(Betterview CEO David Lyman at the ITC Vegas 2023 event. Source: Betterview.)
Betterview (San Francisco), an InsurTech provider of actionable property intelligence to property/casualty insurers, announced developments in its strategic alliance with EagleView at the InsureTech Connect conference in Las Vegas (ITC Vegas 2023). Through the alliance, first announced in late July 2023, Betterview delivers pre-scored property insights for 94 percent of the U.S. population.
By uniting their technologies, the companies say they have built a dynamic property intelligence solution powered by EagleView’s high-resolution imagery and Betterview’s suite of predictive insights. This allows Betterview to pre-analyze all available imagery to provide insurers with pre-filled property insights, including roof condition and peril vulnerability scores. Insurers can deploy these pre-calculated insights across their entire book almost instantaneously, allowing them to optimize their quoting experience for potential customers and straight-through process more policies, according to a Betterview statement.
To ensure carriers have all the information needed to assess risk throughout the entire policy lifecycle, Betterview says continues to deliver on-demand insights in addition to pre-processed data. When new imagery becomes available, the vendor says that insurers can re-run it on-demand to receive the most up-to-date predictive insights, roof spotlight indices, peril scores, and partner data. “Accurate property information is critical for observing changes in property condition, empowering carriers to predict and prevent risk, optimize inspections, and automate renewals and claims,” the Betterview statement stresses.
Betterview characterizes what it calls the seamless integration of pre-analyzed and on-demand property insights, available on the Betterview platform for all users, as offering property/casualty insurers a rapid and efficient property intelligence solution, reducing operational costs, empowering automation, and improving customer experience.
“Betterview is at the forefront of Property Intelligence, as evidenced by our top ranking from CB Insights,” comments David Lyman, CEO, Betterviw. “At ITC Vegas 2023, we were excited to showcase our strategic alliances that power our property intelligence platform with a third-generation user interface, alongside an updated suite of tools that revolutionize risk management for insurers, including: Roof Age, Catastrophic Response System, and a refreshed Partner Ecosystem.”
Insurance and Technology Roots
“Betterview’s founding roots are deep in both insurance and technology, and participation at the largest InsurTech event is a testament to our evolution and leadership in this space,” Lyman continues. “Our commitment is to empower insurers with rapid, accurate data for efficient policy processing, leveraging high-resolution imagery to deliver up-to-date property insights—both pre-analyzed and on-demand. With tools designed for flexibility, we offer tailored solutions to enhance the entire policy lifecycle, enabling a shift from reactive to proactive strategies in property risk mitigation. Insurers can now more than ever predict and prevent losses with the right tech in hand, and Betterview is here to help them on that journey.”