Moody’s announced that it has agreed to acquire CAPE Analytics, a provider of geospatial AI intelligence for residential and commercial properties. This acquisition combines Moody’s industry-leading Intelligent Risk Platform and catastrophe risk modeling for the insurance sector with CAPE’s cutting-edge geospatial AI analytics, creating a sophisticated property database that delivers instant and address-specific risk insights.
With the acquisition of CAPE, Moody’s will offer its customers more in-depth, property-specific data than ever before, including building characteristics, firmographic data, peril risk and average annual loss estimates, geospatial AI analytics, valuation, probability of default models, and more. This reservoir of data will enable insurance carriers, reinsurers, and various financial stakeholders to determine better property exposures, vulnerabilities, valuations, and the risks posed by natural hazards like wildfires, hurricanes, and hailstorms.
CAPE Analytics creates property intelligence analytics with computer vision, machine learning, and geospatial imagery, providing immediate, detailed risk assessments for properties on an individual address basis throughout the United States, as well as in large parts of Canada and Australia.
This deal is expected to close in the first quarter of 2025, subject to the satisfaction of customary closing conditions, including the expiration or termination of any applicable regulatory waiting periods.
The terms of the deal were undisclosed and the transaction is not expected to have a material impact on Moody’s financial results.
KEY QUOTE:
“I continually hear from our customers that they are seeking more precise and actionable information as they evaluate an evolving set of risks. By combining our CAT risk models with CAPE’s AI-powered property risk intelligence, we will provide our customers with the most advanced property risk analytics available in the industry, enhancing insights and decision-making across the insurance lifecycle.”
– Rob Fauber, President and Chief Executive Officer of Moody’s
