customers are looking for the most accurate, location-specific data to assess the underlying risk of a property. Through this new partnership with ZestyAI, we continue to demonstrate the power of Duck Creek’s open platform, which enables insurers to rapidly integrate innovative solutions to provide an easier, quicker and more accurate user experience.”

“The insurance industry is undergoing a seismic shift when it comes to the availability of technology and data,” says Attila Toth, Founder and CEO, ZestyAI. “Our models are rooted in materials science and atmospheric science to tackle major challenges like wildfires and severe convective storms, in addition to general property risk assessments, like roof quality. We are pleased to be able to bring Duck Creek customers ZestyAI data, within their existing workflows for a better and more accurate approach to risk assessment.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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