(Image credit: Adam Derewecki/Pixabay.)
The Redwoods Group, a Crum & Forster company, has selected the Betterview (San Francisco) Property Intelligence Platform to strengthen and accelerate critical property underwriting capabilities for new business and renewals, according to a Betterview statement.
Based in Morrisville, N.C., Redwoods provides specialty P&C coverages to youth organizations, such as Boys & Girls Clubs, YMCAs, and Jewish Community Centers, across the country. Many of Redwoods’ commercial customers are located in neighborhoods increasingly impacted by varied and changing environmental threats, including climate change or wildfire risk, civil unrest, and even the legalization of cannabis.
“Our goal is for the youth organizations we serve to actually be able to focus on serving the youth of their communities,” comments Kevin Trapani, co-founder and CEO, Redwoods. “Betterview helps us better protect our customers’ facilities in real-time. With Betterview we have more ability to predict and prevent future losses than ever before.”
Redwoods will integrate Betterview’s Property Intelligence Platform into both underwriting and loss control processes for a more holistic view of the properties being covered, according to the vendor. The Betterview Platform transforms raw data, including third-party data from the company’s PartnerHub, into actionable insights presented in a single, intuitive interface. Betterview’s recently released Defensible Space tool, in particular, will help Redwoods improve its customers’ experience and become more financially sustainable, by delivering insights into relevant environmental threats, such as wildfire vulnerability, the Betterview statement says.
Proactive Risk Mitigation
“The Betterview Platform leverages public, private, and commercial data to provide our insurer customers, like Redwoods, a more complete picture of specific property risks,” says David Tobias, COO and co-founder, Betterview. “By identifying vulnerabilities, insurers can take risk mitigation actions before losses occur. At the end of the day, the youth participating in activities at organizations Redwoods helps to protect will be safer as well, and isn’t that why we all do this?”