Zesty.ai founder & CEO Attila Toth offered support for the proposed rules for rating.
The Zest
Yesterday, Zesty.ai Founder & CEO Attila Toth gave remarks before the California Department of Insurance in a public hearing regarding mitigation in rating plans and wildfire risk models. In his speech, he focused on building a regulatory framework that uses property characteristics that are grounded in historical data. He also offered several key learnings from approximately five years of wildfire research with partners including the Insurance Institute for Business & Home Safety (IBHS).
You can read Attila Toth’s full written testimony here.
Zesty.ai offers insurers and real estate companies access to precise intelligence about every property in North America. The company uses AI, including computer vision, to build a digital twin for every building in North America, encompassing 200B property insights accounting for all details that could impact a property’s value and associated risks, including the potential impact of natural disasters. Visit https://zesty.ai for more information.
About Zesty.ai
Zesty.ai is the leading partner for property & casualty insurance companies embarking on digital transformation. The company harnesses the power of artificial intelligence on cutting-edge data sources including aerial imagery to model risk to real property. Zesty.ai leverages predictive algorithms on 130+Bn data points to understand the potential impact of natural catastrophes on individual properties with unprecedented accuracy. Insurance companies rely on these property risk insights to make smart marketing, underwriting and rating decisions. For more information, visit https://zesty.ai.
