InsurTech drone start-up, Betterview, has announced that it will integrate Understory, Inc.’s historical weather data into its UAV software platform.
Insurance and reinsurance companies use Betterview’s software and services to analyse data for buildings and properties, via drone technology. By integrating Understory’s historical weather data into its UAV software, Betterview’s clients will be able to review historical hail, high wind, precipitation and ice dam data before sending drones out to inspect buildings and properties.
An announcement on the partnership explains that by entering in an address, Betterview users will now be able to review historical weather data, current weather conditions, satellite imagery, and also building age to screen risk and investigate claims.
Co-Founders of Betterview, David Lyman and Dave Tobias, said; “Every time one of our insurance client submits an order, they want to know as much about a building & property as possible. In order to create more context around buildings & properties, underwriters and adjusters often go to various websites to gather building information, weather data, building & property images, etc.
“Our partnership with Understory pre-fills vital historical weather information to automate parts of the information gathering process, and more importantly, create a complete risk profile for our clients.”
Chief Executive Officer (CEO) of Understory, Alex Kubicek, said; “We are delighted to have formed a strategic partnership with Betterview. Our data is the perfect compliment to the roof and property insights Betterview generates. For example, an underwriter may be renewing a commercial policy with a roof that is four years old. When the address is entered into Betterview’s platform, the underwriter may see there were significant hail and wind events over the last two years. While the roof may be relatively new, the underwriter may want to dig deeper due to these events, and use a drone to make sure the roof was properly installed or alert the policyholder of any other potential issues.”
