Insurtechs Kin, Cape Analytics partner up
Kin Insurance, an insurtech home insurance carrier, has partnered with Cape Analytics to use the latter’s geospatial property intelligence technology.
Kin will leverage property attributes that are related to geo-specific risks and with the help of Cape Analytics will provide customers with policies tailored to individual property and coverage needs. For example, for customers in wind-prone states like Florida, Kin gets access to Cape's wind-related property attributes such as roof type and the presence of pool enclosures. States with higher risk of wildfire, may automatically retrieve Cape information regarding vegetation coverage surrounding a structure through Kin Insurance automatically.
“Our platform is built from the ground up to seamlessly integrate industry-leading sources of data, which is exactly what Cape Analytics provides. As a result, we can leverage our machine learning prediction framework to instantly assess risk and customize coverage and prices through our super simple online experience,” said Blake Konrardy, VP of Product at Kin.
Busy Cummings, VP of Sales at Cape Analytics shared, “We are thrilled to have a growing partnership with an innovative, data-first carrier like Kin where we can enable them to expand usage in alignment with their rapid growth as an upstart insurer.”