Attila Toth, founder and CEO of ZestyAI

Climate and property risk analytics solutions firm ZestyAI has 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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

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.

Furthermore, this integration of advanced analytics will streamline West Bend’s underwriting process, allowing for quicker, more informed decision-making while ensuring that trained representatives make all final coverage decisions.

Jonathan Schulz, AVP Personal Lines at West Bend Insurance, said: “Our partnership with ZestyAI has significantly improved our ability to assess and manage residential property risks. By expanding our use of Z-PROPERTY for our personal lines business, we can gain deeper insights into the properties we insure, allowing us to mitigate risks more proactively and efficiently.”

Attila Toth, founder and CEO of ZestyAI, added: “Conducting a thorough review of a portfolio can be a daunting task. Z-PROPERTY simplifies this process, enabling carriers to assess their entire book of business seamlessly, pinpointing the riskiest policies to ensure proper risk mitigation. The platform is easy to deploy, requiring no IT integration, and covers every property in North America.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In August 2024, ZestyAI launched Z-WATER, an AI-driven model designed to predict the frequency and severity of non-weather water and freeze claims for properties across the US.

This development comes as non-weather water claims continue to be the third-leading cause of insurance losses nationwide, highlighting the need for a property-specific predictive model.

So far, insurers have faced challenges in accurately assessing and mitigating the risk of non-weather water damage on an individual property basis, outlines ZestyAI.

Z-WATER aims to address this gap by incorporating property-specific construction and architectural details, local infrastructure and water distribution networks into its assessments, providing a holistic understanding of risk.