Munich Re Partners with Betterview for Insurance Client Access to Drone Capabilities

Through the agreement, the insurer will refer to Betterview clients that can benefit from the vendor’s building/property data, analysis and insights.

(Image source: Betterview.)

Munich Re America, Inc. (Princeton, N.J., a division of Munich Re) has signed an agreement with Betterview, the San-Francisco-based provider of a technology platform for drone-based building and property inspections, to offer drone imagery, analysis and reporting to Munich Re’s insurance company clients. Through the agreement Munich Re will refer clients that can benefit from the building/property data, analysis and insights that Betterview offers, and interested insurance companies would be able to purchase Betterview’s services for a fee, the vendor reports.

Tim Brockett, SVP, Munich Re.

Betterview offers drone-based inspection services to capture high-resolution images of residential and commercial properties. The company also markets cloud-based software to organize, store and analyze the captured images to support an insurance company’s underwriting inspection, loss control and claims adjustment processes.

High-Level Data, Analysis and Insights

“We are always looking to collaborate and drive innovation activities with our insurance company clients,” comments Tim Brockett, Senior VP, Munich Re. “Not only are we impressed with Betterview’s technical capabilities, we believe that their commitment to creating value for the insurance industry really sets them apart from their competitors in the drone space, delivering high-level data, analysis and insights into buildings and properties.”

Betterview, founded in late 2014, reports that it has inspected over 15,000 properties for over 90 insurance clients.  The vendor describes highlights of its software & services as follows:

David Tobias, Co-Founder, Betterview.

  • Full stack software solution that works world-wide
  • Artificial intelligence analysis based on over 1.5M analyzed & tagged photos of buildings & properties
  • 4,400+ on-demand drone pilot network in the U.S.
  • Claims reports generated by in-house adjusters and artificial intelligence
  • Drone pilot network partnerships in Canada & Europe
  • Reports to assess flood and wildfire risk exposure
  • Orthomosaic maps to derive building & property measurements

“We are extremely proud that Munich Re selected Betterview as its referral partner,” says a written statement from David Lyman and Dave Tobias, Co-Founders, Betterview.  “With the close of our series seed funding round in September, Betterview is uniquely positioned to meet the evolving needs of Munich Re’s clients.”

“Over the last few months, we have invested heavily into the expansion of our engineering and operations teams,” the statement continues. “This expansion has allowed us to focus on broadening our machine learning/computer vision capabilities, enhancing our software platform, creating new partnerships, as well as launching a soon to be released version two of our mobile application.”

Betterview Releases Out-of-the-Box Drone Solution for Commercial Property Insurance

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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