Zesty.ai is an Artificial Intelligence (AI) enabled building analytics platform for the property insurance industry. It leverages more than 115Bn data points on 140 million US homes and their residents. Using the latest advancements in computer vision and deep learning, zesty.ai extracts building characteristics, such as roof geometry or distance to inflammable vegetation, among other features, with unprecedented accuracy. zesty.ai analyzes satellite, aerial, Light Detection, And Ranging (LiDAR) imagery and other proprietary data on millions of dwellings and combines those with demographic and psychographic data on policyholders and residents. Insurance carriers and reinsurers use their unique data insights to underwrite risk more accurately, provide consumers a better purchasing experience through pre-filled forms and manage home inspections more cost-effectively.
Zesty.ai, the leader in property risk analytics powered by Artificial Intelligence (AI), has announced that its Z-FIRE has now been included in an approved filing in Arizona. The Grand Canyon state now joins California, Oregon, New Mexico, and Utah as states that have approved rate filings that include Z-FIRE. Arizona has a history of wildfire. According to the AZ Department of Forestry and Fire Management, over 2,500 wildfires burned nearly 1 million acres of Arizona in 2020. That includes the Ocotillo Fire which burned 20 buildings including 8 homes.
Z-FIRE is the most widely adopted AI-powered wildfire risk model in the industry. It combines vital property details and actual loss data with machine learning to produce predictive risk scores for every property and has been shown by Milliman to deliver up to 44x lift in risk prediction.
Products they have:
- Wildfire Risk
- Residential Insights
- Commercial Insights
- Climate Risk Models
Their mission is to help protect families, communities, and their financial well-being. Zesty.ai offers access to precise intelligence about every property in North America for insurance and real estate customers. The company uses aerial imagery, permit, transaction, weather, and IoT data, combined with artificial intelligence (AI) to turn more than 200 billion data points into comprehensive digital records and property-specific risk scores. Zesty.ai provides a constantly updated database of real estate information that impacts a property’s value and associated risks including the potential impact of catastrophic events like wildfires, hail storms, and floods. In an increasingly digital world, Zesty.ai brings properties into a new digital age that enables real-time transactions and powerful predictive analytics.