Frederick Mutual rolls out Betterview AI

Betterview has signed a commercial agreement with Frederick Mutual Insurance, whereby the latter will roll out the AI firm’s property analytics throughout the policy lifecycle -- from loss control and underwriting to claims and catastrophe response.

Frederick Mutual is the ninth oldest insurer in the United States. Through independent agents, the company offers comprehensive insurance coverage and products for small businesses located in Maryland, Delaware, Virginia, Pennsylvania, North Carolina, and Washington, D.C., as well as homeowners insurance in Maryland and Pennsylvania.

“We may be one of the oldest insurance companies in the United States, but we are a forward-thinking organisation that acts like a 175-year-old start-up,” said Nancy Newmister, president and CEO, Frederick Mutual.

Betterview’s property risk management platform is used by over a dozen personal lines and commercial lines carriers to identify and score roof condition and other property risks. It does this by using machine learning and computer vision to analyse manned aircraft and satellite imagery. It then combines this data with building records and historical weather to determine the characteristics and condition of a roof and the risk of a future loss.

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