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Betterview and Nearmap Join Forces to Enhance Catastrophe Response Time for Insurers

Betterview and Nearmap Join Forces to Enhance Catastrophe Response Time for Insurers | Fintech Finance

Betterview, an InsurTech provider of actionable intelligence to property and casualty insurance companies, is pleased to announce a new partnership with leading location intelligence and aerial imagery company, Nearmap.

This partnership enables customers of Betterview’s recently released CAT Response System (CAT-RS) for Claims to rapidly assess which insured properties were impacted by catastrophic events. Nearmap ImpactResponse captures high-resolution imagery shortly after severe weather events, including windstorms, hurricanes, tornados, and wildfires. Combined with Betterview’s CAT-RS, this imagery helps insurers respond proactively to customers in need and speeds recovery efforts. Insurers also benefit from seeing what has happened to properties before first notice of loss (FNOL) or a claims adjuster can physically reach the location improving operational efficiency.

“This partnership is a great example of two companies joining forces to create a powerful solution,” said David Lyman, co-founder and CEO at Betterview. “Our predictive analytics, computer vision tools, and claim verification workflow with an intuitive UI, paired with Nearmap’s market-leading imagery, will help insurers quickly respond to their insureds in times of crisis while simultaneously reducing claims expenses.”

Nearmap ImpactResponse captures details of natural disasters to provide insurers inspection-grade imagery of impacted areas. Integrating aerial imagery from Nearmap ImpactResponse into Betterview’s CAT-RS platform helps insurers quickly and accurately assess the extent of damage and decide how to allocate loss adjusters to impacted properties.

“Using our market-leading proprietary camera and processing technology, Nearmap ImpactResponse gives insurers rapid access to post-catastrophe imagery, allowing them to review claims and respond to customers in a fraction of the time it would take to assess damage in-person,” said Elizabeth Del Ferro, general manager of insurance for Nearmap.

Betterview’s CAT-RS provides live predictions of real damage using fast computer vision processing to empower insurers to better manage resources and budgets, even in the face of unpredictable weather events. The Nearmap-Betterview partnership also reduces the possibility of fraudulent claims by revealing historical property conditions and accurate damage spotlights.

“This partnership builds on our longstanding relationship with Nearmap, empowering companies to protect their policyholders quickly and efficiently when they are most vulnerable,” said Dave Tobias, co-founder and COO of Betterview.

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