(Image source: GIC website.)
Betterview (San Francisco), a provider of property intelligence and predictive analytics solutions to the insurance industry, has announced the integration of the Geospatial Insurance Consortium’s high-resolution aerial imagery into Betterview’s property risk management platform.
The Geospatial Insurance Consortium’s (GIC; Boulder, Colo.) stated mission is to provide the most comprehensive, precise, and up-to-date location information to insurers. Its cloud-based imagery service captures coast-to-coast imagery of the continental US including ultra-high-resolution imagery of the top metro areas. Betterview asserts that the integration of this imagery will provide mutual customers with premium quality location data throughout the property and casualty lifecycle.
Betterview has been working with the GIC for over a year, according to Dave Tobias, COO & Co-Founder, Betterview. “Our initial project involved a mutual reinsurance customer who wanted to leverage GIC’s ultra-high-resolution imagery so they could identify potential roof and property issues in their book of business,” he relates. “After completing this project and seeing the value of GIC’s imagery first-hand, we decided to integrate its aerial imagery into our property risk management platform, allowing mutual customers to quickly and easily generate insights whether they are quoting new business, renewing a policy or expediting the claims process before and after the first notice of loss.”
Benefits to Mutual Customers
Betterview reports that its predictive analytics and property risk management platform are used by over a dozen personal and commercial lines carriers and is backed by a team with deep experience in the P&C insurance industry. Mutual customers of Betterview and GIC will now be able to access, analyze, and take action from high-quality GIC imagery by entering an address or uploading a book of business into Betterview’s risk management platform, according to Betterview
“We’re always looking to create value for our members by adding best of breed companies into our partner network,” comments Rob Agee, VP, Business Development, Geospatial Insurance Consortium. “One of the great benefits of this partnership with Betterview is that if our members don’t have an in-house machine learning platform, they can utilize an out-of-the-box solution like Betterview from our partner network to automatically generate insights about roofs and properties.”