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With the addition of Ohio, the suite is now approved for use in 16 states.<\/p>\nZestyAI, a provider of AI-driven insurance risk analytics, has announced that its Severe Convective Storm suite, which includes Z-HAIL\u2122, Z-WIND\u2122, and Z-STORM\u2122, has received regulatory approval from the Ohio Department of Insurance.<\/p>\n
With the addition of Ohio, the suite is now approved for use in 16 states.<\/p>\n
Ohio has experienced 36 billion-dollar loss storm events in the past five years alone, surpassing the total of 33 events recorded over the previous two decades, according to NOAA\u2019s National Centers for Environmental Information (NCEI). Severe convective storms, including hail, wind, and tornadoes, have been the primary cause, accounting for more than 57% of the state\u2019s weather-related damages since 1980.<\/p>\n
ZestyAI\u2019s platform predicts the likelihood and severity of claims from severe convective storms at the individual property level by analysing how local climatology interacts with property-specific features. Most existing models rely on broader territory or ZIP code-level evaluations, overlooking critical property-level factors.<\/p>\n
Each model is developed and validated using real-world claims data and provides transparent insights into the drivers of every risk score, enabling carriers to make more accurate underwriting and rating decisions.<\/p>\n
Khumar Dhuvur, Founder and Chief Product Officer at ZestyAI, said, \u201cToo often, storm risk is priced using rough proxies instead of accurate property insights,\u201d said Kumar Dhuvur, Founder and Chief Product Officer at ZestyAI. \u201cRegulatory approval in Ohio affirms the industry\u2019s shift toward precision underwriting and rating\u2014and opens the door to smarter, risk-aligned decisions and fewer preventable losses in one of the nation\u2019s most important insurance markets.\u201d<\/p>\n This announcement follows ZestyAI securing regulatory approvals for the suite in Oklahoma, North Carolina, Louisiana, Wisconsin, and Arkansas<\/a> in March 2025, and in Minnesota in January<\/a> 2025.<\/p>\n ZestyAI also recently reported helping carriers and insurers of last resort extend coverage in 2024 to over 511,000 properties<\/a> that were previously deemed uninsurable.<\/p>\n The post ZestyAI\u2019s Severe Convective Storm suite receives approval in Ohio<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" ZestyAI, a provider of AI-driven insurance risk analytics, has announced that its Severe Convective Storm suite, which includes Z-HAIL\u2122, Z-WIND\u2122, and Z-STORM\u2122, has received regulatory approval from the Ohio Department of Insurance. With the addition of Ohio, the suite is now approved for use in 16 states. Ohio has experienced 36 billion-dollar loss storm events […]<\/p>\n","protected":false},"author":1,"featured_media":3874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/3872"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=3872"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/3872\/revisions"}],"predecessor-version":[{"id":3876,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/3872\/revisions\/3876"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/3874"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=3872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=3872"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=3872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Download](\"http:\/\/calebdewey.com\/wp-content\/uploads\/2025\/04\/catastrophe-bond-ils-market-report-q1-2025-728x90-2.png\")
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