ZestyAI and Donegal Insurance Group have partnered on an initiative that enhances property risk evaluation within Donegal’s Personal Lines policies through ZestyAI’s new Roof Age solution.
The collaboration aims to improve Donegal’s ability to assess and price property risk more accurately, specifically by filling in missing data on roof age within their Homeowner policy renewals, according to the Coverager.
By utilising ZestyAI’s Roof Age solution, Donegal can now obtain detailed information on the age of roofs, a critical component in determining property risk.
The firm’s Roof Age solution leverages a combination of historical building permit data and 20-plus years of aerial imagery.
Through this approach, ZestyAI can identify the precise age of roofs across the contiguous United States with over 90% accuracy and close to full coverage. This highly accurate data helps insurers like Donegal reduce the uncertainty in underwriting and rating decisions, allowing them to set premiums more effectively.
Donegal Insurance Group, with a strong presence in the mid-Atlantic and southeast United States, focuses on personal and commercial insurance solutions for individuals and businesses. The addition of ZestyAI’s technology offers Donegal a more robust foundation for property evaluations, enabling it to better serve its existing Personal Lines book of business.
ZestyAI, based in California, specialises in AI-driven property analytics, providing insights to insurers, real estate firms, and financial services organisations on climate and property risk. The Roof Age solution, a recent addition to its suite of products, addresses the high cost of roof-related claims by delivering verified roof age information, helping insurers make informed underwriting choices.
Hank Narvaez, vice president of personal lines product development at Donegal, explained the value of ZestyAI’s solution for Donegal: “Accurate roof age information is critical for properly assessing and pricing risk. ZestyAI’s Roof Age solution was a clear choice for us due to its solid coverage length of historical imagery. By leveraging both building permit data and aerial imagery, we gain added confidence in our underwriting and rating decisions.”
Attila Toth, founder and CEO of ZestyAI, underscored the industry need for such precision, stating, “Blind spots in assessing property risk can be very costly for insurers. Roof claims stand as the primary driver of insurance losses, yet many carriers continue to rely on unvalidated roof age information. We are excited to partner with Donegal to enhance their risk assessment with the most accurate roof age solution on the market.”
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