Aon Partners with Zesty.ai
Aon plc has established a strategic alliance with ZestyAI to get access to the company’s data on US properties, which is obtained by satellite and aerial imagery and other data sources for underwriting both catastrophic and attritional risk.
Through Aon, insurers can now access Zesty.ai’s 130 billion data points on US properties which are designed to easily integrate into existing systems and models, and can be used for pre-filling key attributes, removing the need for research from the policyholder. Additionally, insurers can also gain access to Zesty.ai’s new wildfire model, which provides property details such as vegetation, building materials, topography, weather patterns, and loss data.
“Immediate access to new, useable and meaningful data insights is continuing to advance insurance underwriting. Instant insights on risk are becoming an increasingly important element for insurers as they modernize their underwriting platforms. This technology evolution, coupled with new partnerships, brings opportunities for Aon to deliver new products that meet clients’ needs today and tomorrow, in a transparent and efficient way.” – President and US CEO of Aon’s Reinsurance Solutions business, George deMenocal.
“Aon is committed to helping clients adopt new technologies that advance their strategic initiatives. We chose to partner with Zesty.ai as they have demonstrated they are an innovative leader in this space and that insurers can derive value from their granular data and visual assessments. This value includes customer engagement, underwriting accuracy, inspection cost savings and post-event claims analysis – plus offering premiums that more accurately reflect the risk to their customers.” – Senior Managing Director and Head of InsurTech at Aon, Jobay Cooney.
“We are honored that Aon has chosen to enter into a strategic alliance with Zesty.ai. Aon is the trusted advisor to insurance carriers globally with deep expertise in catastrophic risk management accumulated over decades. As a nimble InsurTech, Zesty.ai can bring the latest technologies, such as AI, machine, learning, and big data analytics to the Property & Casualty insurance industry. In collaboration with Aon, we can offer carriers a powerful, data-driven solution to better underwrite, manage risk and delight customers with a digital buying experience.” – CEO of Zesty.ai, Attila Toth.
