Betterview, an InsurTech that provides property risk intelligence, has partnered with Carpe Data, the next-generation online data provider for insurers to power faster policy decisions.
Betterview is a provider of actionable intelligence to property and casualty (P&C) insurance companies.
Carpe Data was founded in 2016 to unlock the power of alternative and emerging data for insurance carriers, and to maximize a carrier’s efficiency across the claims policy lifecycle.
The company will enhance the Betterview platform with accurate location-based occupancy data about businesses across the country, empowering insurers to make faster, smarter policy decisions.
As part of the terms of the partnership, Betterview will leverage Carpe Data’s Minerva solution which provides predictive insights and risk assessment based on a business’s online presence.
Carpe Data has made significant strides in its collaboration with carriers by leveraging the extensive range of information and insights it generates from its exclusive data on 85% to 90% of insurable small businesses across various industries.
The company said this has enabled them to offer hundreds of direct insights into more than 40 million businesses.
Dave Tobias, chief operating officer and co-founder of Betterview, said “In this industry, knowledge is power. Insurers need to be confident that they are working with the most up-to-date and accurate information available on a property.
“Our platform provides a significant amount of that information – aerial imagery, computer vision spotlights, comprehensive risk scores, to name a few – but we are always looking for additional partners to enrich our offering. We are super excited to be working alongside Carpe Data, and to use their occupancy data to give insurers an even more complete view of real property condition and risk.”
Earlier this year, Betterview partnered with True Flood Risk to give insurers an actionable view of flood risk.
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