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InsurTech company Betterview (San Francisco), whose remote property intelligence platform turns data into actionable insights for property/casualty insurance carriers, has launched the PropertyNow preprocessed data offering for quotes. The new feature to the Betterview platform gives insurers access to AI-model-derived, pre-processed Roof Condition Estimate, and other essential rating and underwriting attributes for residential and commercial properties across the entire United States, enabling them to provide fast and accurate quotes, according to a vendor statement.
PropertyNow lets carriers query properties for attributes such as roof condition, yard debris, presence of swimming pools and trampolines, and numerous other data points related to property condition and real risk drivers. Betterview reports that all the data provided within PropertyNow is available within 500 milliseconds, letting carriers make unlimited queries on any property throughout the country without changing their pricing model.
With PropertyNow, carriers now have instant access to the following, by Betterview’s description:
- Betterview’s 100 percent proprietary AI roof condition and roof attributes for over 140 million structures
- Betterview’s 100 percent proprietary AI property attributes across over 110 million land parcels
- Coverage of both personal and commercial properties across the entire United States
- Unlimited access to rating and underwriting variables that support a faster and more accurate quoting process
Betterview says its preprocessed offering for quoting seeks to address a market environment within which many policyholders have come to expect faster and more efficient processes from their insurers. InsurTech carriers/distributors such as Hippo (Palo Alto, Calif.) have raised the bar when it comes to the speed of quoting, and wth PropertyNow, Betterview aims to show how both personal and commercial insurers can offer speedy quoting options without sacrificing accuracy.
“Our goal at Betterview has always been to serve the real needs of carriers and their underwriters and solve the real problems they face daily,” says David Tobias, co-founder and COO, Bettervie. “PropertyNow, like every part of our platform, will help create a smarter, faster, and more harmonious policy experience for all parties involved. As a result, expenses will go down, underwriter workflows will be streamlined, and customers will be delighted by the speed and accuracy of their quotes.”