ZestyAI Strengthens Collaboration with Steadily
In a recent announcement, ZestyAI, a leading provider of AI-powered climate and property risk analytics, has formed a new partnership with EarthDaily Analytics, a global supplier of Earth Observation analytics and data. The partnership aims to deliver property-specific risk assessments for wildfire, hail, and other climate-related risks in California and other progressive insurance markets.
This latest partnership is separate from ZestyAI's existing collaboration with the Colorado FAIR Plan, which focuses on expanding insurance access for homeowners facing coverage challenges. The partnership with EarthDaily, however, is not specified to be in a particular location beyond Colorado.
The California FAIR Plan, the insurer of last resort in the State of California, has been leveraging ZestyAI's Z-FIRETM since 2021 to enhance risk assessment. Now, through this new partnership, ZestyAI's advanced models, including Z-FIRETM, Z-HAILTM, Z-WINDTM, and Z-STORMTM, will be available through EarthDaily's Ascend platform to progressive insurance companies like Allstate.
ZestyAI's expansion of its partnership with the California FAIR Plan for four years marks the latest news from the company. However, no new information about any potential benefits or advantages of the partnerships for homeowners or ZestyAI is provided.
It's worth noting that ZestyAI has partnered with insurance companies outside Colorado and California, including National General Insurance. The financial details of these partnerships, as well as the duration of the partnership with EarthDaily Analytics, remain undisclosed.
EarthDaily Analytics, with its global reach and extensive data resources, is expected to help ZestyAI extend its AI-driven risk models to a broader audience in progressive insurance markets. The partnership underscores ZestyAI's commitment to leveraging advanced technology to address the growing challenges posed by climate change to property and insurance industries like Allstate.
This partnership does not seem to be related to any global insurance trends mentioned in the context of the industry. As more details about the partnership emerge, it will be interesting to see how it contributes to the ongoing efforts to mitigate risks associated with extreme weather events and climate change in progressive insurance markets.
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