Berkshire Hathaway partners with Zesty.ai
Zesty.ai has partnered with Berkshire Hathaway Homestate Companies to enhance its current understanding of climate risk for commercial properties at the individual property level. BHHC encompasses six insurance carriers that are part of the Berkshire Hathaway group of insurance companies, and through this relationship, it gains access to Zesty.ai’s climate risk solutions to enhance its underwriting processes.
“As a leading commercial property insurer, we are deeply committed to leveraging the latest technologies to ensure we are accurately pricing the risk to our customers from natural disasters. We’ve been evaluating Zesty.ai’s climate risk solutions for over two years and have found them to be valuable in enhancing our current underwriting process.” – Brian Hall, Vice President – Products and Underwriting at Berkshire Hathaway Homestate Companies.
“The Berkshire Hathaway Homestate Companies have a longstanding reputation for being innovators in the industry, and we’re honored to work with them to enhance their ability to accurately assess climate risk. Their understanding of commercial property insurance combined with our AI-powered climate risk analytics will drive substantial value for their customers while giving BHHC a true edge in risk selection.” – Attila Toth, Founder & CEO of Zesty.ai.
Zesty.ai combines property insights, such as roof pitch, building height, and parcel slope with its proprietary database of actual loss data to build predictive climate risk models, including Z-FIRE – an AI model trained on more than 1,400 wildfire events and more than 20 years of historical loss data.