ZestyAI’s water risk model, Z-WATER, has just been approved for use in Wisconsin, marking a big step forward for insurers in the state. This new tool helps insurance companies better understand and price the specific water-related risks for individual properties, without relying on weather data.
Insurance providers in Wisconsin can now use Z-WATER to set more accurate rates that reflect the true vulnerabilities of homes. It also gives them a way to improve how they inspect properties and suggest safety measures, like installing water sensors to catch issues early. This approach helps reduce unfair pricing across different policyholders and supports healthier insurance portfolios.
ZestyAI is known for its AI-driven models that cover multiple risks, including wildfire, hail, wind, and storms. With the addition of their non-weather water risk model, they have secured over 70 approvals nationwide. Alongside Z-WATER, their broader property risk solution, Z-PROPERTY, also has approvals across the country, showing how the company’s technology is gaining trust across the insurance industry.
By using smart data and AI, ZestyAI is helping insurers get closer to the real risks homes face, leading to better protection for homeowners and more balanced pricing for insurers. This new approval in Wisconsin means more companies there can start putting this technology to work.