The partnership will see Zesty’s technology leveraged within Duck Creek’s ecosystem as a Solution Partner, equipping P&C insurers with property analytics and highly detailed risk assessments to manage climate-related risks.
There has been a substantial increase in losses from climate-related events, such as wildfires and severe storms, prompting the P&C industry to seek better ways to assess and manage climate risks.
Zesty AI has a strong record in providing expertise in artificial intelligence and data science to assess property risk, offering insights and models that account for all potential risks affecting a property’s overall risk.
The integration of Zesty’s climate models within Duck Creek will provide insurers with a holistic view of a property’s risk. This allows for tailored solutions based on the insights provided through Zesty’s models.
Robert Fletcher, Senior Partner Manager at Duck Creek, commented: “We are delighted to partner with the strong team at Zesty AI to provide seamless access to their unique property data insights from within Duck Creek Policy. Our mutual customers are looking for the most accurate, location-specific data to assess the underlying risk of a property.
“Through this new partnership with Zesty AI, we continue to demonstrate the power of Duck Creek’s open platform, which enables insurers to rapidly integrate innovative solutions to provide an easier, quicker and more accurate user experience,” Fletcher added.
