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Moody’s Corp. has agreed to acquire CAPE Analytics, which provides geospatial AI intelligence for residential and commercial properties.

Moody’s said the deal will create a property database capable of delivering instant, address-specific risk insights as it brings together Moody’s Intelligent Risk Platform and catastrophe risk modeling for the insurance sector with CAPE’s geospatial AI analytics.

California-based CAPE Analytics creates property intelligence analytics through computer vision, machine learning, and geospatial imagery. The result is detailed risk assessments for properties on an individual address basis throughout the United States, and in large parts of Canada and Australia.

With the acquisition of CAPE, Moody’s said it 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.

CAPE CEO Ryan that Moody’s offers “a unique complement to CAPE’s address-level vulnerability and enables a much more complete view of risk” and the deal could accelerate expansion into international markets and into non-insurance financial sectors.

CAPE says nearly half of the top 50 U.S. property insurers, as well as some leading banks, currently use CAPE in their pricing and underwriting of properties.

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

“I continually hear from our customers that they are seeking more precise and actionable information as they evaluate an evolving set of risks,” said Rob Fauber, president and chief executive officer of Moody’s, in the announcement.

Moody’s Strategy

CAPE’s Kottenstette credited Moody’s with delivering on a “strategy to build a leading, at-scale suite of offerings founded in innovation.”

In September 2024, Moody’s acquired analytics firm Praedicat, adding casualty and liability modeling to its line of products. Praedicat’s analytics identify risks associated with catastrophic events, including product and environmental liabilities.

The transaction also builds on Moody’s previous 2021 acquisition of RMS for $2 billion from Britain’s Daily Mail and General Trust. RMS risk models help insurers manage global risk from catastrophes including hurricanes, earthquakes, floods, climate change, cyber, and pandemics.

The CAPE acquisition is expected to close in the first quarter of 2025. The terms of the transaction were not disclosed, and the transaction is not expected to have a material impact on Moody’s financial results.

Topics Mergers & Acquisitions InsurTech Data Driven Artificial Intelligence