What is Cape Analytics? Cape Analytics Review, Features

Cape Analytics , a developer of an AI-powered automated property underwriting platform, has developed a cloud platform for acquiring geographic imagery, including outdoor and satellite images.

About Cape Analytics

• Cape Analytics, founded in 2014, helps insurers automate the title underwriting process. The company uses aerial images of a property to allow insurers to provide quotes faster, and the platform obtains geospatial images from partners such as Nearmap, then uses the images to extract structured data - including the size of the property, whether it has solar panels, the condition of the roof, etc.

• Using computer vision and machine learning, Cape Analytics efficiently transforms existing photos of real estate spaces into a structured database of property information for more than 70 million buildings in the U.S. Roughly speaking, if the insurance industry wanted to build its own Google Earth, it would be looking for something like this.

• Ultimately, insurance companies will no longer need to send an employee to inspect a property, which is a resource-intensive process. If a property changes, its value will also change, and the platform will detect it, with images updated several times a year.