Insurtech Betterview and Carpe Data have partnered to provide business occupancy data to P&C insurers.
Founded in 2016, Carpe Data is an online data provider focused on utilising alternative and emerging data for insurance carriers to maximise efficiency across the claims policy lifecycle.
Betterview will leverage Carpe Data’s Minerva solution, which provides predictive insights and risk assessment based on a business’s online presence.
The insurtech states that the partnership will enhance its platform with accurate location-based occupancy data about businesses across the country, empowering insurers to make faster, smarter policy decisions.
Betterview states that its major focus is to be a trusted and accurate source of property intelligence for P&C insurers, with a particular focus on COPE (Construction, Occupancy, Protection, Exposure).
Dave Tobias, chief operating officer and co-founder of Betterview, commented, “In this industry, knowledge is power. Insurers need to be confident that they are working with the most up-to-date and accurate information available on a property.
“Our platform provides a significant amount of that information – aerial imagery, computer vision spotlights, comprehensive risk scores, to name a few – but we are always looking for additional partners to enrich our offering.
“We are super excited to be working alongside Carpe Data, and to use their occupancy data to give insurers an even more complete view of real property condition and risk.”
According to Max Drucker, CEO and president of Carpe Data, the occupancy data provided by his firm will accelerate insurance workflows across the policy lifecycle.
He added, “Our real goal here is to help insurers have access to the most unique, complete and accurate data by using the best data currently available.
“We are thrilled to be sharing these products through the Betterview platform, which will provide access to a new audience for our tools and insights.
“If we can help just one insurer reduce their expenses, or even predict and prevent a major loss, then this partnership will be a win for our collective industry.”