Moody’s to acquire geospatial AI intelligence provider CAPE Analytics

Moody’s Corporation has reportedly agreed to acquire CAPE Analytics, a provider of geospatial AI intelligence for residential and commercial properties across the U.S., Canada, and Australia.

According to Moody’s, it will combine its Intelligent Risk Platform and catastrophe risk modelling with CAPE’s geospatial AI analytics, building a property database that provides address-specific risk insights.

“With the acquisition of CAPE, Moody’s will provide 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,” the firm said.

Moody’s continued, “This rich reservoir of data will allow insurance carriers, reinsurers, and various financial stakeholders to better determine property exposures, vulnerabilities, valuations and the risks posed by natural hazards such as wildfires, hurricanes, and hailstorms.”

Rob Fauber, President and Chief Executive Officer of Moody’s, commented, “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.”

The acquisition 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.

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