Canopius partners with AI insurtech Arturo on deep-learning property analytics
Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo.
The partnership will see Canopius integrate Arturo’s deep-learning property analysis capability to help improve its risk selection process and point-of-sale underwriting.
The AI-powered technology will provide physical property characteristic and predictive analytics based on latest satellite, aerial, and ground-level data, enabling more informed and differentiated pricing decisions at the point of underwriting.
Marek Shafer, chief digital officer of Canopius, said: “Arturo’s, AI-powered image analytics capability is hugely impressive. Canopius is excited to be harnessing this pioneering technology, which will help to fine-tune our risk selection process and improve point-of-sale underwriting.”
John-Isaac Clark, CEO at Arturo said: “Arturo was built from the ground up within American Family Insurance and we deeply understand the specific challenges our insurance customers are trying to solve. We are incredibly excited to announce our relationship with Canopius and looking forward to working together to further enhance our product to meet their current and future needs.”
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