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Cape Analytics vs Flyreel — Risk imagery for US insurance, 2026.

Cape Analytics (14 named carriers) and Flyreel (4 named carriers) both sit at the risk imagery layer. 2 carriers appear on both rosters.

Last verified 2026-04-22 · methodology

TL;DR

  • Cape Analytics has 14 publicly-named carrier deployments; Flyreel has 4. Both at the risk imagery layer.
  • 2 carriers run both: State Auto Insurance, Mercury Insurance.
  • Both classified ai-native on Phidea's generation axis.
  • Both subsidiary ownership.
  • Analyst coverage: 0 firms cover both, 2 only Cape Analytics, 5 only Flyreel.

Customer overlap

BucketCount
Named on Cape Analytics only12
Named on Flyreel only2
Named on both2
of which US-named on at least one side2

Overlap roster

Only on Cape Analytics

  • Hippo Insurance (US)
  • Amica Insurance (US)
  • The Hartford (US)
  • CSAA Insurance Group (US)
  • Cincinnati Insurance (US)
  • State Farm Ventures (US)
  • American Integrity Insurance (US)
  • Florida Peninsula Insurance (US)
  • Nephila Advisors (US)
  • AXA-XL (US)
  • Kin Insurance (US)
  • State Farm (US)

Only on Flyreel

  • Jewelers Mutual Group (US)
  • The Philadelphia Contributionship (US)

Counts derived from 21sourced carrier-deployment entries across both vendor cards. Aggregate-only statements (e.g. “16 of the top 20”) excluded.

Stack position

Cape Analytics
Generation
ai-native
Stack layer
Risk imagery
Founded
2014
Lines
home, commercial
Replaces
physical pre bind inspection
Flyreel
Generation
ai-native
Stack layer
Risk imagery
Founded
2016
Lines
home, commercial
Replaces
physical pre bind inspection, third party inspection vendor

Ownership and corporate context

Cape Analytics
Type
subsidiary
Parent
Moody's Corporation
Acquired
2025

Source: TechCrunch

Flyreel
Type
subsidiary
Parent
RELX (LexisNexis Risk Solutions)
Acquired
2022

Source: LexisNexis Risk Solutions

Carrier-segment specialization

Cape Analytics — geographic split

  • US
    14

Flyreel — geographic split

  • US
    4

Analyst coverage differential

Only Cape Analytics cited by
  • TechCrunch (2025: Moody's agrees to acquire Cape Analytics — geospatial AI for insurance providers)
  • Insurance Journal (2021: Cape Analytics Gains $44 Million in Financing)
Only Flyreel cited by
  • Insurance Innovation Reporter (2020: Flyreel Announces $10 Million Series A Financing)
  • Carrier Management (2020: Flyreel Raises $10M for AI Underwriting and Claims Technology)
  • Coverager (2024: Flyreel expands to commercial property)
  • InsTech (2021: Cole Winans: Founder & CEO, Flyreel: Know your risk; the self-service property inspection tool helping insurers & their clients)
  • VentureBeat (2019: Google's Gradient Ventures invests in AI insurance underwriting startup Flyreel)

Recent news (last 12 months)

No news items in the last 12 months for either tool.

Sourced limitations

Cape Analytics

No publicly-sourced limitations recorded on the vendor card yet.

Flyreel
  • Flyreel is a self-service inspection tool, not an aerial-imagery product. It depends on the policyholder (homeowner, jeweler, commercial occupant) completing a guided smartphone walk-around; conversion rates and response bias vary by carrier and by line. It complements — rather than replaces — aerial/satellite imagery vendors such as Cape Analytics (Moody's) and Nearmap/Betterview (Thoma Bravo), which see properties whether or not the insured cooperates.
    Source: InsTech
  • Acquisition terms were not disclosed. Morgan Partners acted as exclusive financial advisor to Flyreel; Covington & Burling advised on legal. Flyreel is now sold under the LexisNexis Flyreel brand, and customer disclosures at the Flyreel level effectively stopped after the June 2022 close — carriers are referenced via the LexisNexis Risk Solutions parent distribution rather than as standalone Flyreel logos.
    Source: Morgan Partners
  • Post-acquisition product roadmap is driven by LexisNexis, not by the Flyreel team's original AI-native priorities. Flyreel for Commercial launched in January 2024 and Flyreel for Claims launched in February 2025 — both framed as data-suite extensions of the LexisNexis insurance platform (loss history, prior policy, MVR) rather than as standalone AI products.
    Source: LexisNexis Risk Solutions

Limitations published on Phidea are sourced to the underlying citation and reflect what is publicly named — not an exhaustive list. Consult the vendor card for the full record.

Frequently asked

Do any carriers run both Cape Analytics and Flyreel?
Yes — 2 carriers appear on both rosters: State Auto Insurance, Mercury Insurance. Sourced on each vendor card; see the customer-overlap section for primary URLs.
Who owns Cape Analytics and Flyreel?
Cape Analytics is a subsidiary of Moody's Corporation. Flyreel is a subsidiary of RELX (LexisNexis Risk Solutions).
Which has more named US carriers?
Cape Analytics has the larger publicly-named US roster: Cape Analytics 14, Flyreel 6. Public-roster size is a coverage signal, not a quality signal — vendors with stronger NDAs may have larger actual US footprints than the public count shows.
Where are these tools positioned in the insurance stack?
Both sit at the risk imagery layer. Cape Analytics replaces physical pre bind inspection; Flyreel replaces physical pre bind inspection, third party inspection vendor.

Adjacent reading