AI-powered climate and property risk firm ZestyAI has partnered with Safepoint Holdings, a regional property insurance group.
Safepoint manages over 200,000 policyholders across Florida, Louisiana, Texas, Mississippi and Alabama.
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By integrating ZestyAI and its property risk insights, Safepoint can assess large property portfolios with improved precision, greater underwriting accuracy and enhancing access to coverage.
In addition, the collaboration will bolster Safepoint and its loss control strategy.
Furthermore, the partnership supports Safepoint’s expansion, enabling efficient scaling while maintaining cost-effective, reliable coverage. Safepoint Holdings operates with a combined policyholder surplus of approximately $150m, with Safepoint Insurance Co. holding $70m.
“ZestyAI’s property insights have set a new benchmark for accuracy and innovation,” said David Flitman, CEO of Safepoint Holdings. “The flexibility of their solutions and the ability to evaluate large insured portfolios in a matter of days provide tremendous value to us. This partnership will allow us to better serve our policyholders by proactively managing risk while making our operations more efficient.”
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By GlobalData“With AI-driven property intelligence, Safepoint can make better risk decisions, lower costs, and expand coverage in high-climate-risk states,” added Attila Toth, founder and CEO of ZestyAI. “We’re excited to provide the insights Safepoint needs to strengthen underwriting and better serve policyholders.”
Last week, ZestyAI announced that its advanced wildfire risk model, Z-FIRE, is now filing-ready in California.
The model can be filed for rate segmentation and underwriting without additional review under the pre-application required information determination (PRID) process.
This development follows Z-FIRE’s inclusion in an approved California rate filing in 2024.
Z-FIRE uses AI to analyse more than 2,000 historical wildfires, combining satellite and aerial imagery, topography and property-level characteristics to deliver risk assessments.
This methodology is said to be supported by decades of scientific research, including work by the Insurance Institute for Business & Home Safety.
