Betterview, an InsurTech provider of intelligence to property/casualty insurance companies, announced a new partnership with location intelligence and aerial imagery company Nearmap.

This partnership enables customers of Betterview’s recently released CAT Response System for claims to 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 aims to speed recovery efforts. Insurers also can see what has happened to properties before first notice of loss or a claims adjuster can physically reach the location.

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 aims to help insurers quickly and accurately assess the extent of damage and decide how to allocate loss adjusters to impacted properties.

Betterview’s CAT-RS provides live predictions of real damage using computer vision processing to empower insurers to manage resources and budgets in the face of unpredictable weather events. The Nearmap-Betterview partnership also reveals historical property conditions and accurate damage spotlights in an effort to reduce the possibility of fraudulent claims.

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Gradient AI, an enterprise software provider of artificial intelligence in the insurance industry, announced that Builders, a mutual insurance company, adopted its platform in an effort to streamline and improve its underwriting process and support future expansion.

Builders manages complex, high-severity risks for a variety of industries including construction, retail, hospitality and manufacturing, among others. As the insurer began to grow geographically and across new industries, it began looking to improve its underwriting process, according to a Gradient AI press release. Builders chose Gradient AI’s product to enable its agents to evaluate risks with precision and speed in order to capture more business and decrease loss ratios, the release said.

Builders, which has a 30-year history and insurance expertise in the construction industry, is expanding through strategic diversification into new territories and additional verticals. Builders’ commercial insurance products include workers compensation, general liability, property, umbrella and builders risk insurance delivered through independent agents and managing general agents.

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Kentucky Employers’ Mutual Insurance, a provider of workers compensation insurance in Kentucky, selected Origami Risk’s multi-tenant software-as-a-service property/casualty platform for underwriting, billing and claims administration.

Specifically, Origami’s platform offers KEMI a variety of tools and functionality for policy administration, claims management, billing and advanced analytics.

Origami Risk offers a full suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control and claims administration, and reporting and analytics, along with a digital engagement experience for all internal and external stakeholders.

Sources: Betterview, Gradient AI, Kentucky Employers’ Mutual Insurance