Tensorflight, a property intelligence platform, has announced a collaboration with NEXT Insurance, a leading technology-first small business insurer, to automate commercial property inspections.
The collaboration aims to automate commercial property inspections, leveraging Tensorflight’s property data and risk models to enhance NEXT Insurance’s commercial underwriting process.
Through the partnership, NEXT Insurance seeks to maximise digital innovation to transform the purchasing and servicing experience for small business owners.
Tensorflight’s advanced property analytics will enhance NEXT’s risk management strategies, leading to faster and more accurate underwriting and pricing. The firm’s advanced machine learning models provide unique visibility into property risk factors, which, when integrated into NEXT’s digital solutions, will benefit both new and existing small business customers with faster, more tailored coverage and risk management.
The move supports Tensorflight’s goal of working with innovative insurers to bring advanced analytics across the policy lifecycle, ultimately helping carriers like NEXT achieve profitable growth through more accurate pricing segmentation.
Lance Poole, Head of Risk at NEXT, stated, “NEXT is strategically focused on maximising digital innovation to transform the purchasing and servicing experience for small business owners, so we’re thrilled to partner with Tensorflight. Its advanced property analytics will enhance and strengthen our risk management strategies, while also improving the customer experience through faster, more accurate underwriting and pricing.”
Jesse Canella, CEO, Tensorflight, added, “NEXT is one of the most forward-thinking and fastest growing commercial insurers with a clear focus on technology to better serve small businesses. This agreement modernises the way small commercial businesses interact with insurers at the point of quote. It demonstrates the value of Tensorflight’s property analytics in enabling a next generation insurance experience for small businesses.”
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