ZestyAI helped carriers and insurers of last resort extend coverage to over 511,000 properties previously deemed uninsurable in 2024. This year, ZestyAI aims to double its impact, helping to bring coverage options to over a million families and businesses, ensuring that those in catastrophe-prone regions have access to sustainable, risk-aligned insurance.
A 2024 Deloitte survey found that nearly a quarter of homeowners in high-risk states are struggling to find coverage, while over half cite affordability as a growing concern—underscoring the industry’s need for granular insights that support underwriting and pricing decisions aligned with true property-level risk.
“For too long, insurers have had to make high-stakes decisions with incomplete information,” said Attila Toth, Founder and CEO of ZestyAI. “Advanced AI models are changing that. With granular, property-specific risk insights, insurers can close protection gaps and build a more resilient market.”
Traditional risk assessment methods rely on territory- or ZIP code-level evaluations, overlooking the property-level characteristics that drive risk. This approach leads to adverse selection, inaccurate pricing, and widespread market withdrawal.
ZestyAI replaces this approach with transparent, AI-powered models that integrate climatology, geospatial data, historical losses and structural attributes to deliver precise views of wildfire, hail, and wind risk, among other perils.
The results:
- Clear mitigation guidance to help policyholders take action.
- Risk-aligned premiums that support responsible market expansion.
- Improved underwriting precision through AI-driven risk scores and near-complete U.S. coverage.
- Optimized loss cost controls via more effective deductible, Actual Cash Value (ACV), and coverage
- strategies.
- A supportive experience for carriers, families, and businesses—enabling faster decisions, better communication, and greater confidence in coverage options.
- Streamlined inspections that lower expenses and improve efficiency.
ZestyAI collaborates closely with regulators to ensure transparency, validation, and model oversight. Its wildfire model, Z-FIRE, is approved across all Western states, while its severe convective storm models have gained broad acceptance from Texas to Colorado and throughout the Midwest and Great Plains.
As regulators support the use of advanced models, they are also paving the way for smarter risk-based pricing and proactive mitigation—revitalizing insurance’s core mission: protecting the livelihood of home and business owners and their communities.