Sep 23, 2019

Cape Roof Condition Rating: Loss Impact Study [White Paper]

Harness the predictive power of Cape Roof Condition Rating

Using geospatial imagery and AI, it's now possible to directly and objectively measure a roof’s condition. Cape Roof Condition Rating is an industry-first property characteristic available for 110 million buildings across the United States. This study analyzes over two million partner-submitted exposure records to determine the predictive signal of this breakthrough property attribute.


"Insurance companies use roof age as a proxy for roof quality but all insurers are challenged when it comes to roof information. You could have a five-year-old roof that is in terrible condition or a fifteen-year-old roof that is in amazing condition. Cape Analytics equips us with more insights and a numeric score that we can use to effectively evaluate roof quality.”

–  Patrick Knutson, Property Product Manager at CSAA Insurance Group

Key Takeaways

  • Wind/Hail claim frequency for bad roofs is 2.5 times higher than excellent roofs
  • Wind/hail loss ratio for bad roofs is 38% higher than average roofs
  • Actuarial signal supports the use of RCR as a rating variable

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