In the evolving field of AI property analytics, one persistent challenge stands out: the incomplete coverage of properties, often referred to as the hit rate. Many existing solutions provide valuable insights for a significant portion of a portfolio, but a crucial question remains: what about the properties that aren't covered?
At ZestyAI, we recognized this issue early in our development and committed to addressing it through innovative solutions. Our goal is to offer a near-perfect hit rate, using the most recent and high-resolution imagery available. This ensures insights for all of your properties, not just a select few. Let's explore the technical strategies that drive ZestyAI's success and how they translate into tangible benefits for our clients.
A Multi-Pronged Approach
Traditional AI property analytics solutions often fall short due to limitations in imagery availability. ZestyAI, however, has taken a different approach. Rather than relying on our own imagery capture through planes, satellites, drones, or balloons, we have strategically partnered with nearly all major imagery providers to guarantee the broadest possible coverage.
This approach, while effective, comes with its own set of technical challenges. Imagery providers deliver data at varying resolutions, requiring significant engineering and data science efforts to integrate these inputs. Our team has meticulously trained our models to account for these discrepancies, ensuring consistent and accurate analysis regardless of the image source. All models are validated for precision and recall against human-labeled imagery.
To demonstrate our effectiveness, we recently conducted portfolio checks for a diverse range of companies. This included a top national carrier, a super-regional carrier operating on both the US East and West Coasts, and a regional provider focused primarily on Florida. The results were impressive: we achieved a perfect 100% hit rate for both the national and super-regional carriers and an outstanding 96% coverage for the regional carrier in Florida. These real-world examples showcase the power of ZestyAI's approach in delivering near-complete portfolio coverage, regardless of geographic location or size.
The Best Property Analysis Starts With the Best Data
Our commitment to data quality goes beyond merely locating properties. At ZestyAI, we understand the importance of using high-fidelity imagery for the most accurate insights. Our multi-provider strategy allows us to cherry-pick the best possible image for each property.
This translates into two key benefits. First, by integrating with most imagery providers, we access a vast pool of imagery, enabling us to select the most recent capture. Outdated imagery can significantly affect the accuracy of property analysis, and ZestyAI ensures you always work with the latest data. Second, we can select the image with the highest fidelity. For example, if the initial image contains heavy shadows due to overhanging vegetation, our system can identify an alternative image from a different provider that offers a clearer, unobstructed view of the property. This meticulous selection process ensures you receive the most accurate and insightful property evaluations possible.
Our effectiveness was further underscored during a recent coverage check for a super-regional carrier. We specifically focused on properties their existing provider could not locate. ZestyAI not only successfully identified 100% of these properties but also delivered higher-resolution images for the rest of the portfolio where the incumbent provider had coverage.
Moreover, the aerial imagery we provided boasted an impressive average capture date within the last 111 days. This recency was consistent even when examining individual states within the carrier's coverage area, with properties in California averaging 101 days, Ohio 88 days, and New Jersey 126 days. These figures highlight ZestyAI's ability to deliver comprehensive coverage and consistently recent, high-quality imagery, ensuring our customers have access to the most up-to-date property insights.
Accuracy: The Backbone of High Coverage
Achieving near-complete portfolio coverage is a significant feat, but it is only half the story. At ZestyAI, we understand that true value lies in the accuracy of the data and insights we provide. Extensive coverage without reliable results is ultimately meaningless. Therefore, we prioritize the accuracy of our Z-PROPERTY models, ensuring they deliver a true picture of each property's condition.
To validate our models' effectiveness, we conducted a rigorous comparison between ZestyAI's property analytics, specifically roof quality assessment, and traditional on-site physical inspections. The results were highly encouraging. Our Z-PROPERTY models matched the findings of physical inspections 95% of the time, achieving a perfect 100% agreement rate when identifying properties with poor roof conditions. This level of accuracy empowers insurance carriers with immense confidence when deploying ZestyAI at scale.
Traditional reliance on physical inspections presents a significant limitation due to resource constraints. Inspecting every property within a vast portfolio is simply not feasible. ZestyAI's AI-powered analytics bridge this gap, allowing carriers to achieve comprehensive coverage while maintaining exceptional accuracy. This frees up valuable inspection resources, enabling carriers to strategically focus their on-site inspections on properties identified by ZestyAI as high-risk or requiring further investigation. By leveraging ZestyAI's insights, insurance carriers can optimize their inspection workflows, ensuring resources are directed where they can have the greatest impact.
Unlocking the Power of Comprehensive and Accurate Property Analytics
Equipping yourself with the right tools is crucial for making informed decisions in the insurance landscape. At ZestyAI, we believe our comprehensive coverage and industry-leading accuracy can significantly enhance your property analytics capabilities.
Get Your Free Coverage Check Today
To see how ZestyAI can address any coverage or accuracy gaps you might be experiencing with your current provider, we invite you to take advantage of our free coverage check. Simply provide a list of the addresses where you lack coverage, and ZestyAI will leverage our extensive imagery catalog to see if we can help.
Contact us to learn more and unlock the full potential of AI-powered property analytics. Let ZestyAI empower you to make smarter decisions, optimize your workflows, and achieve a new level of efficiency.