Zesty.ai Featured in Forbes

Sep 25, 2018

Zesty.ai CEO Attila Toth’s editorial on using AI to combat wildfire risk was featured in Forbes.

The Zest

In his piece titled Using Technology To Assess Wildfire Risk And Combat Wildfires, Mr. Toth spotlights the flaws in wildfire risk models. “Insurance companies rely on third-party wildfire risk models and maps produced in the early 2000s to assess the risk of homes to the threat of wildfire. However, in 2017, these models performed poorly: The vast majority of buildings that were destroyed were not classified as high risk on California’s Fire Hazard Zone Map” he states.

Attila goes on to explain how computer vision models will enable insurance carriers and firefighters to take into account individual homeowners’ situations when assessing risk and preparing to contain wildfires. “With more homes than ever being constructed in wildfire-prone areas, it is clear that current wildfire risk models are missing important inputs,” he argues. “By incorporating AI-based data, insurance companies can more completely assess wildfire risk, and with other forms of technology that have recently been developed, firefighters can do a better job minimizing the damage that wildfires can cause.”

Read the whole piece on Forbes here.

About Zesty.ai

Zesty.ai harnesses the power of artificial intelligence to help the trillion-dollar global property and casualty insurance industry accelerate its digital transformation.  Using the latest advancements in artificial intelligence on 115+Bn data points on residential and commercial properties, Zesty.ai extracts key building features to accurately model the potential impact of catastrophic and attritional loss events.  The same risk insights enable a new age, data-driven dialogue between insurers, customers, agents and regulators.  Zesty.ai was named “Cool Vendor in Insurance” by Gartner in 2019, won the Silver Award at the Zurich Innovation World Championship in 2019 and was voted “The Most Innovative InsurTech Startup” by Plug & Play members in 2018. For more information, visit https://zesty.ai.