Property and casualty insurer UPC is working with CAPE Analytics for access to geospatial analysis and predictive property analysis.
"CAPE will enable UPC to leverage predictive property data to continually assess risk on a per-property basis," a company release said. "In implementing CAPE's geospatial analytics across its underwriting workflows, UPC has achieved stability and sustainability amid challenging market conditions such as supply chain-induced inflation."
The geospatial analysis rests on two technologies. One is computer vision, which is the use of varying types of scanners—whether in normal visible light or using infrared sensors that can often show aspects of an object that would otherwise be invisible. That type of thermal imaging is already in common use with buildings.
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