Juniper Re, the dynamic reinsurance broking arm of The Baldwin Group, has partnered with CAPE Analytics to strengthen its catastrophe analytics platform.
The move is set to deliver key portfolio-improving property risk insights to Juniper Re clients and provide a differentiated view to the reinsurance market.
This will be achieved by leveraging CAPE’s advanced property data insights to provide the clients with distinct insights, better positioning in the reinsurance marketplace, and improved overall portfolio and company performance.
By incorporating CAPE’s capabilities, Juniper Re will utilise high-resolution imagery and data analysis using computer vision and machine learning. This includes detailed information on roof condition, building attributes, and property vulnerability to hazards such as hail, wind, and wildfire.
CAPE Analytics specialises in providing AI-driven property intelligence through the analysis of imagery and other data sources.
Through this partnership, CAPE aims to enhance data accuracy and risk management strategies for insurers, MGAs, and other insurance product providers.
This integration is expected to help clients better prepare for, understand, and predict potential property losses, leading to more efficient and tailored solutions.
The partnership also allows Juniper Re to differentiate its clients and itself in the reinsurance market by integrating best-in-class hazard and vulnerability data into its catastrophe analytics platform.
Juniper Re’s Head of Catastrophe Analytics, Adam Miron, added, “Our focus in developing our dynamic, interconnected platform has been identifying exceptional technology, determining how to maximise capabilities, and developing mutually advantageous relationships, all tailored to provide unique, 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.”
Busy Cummings, CAPE’s Chief Revenue Officer, commented, “We’re thrilled to be working with Juniper Re to provide new and more accurate property risk insights that can help improve 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.”
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