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Moody's agrees to acquire Cape Analytics, which develops geospatial AI for insurance providers

Financial services firm Moody's announced that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum.

The deal, which is expected to close in Q1, subject to customary closing conditions, will give Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting. With the tech, Moody’s plans to create a property database capable of delivering “address-specific” risk insights for its insurance clients, said Moody’s CEO Rob Fauber.

#moodys #capeanalytics #geospatial #ai #insurance