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ZestyAI, the leading provider of AI-powered climate and property risk analytics solutions, has received regulatory approval from the Iowa Insurance Division for its Severe Convective Storm suite, including Z-HAIL, Z-WIND, and Z-STORM.
This approval marks a critical milestone in helping insurers address the growing challenges posed by severe weather in one of the Midwest’s most storm-affected states.
In 2024, Iowa experienced five billion-dollar severe weather events, with hailstorms driving billions in damages and insurance losses. In one instance, a hailstorm caused $2.4 billion in damage, underscoring the urgent need for innovative tools to assess and manage storm-related risks.
ZestyAI’s Severe Convective Storm suite delivers property-specific risk assessments, enabling insurers to predict and mitigate extreme weather impacts with precision. Designed with regulatory compliance at its core, Z-HAIL is validated using actual loss data and provides a clear breakdown of the top three risk drivers for each score. This transparency empowers insurers to make informed decisions and share actionable insights with policyholders.
By analyzing climatology, geography, and building characteristics, ZestyAI equips insurers to identify high-risk properties, allocate resources strategically, and encourage proactive risk-reduction measures among policyholders.
"This approval empowers our carrier partners to act quickly and confidently in addressing Iowa’s severe weather challenges," said Bryan Rehor, Director of Regulatory Affairs at ZestyAI.
"By streamlining subsequent filings, we help insurers save time and resources, ultimately making high-quality property insurance more accessible to Iowa homeowners."
ZestyAI’s Severe Convective Storm suite has already received approvals in other key hail belt states, including Texas, Colorado, Illinois and Indiana, with additional filings in progress. These models enable insurers to move beyond reactive damage assessments, improving their ability to assess and manage storm-related risks at a granular, property-specific level.
With this approval, ZestyAI continues to lead the charge in equipping insurers with the tools they need to navigate an era of climate uncertainty, ensuring communities and insurers alike can better weather the storm.
Discover how ZestyAI’s models can help insurers prepare for escalating severe convective storm risks.