Predictive analytics platform Betterview has partnered with Geospatial Insurance Consortium (GIC) to improve its aerial imagery.
The deal will see GIC’s high-resolution aerial imagery integrated into Betterview’s property risk management platform to ensure mutual customers access premium quality location data and images throughout the property and casualty lifecycle. Clients of both companies will now be able to access, analyse, and utilise images.
Betterview offers predictive analytics and property risk management services to clients giving them the insights to improve their insurance quoting. The company offers a PropertyProfile which uses aerial imagery to determine the condition of roofs and the risk of potential claims.
GIC provides insurance firms with comprehensive, precise, and up-to-date location information, with its cloud-based imagery service able to capture coast-to-coast images of the US.
Betterview COO and co-founder Dave Tobias said, “We have been working with the GIC for over a year. Our initial project involved a mutual reinsurance customer who wanted to leverage GIC’s ultra-high-resolution imagery so they could identify potential roof and property issues in their book of business.
“After completing this project and seeing the value of GIC’s imagery first-hand, we decided to integrate its aerial imagery into our property risk management platform, allowing mutual customers to quickly and easily generate insights whether they are quoting new business, renewing a policy or expediting the claims process before and after the first notice of loss (FNOL).”
This deal comes just a week after Betterview was selected by management consulting firm Synpulse to improve its underwriting.
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