Provider of climate and property risk analytics solutions ZestyAI has partnered with Donegal Insurance Group.
The two firms will work on a project that utilises ZestyAI and its Roof Age solution for Donegal’s existing personal lines book.
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In addition, through the project, Donegal, a Pennsylvania-based regional insurance carrier, leveraged ZestyAI’s Roof Age solution to populate Homeowner policy renewals where roof age was absent.
ZestyAI’s Roof Age solution pinpoints the age of a roof using data from both building permits and historical imagery going back 20-plus years.
Furthermore, this unique approach allows the company to determine the validated age of each roof with over 90% accuracy and nearly 100% coverage across the contiguous US.
“Accurate roof age information is critical for properly assessing and pricing risk,” said Hank Narvaez, vice president of personal lines product development at Donegal. “ZestyAI’s Roof Age solution was a clear choice for us due to its solid coverage length of historical imagery. By leveraging both building permit data and aerial imagery, we gain added confidence in our underwriting and rating decisions.”
“Blind spots in assessing property risk can be very costly for insurers,” said Attila Toth, founder and CEO of ZestyAI. “Roof claims stand as the primary driver of insurance losses, yet many carriers continue to rely on unvalidated roof age information. We are excited to partner with Donegal to enhance their risk assessment with the most accurate roof age solution on the market.”
In September 2024, ZestyAI expanded its partnership with West Bend Insurance.
Building on their existing collaboration, West Bend will now utilise ZestyAI’s property risk analytics platform, Z-PROPERTY, to boost the precision of its underwriting and renewal processes for personal lines insurance.
Using verified data from various sources, including historical imagery and building permits, Z-PROPERTY hands West Bend Insurance comprehensive coverage and precision, improving its ability to manage its residential portfolio effectively.
