(Image source: PrecisionHawk.)
EagleView, a Bothell, Wash.-based provider provider of aerial imagery and data analytics to the insurance and other industries, has selected PrecisionHawk (Raleigh, N.C.) as its drone technology partner. Through the partnership EagleView will collect at-scale insurance claims imagery via drones by leveraging PrecisionHawk’s global network of drone pilots, Droners.io.
The addition of PrecisionHawk’s drone pilot network will benefit EagleView OnSite Solutions for remote claims inspection, according to a joint announcement. EagleView OnSite virtual desk adjustment combines imagery from multiple sources, including drones, with a variety of data analytics and reports to enable adjusters to efficiently triage claims, virtually inspect properties from their desk, and ultimately close property/casualty claims faster.
“EagleView OnSite provides insurance customers with all the tools necessary to settle claims without ever going into the field,” comments Rishi Daga, CEO, EagleView. “As drones transform the way the insurance industry operates, making inspections safer, easier and more cost effective, EagleView reinforces its commitment to drone technology to digitize manual workflows.”
In addition to the efficiency and safety benefits of observing roofs with drones, virtual drone inspection also addresses the decreasing number of insurance adjusters, which has caused labor shortages, particularly after catastrophe events, such as major storms. “The demand for insurance adjusters is high, yet drone pilots add a new, untapped ‘labor force’ to the equation,” the joint EagleView/PrecisionHawk statement notes.
The vendors say that the partnership that combines the EagleView OnSite virtual desk adjustment solution with PrecisionHawk will offer the insurance industry thousands of certified, trained drone pilots to perform high-quality insurance inspections at a competitive cost. With more than 25,000 claims processed by EagleView OnSite in the last 18 months, EagleView asserts that it can help insurance carriers transform their property claim workflows and decrease cycle time by at least 40 percent to best serve their customers after a catastrophic natural disaster.
“Today, insurers are increasingly using drones for asset inspections, particularly when assessing claims. This practice is transforming the claims cycle, making it faster and safer for adjusters to observe, analyze and assess the damage associated with incidents ranging from one-off accidents to natural disasters,” comments Michael Chasen, CEO, PrecisionHawk. “Our relationship with EagleView not only provides highly trained and certified drone pilots for its offerings, but also underscores the significant value drones deliver across industries and catalyzes the adoption of drone technology.”
Cementing the Relationship
This week EagleView also confirmed its participation in PrecisionHawk’s latest round of $75 million in funding.
“To further cement our relationship, EagleView is investing in PrecisionHawk through our participation in their latest round of financing,” Daga comments. “Combining the strength of EagleView OnSite Solutions and the expertise and scale of PrecisionHawk and Droners.io, both operationally and with financial investment, will certainly help insurance carriers deliver more value to their policyholders.”