Betterview is to partner with Conifer Insurance to deliver property data and analytics to Conifer’s commercial lines underwriting team to assist in the underwriting evaluation process.
The solution uses AI to analyse manned aircraft and satellite imagery of individual risks, factoring in historical weather and other data sources to determine roof condition and various other characteristics necessary to evaluate the risk of future insurance losses.
“One of the biggest challenges for commercial lines insurers is getting accurate and actionable roof data on commercial buildings,” said CEO of Betterview, David Lyman. “While personal lines insurers are mainly dealing two or three different roof types, commercial lines insurers are typically dealing with six or seven roof types, such as black EPDM, white TPO, PVC, modified bitumen and SPF. We have invested thousands of hours training our machine learning platform over the last few years to accurately detect issues on various types of roof material."
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