Property and climate risk analytics provider ZestyAI has received regulatory approval of its Severe Convective Storm Suite in Oklahoma, North Carolina, Louisiana, Wisconsin and Arkansas – covering more than 12 million residential and commercial properties.

ZestyAI’s AI-driven risk models predict the likelihood and severity of claims at the individual property level by analysing the interaction of local climatology with property-specific characteristics.

“Severe convective storms now cost insurers more than hurricanes, yet traditional underwriting tools don’t provide the precision needed to keep pace with rising losses,” said Bryan Rehor, director of regulatory affairs at ZestyAI. “These approvals reinforce the insurance industry’s shift toward data-driven, property-level risk assessment."

Severe convective storms caused US$58bn in insured losses in 2024, marking the second most costly year on record.

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