Proptech company and data provider CAPE Analytics just signed a deal with insurance carrier American National, which provides P&C services in 38 states, to provide geospatial property data. The carrier looks to improve risk analysis and management throughout policy lifecycles.
American National will begin by using property attributes—such as a roof condition rating—along with other underwriting data, in policy renewals "to improve profitability, mitigate property conditions that increase risk, and create additional workflow efficiencies," according to a press release.
Eventually, American will use CAPE data "in new business underwriting workflows to assist in optimizing inspection processes and better assessing new business risks."
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