(Image source: Celina Insurance Group homepage.)
Celina Insurance Group (Celina, Ohio), a community-focused provider of property/casualty insurance for over a century, has announced its selection of property data InsurTech Betterview (San Francisco). Celina will use Betterview’s Property Intelligence and Risk Management solution to drive more accurate assessments of property conditions during policy renewal, according to a statement from the vendor.
Celina sought an InsurTech partner to obtain reliable and consistent data on roof condition, an especially relevant factor for Midwestern insurers dealing with inclement weather, according to the Betterview statement. Previously, Celina’s underwriters relied on time-consuming physical inspections to assess roof condition and often had to make adjustments later in the policy lifecycle, the vendor reports. Betterview says it provided Celina with more accurate property data upfront and an extensive selection of roof-related property insights for improved risk selection and efficient underwriting.
“Betterview gave us even more than we asked for,” says Trish Harlamert, VP, Underwriting, Celina Insurance Group. “There are so many great datasets and tools on their platform, including a full, transparent assessment of overall roof condition and the ability to flag changes in property condition over time. This is extremely useful for renewals because we can see if a policyholder has added a swimming pool, trampoline, or even an additional structure since the last time we had eyes on the property.”
More Efficient Renewal Workflows
“Our platform empowers insurers like Celina with an instant, AI-powered view of current and historical roof condition,” comments Dave Tobias, co-founder and COO, Betterview. “Our mature machine models can detect over two dozen relevant risk drivers, including staining, ponding, and missing shingles. Equipped with the best property data, they can make more informed decisions and collect adequate premiums without relying on costly, time-consuming physical inspections.”