CAPE Analytics, now part of Moody’s, has submitted a filing in Nevada for its Wildfire Intelligence Solutions, a property risk modeling system designed to help insurers assess wildfire exposure for homeowners policies. The filing was submitted on March 10, 2026 and relates to owner-occupied homeowners insurance.

The submission reintroduces a wildfire risk assessment framework that CAPE originally filed in 2022 but later withdrew in 2024 at the regulator’s request to accommodate internal review metrics. Following Moody’s acquisition of CAPE, the company is now resubmitting the filing with largely unchanged documentation, aside from updated branding and a corrected technical commentary related to model inputs.

The solution uses computer vision models and geospatial imagery to generate property-level risk insights for insurers. CAPE’s platform analyzes structural characteristics and surrounding conditions using artificial intelligence, allowing carriers to incorporate wildfire-related risk attributes into underwriting and pricing workflows through an enterprise platform and API.

The filing introduces three primary wildfire risk scores. A Wildfire Vulnerability Rating evaluates the susceptibility of a specific structure to wildfire claims using property-level characteristics such as vegetation clearance, roof construction, and proximity to neighboring structures. The rating operates on a 10-point scale and is trained using wildfire claim frequency data while excluding broader hazard factors like climate or fuel loads.

A second score, the Wildfire Mitigation Potential rating, estimates how wildfire risk could change if vegetation surrounding the structure were removed. Using the same methodology as the vulnerability rating, the model creates a theoretical mitigation scenario and produces a similar 10-point scale indicating the potential impact of mitigation actions.

The third component, the Wildfire Risk Rating, combines the vulnerability score with broader hazard indicators, including proximity to wildland areas and a composite hazard score sourced from HazardHub. This combined metric is designed to provide insurers with a more comprehensive view of wildfire exposure by integrating both property-specific vulnerabilities and environmental hazard factors.

The modeling approach draws on research from sources such as the Insurance Institute for Business and Home Safety and emphasizes structural vulnerabilities and nearby vegetation conditions as key predictors of wildfire loss. The system also enables insurers to engage homeowners on mitigation opportunities, particularly vegetation management near the structure.

The analysis suggests that reducing vegetation within the nearest five feet of a structure can significantly lower wildfire risk. Because this zone typically falls within the homeowner’s property boundary, insurers may be able to encourage manageable mitigation steps that reduce exposure while potentially supporting pricing benefits for policyholders who maintain defensible space around their homes.

If approved, the Moody’s CAPE Wildfire Intelligence Solutions could be integrated into underwriting or renewal workflows, allowing carriers to evaluate wildfire exposure in real time and identify mitigation opportunities during the quoting process.