Juniper Re and CAPE Analytics, Inc, a provider of AI-driven property intelligence, have announced a strategic collaboration.
This partnership aims to deliver key property risk insights to Juniper Re clients and offer a unique perspective to the reinsurance market.
This collaboration adds a new component to Juniper Re’s catastrophe analytics platform, designed to provide clients with distinct insights, enhanced positioning in the reinsurance marketplace, and improved portfolio and company performance by leveraging specialized technology.
By incorporating CAPE into its catastrophe analytics platform, Juniper Re said that it will provide comprehensive property data insights through the analysis of high-resolution imagery and other data sources using computer vision and machine learning.
This data includes detailed information on roof condition, building attributes, and property vulnerability to hazards such as hail, wind, and wildfire.
Juniper Re aims to enhance data accuracy and risk management strategies for insurers, MGAs, and other insurance providers by integrating CAPE’s insights into its catastrophe modeling platform. This integration will enable clients to better prepare for, understand, and predict potential property losses, ultimately providing more efficient, tailored, and effective solutions.
Adam Miron (pictured above), Juniper Re’s head of catastrophe analytics, stated that the focus has been on identifying exceptional technology, maximizing capabilities, and developing beneficial relationships to provide impactful insights.
“Through our collaboration with CAPE, we can augment our client’s data to refine our analysis and ultimately distinguish them in the reinsurance marketplace. Furthermore, CAPE’s roof condition, wildfire, and hail intelligence enables us to show profitability impacts by integrating best-in class hazard and vulnerability data. At the end of the day, integrating this intelligence into our catastrophe analytics platform allows us to differentiate our clients, and ourselves, in the market,” Miron said.
Busy Cummings, CAPE’s chief revenue officer, expressed enthusiasm about working with Juniper Re to provide accurate property risk insights that can enhance carrier risk management and profitability.
“We look forward to seeing Juniper Re apply CAPE’s market leading property intelligence solution for reinsurance placements in a way that adds tremendous value to the broader property insurance industry,” Cummings said.
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