Gen AI in Underwriting and Claims - Nearmap Betterview Copilot

16 May 2024

Andrew Schwartz

ABOUT THE SHOWCASE

Gen AI is the hottest topic in the industry right now. Insurers are reaching out daily with questions and the need for advice through bootcamps, presentations, and requests for information about relevant vendors. We’ve created this showcase to allow insurers to see actual demos of available Gen AI products across the insurance value stream from a number of vendors.

ACCESS AND LENGTH:

The short introduction (1:59) is available to all. Click the image below to access.

The full demo (11:5) is available only with vendor permission. To access the full demo, please send an email to Julia Woodhead jwoodhead@celent.com and we’ll request authorization. Once you've been authorized, the webinar link below will be activated for you.

This demo includes an interview by Nate Golia with Dave Tobias. David Tobias serves as the General Manager of Insurance at Nearmap. Previously, he co-founded Betterview, the leading Property Intelligence Platform for P&C insurers, which was acquired by Nearmap in December 2023. David plays a pivotal role in driving the insurance market strategy for the Betterview Platform, enabling insurers to effectively identify and mitigate risk, enhance operational and inspection efficiency, and build a more transparent customer experience throughout the policy lifecycle.Before founding Betterview, David was instrumental in scaling Research Specialist Incorporated, an insurance loss control company. Under his leadership, the company expanded to conduct over 30,000 inspections annually with a network of more than 500 inspectors across the United States. Research Specialist Incorporated was later acquired by Alpine Intel. A veteran of the insurance industry and property inspection business, Tobias is focused on finding actionable, usable solutions to insurance-specific problems.

Overview of Product

Nearmap has a Gen AI Offering that can be used in Property Casualty Claims and Underwriting.

The Betterview Property Intelligence and Risk Management platform by Nearmap applies AI and computer vision to high-resolution aerial imagery and geospatial data to generate highly accurate property information for insurers. Armed with these tools, insurers are enabled throughout the policy lifecycle to increase quoting speed and accuracy, optimize underwriting efficiency, enhance property risk mitigation, and expedite the claims processes.

Betterview CoPilot serves as an advanced AI assistant tailored for insurance underwriters and managers, simplifying property and portfolio risk comprehension through insights derived from the Betterview Property Intelligence and Risk Management Platform, powered by Nearmap. It analyzes vast data in the platform, including Betterview’s computer vision detections, roof condition score, peril scores, and more than 2,000 third-party geospatial data, per property to offer summaries, recommendations, and graphs. These insights are available within minutes rather than in a few days by coding or manual analysis. Betterview CoPilot enables faster and more accurate underwriting decisions and empowers managers in portfolio risk management and underwriter management.

https://www.betterview.com/