Verisk Insurance Solutions Redefines Imagery Database for Property Professionals

By Insurance CIO Outlook | Thursday, May 05, 2016

LEHI, UT: Verisk Insurance Solutions, a provider of data analytics, enters into long term agreement with a range of U.S. aerial imagery and data-capturing enterprises for the speedy accumulation of high-quality imagery and data for Property InSight.  Through the platform the company and its Xactware business assures reliable geographic coverage with high-quality imagery and data capture specifically catering to the needs of property insurance industry and other building professionals.

Proprietary algorithms used by Xactware process, the high-quality imagery and data provides property professionals with comprehensive information on the exterior of a structure, including roof and exterior plans with all dimensions; 3D property models; hazards, property conditions, and analysis of building materials; a landscaping plan; plans and information for windows, doors, decks, swimming pools, and outbuildings; high-resolution aerial images; and much more.

“This latest initiative illustrates our long-term commitment to the highest-quality imagery and data that will provide our customers with the best possible information about structures for making robust decisions in a cost-effective way,” states Jeffrey C Taylor.

Property InSight is designed for all types of building professionals with muti-purpose usability which  includes remote exterior building inspections and risk assessment; creating reconstruction estimates after a damaging event; determining the squares of roofing for roof replacement; and much more, including information used to estimate siding, rain gutters and downspouts, soffit and fascia, awnings, and so on.

Property InSight saves the amount of time spend byproperty professionals’ at a site measuring, determining quantities, and assessing the types of materials used. “The demand for high-quality imagery and for data captured specifically for property workflows continues to grow. This initiative strengthens our coverage in many key areas in the United States with higher-quality information at a faster pace,” says Jim Loveland, President and CEO, Xactware.

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