The new partnership will provide CAPE with Vexcel’s advanced imagery capabilities to boost CAPE’s property insights in the United States, Canada, and Australia.
CAPE was founded in 2014 and has pioneered predictive property risk. Its insights are relied on by most of the top thirty homeowners insurance carriers and some of the US’ largest investment banks. CAPE is able to generate multiple property analytics which range from current roof condition to hail and wildfire risk scores used to manage and mitigate property-level risk.
Vexcel’s imagery library covers 99.6% of the U.S. population and includes over 127 million households. In 2024, Vexcel is set to refresh its imagery for 93% of the U.S. population, providing relevant parties with the most up-to-date information. The company plans to extend its coverage in other markets, including Canada, Australia, and New Zealand.
Ryan Kottenstette, CEO of CAPE Analytics, commented: “CAPE Analytics’ long-term partnership with Vexcel marks a transformative step in enhancing our market-leading property intelligence solutions. Powered by Vexcel’s extensive imagery coverage, CAPE will continue to deliver the most precise, reliable, and up-to-date property risk analytics available. We look forward to this partnership bringing significant value to insurance carriers and real estate stakeholders.”
Erik Jorgensen, CEO of Vexcel, added: “Over the past few years, we’ve significantly expanded our aerial imagery programs in the U.S. and around the globe. We are thrilled to announce our partnership with CAPE Analytics and look forward to seeing how our best-in-class imagery will enable and enhance their innovative property analytics across multiple countries.”
Vexcel’s product hinges on its management of every pixel collected. This is achieved through industry-leading cameras and dedicated aircraft fleet. This makes Vexcel’s imagery highly optimised for AI and property analysis.
