(Image credit: Steve Buissinne.)
Amica Insurance (Lincoln, R.I.) has engaged Zesty.ai, a provider of climate risk analytics powered by artificial intelligence (AI). Amica will integrate Zesty.ai’s predictive wildfire risk analytics solution, Z-FIRE, into its homeowners’ product line.
With Z-FIRE, Amica has access to a powerful AI model that offers a precise wildfire risk score for individual properties, which offers a much more accurate risk metric to inform underwriting and rating than traditional models, according to a Zesty.ai statement. The integration of Z-FIRE into Amica’s homeowners products allows the carrier to more confidently write policies, despite increasing wildfire risk in recent