Moody’s Acquires Cape Analytics to Enhance AI-Driven Insurance Risk Models
The acquisition will integrate Cape Analytics’ geospatial AI technology into Moody’s Intelligent Risk Platform, advancing property-specific risk insights for insurers.
- Moody’s has agreed to acquire Cape Analytics, a geospatial AI startup focused on property risk assessment, for an undisclosed sum.
- Cape Analytics’ technology uses satellite imagery and algorithms to provide structured data on property characteristics and risks, aiding insurance underwriting processes.
- The deal will integrate Cape’s solutions into Moody’s Intelligent Risk Platform, expanding its capabilities in delivering address-specific risk insights.
- Cape Analytics serves top insurers and financial institutions, with customers including State Farm Ventures and The Hartford, and has raised $75 million in venture funding.
- Moody’s expects the acquisition to accelerate Cape’s international expansion and broaden its applications in the mortgage and financial sectors.