Moody’s to Acquire CAPE Analytics for Enhanced Property Risk Insight
Deal News | Jan 13, 2025 | Re-Insurance News
Moody's Corporation has announced its plans to acquire CAPE Analytics, a leading provider of geospatial AI intelligence, focusing on residential and commercial properties in the U.S., Canada, and Australia. The integration aims to combine CAPE's advanced AI analytics with Moody's existing catastrophe risk models and Intelligent Risk Platform, enhancing their ability to provide detailed, address-specific risk insights. This strategic acquisition is set to enrich Moody's data reservoir, enabling insurers, reinsurers, and financial stakeholders to better assess property exposures, vulnerabilities, and natural hazard risks like wildfires and hurricanes. Moody's CEO, Rob Fauber, highlighted the increasing demand from customers for precise risk assessment data, which this acquisition will fulfill. The deal is anticipated to conclude in the first quarter of 2025, pending regulatory approvals.
Sectors
- Financial Services
- Artificial Intelligence
- Insurance
Geography
- United States – CAPE Analytics primarily operates in the U.S., and Moody's is headquartered there.
- Canada – CAPE Analytics provides services in Canada, expanding Moody's geographical reach.
- Australia – CAPE Analytics offers services in Australia, indicating Moody's interest in this market.
Industry
- Financial Services – Moody's operates within the financial services industry, offering risk assessment and management solutions.
- Artificial Intelligence – CAPE Analytics is involved in geospatial AI, crucial for enhancing Moody's risk analytics.
- Insurance – The acquisition enhances Moody's services for insurance stakeholders by providing advanced property risk insights.
Financials
- Not disclosed – The acquisition cost for CAPE Analytics by Moody's was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Moody's Corporation | Acquirer | Company | A global firm specializing in credit ratings, research, tools, and analysis for financial markets. |
| CAPE Analytics | Target Company | Company | Provider of geospatial AI intelligence, specializing in property risk analysis. |
| Rob Fauber | President and CEO | People | Chief Executive Officer of Moody's Corporation. |