(Image credit: Johnson Johnson/Unsplash.)
Allied Trust Insurance Company (ATIC; Tampa, Fla.), a personal lines carrier offering customizable, affordable coverage to homeowners in states across the Southeast and Gulf Coast, has selected Betterview’s Property Intelligence and Risk Management solution for a comprehensive view of risk on new business and existing policies.
ATIC sought to further increase its view of property condition for homes, partly due to the time and expense of boots-on-the-ground inspections, according to a Betterview statement. The insurer’s existing property data vendor was also unable to fully meet their needs, the statement adds. For a faster, more accurate view of property risk, Betterview reports that ATIC sought a new geospatial solution.
“The Betterview platform gives us everything we need to know to make critical policy decisions,” says Suzanne Murray, VP of underwriting and operations, ATIC. “It has intuitive risk scores, current and historical imagery, and even automatic detections that show how a property has changed over time. This gives us a clear view of risk on new business, but also allows us to go back to old policies and re-underwrite them. We are very excited to use Betterview to reduce losses and cut operational expenses.”
Betterview says it is committed to providing ATIC with a complete, transparent view of property condition across their entire book.
“We are confident that, equipped with our tools, ATIC can improve their level of risk and reduce premium leakage,” comments David Tobias, co-founder and COO, Betterview. ATIC is implementing Betterview for risk selection and has future plans to integrate the solution directly into their core systems platform, WaterStreet (Bigfork, Mont.) policy administration system.