Reinsurance News

CoreLogic integrates HOVER 3D tech into underwriting platform

10th December 2019 - Author: Charlie Wood

Property information and analytics provider CoreLogic has announced the integration of HOVER property measurement and 3D technology into its ‘UnderwritingCenter’ platform for insurance clients.

corelogic-logoVia the HOVER app users are able to send images of a property and receive accurate measurement, including the total living area down to the inch, as well as an AI-derived sketch of their home.

“The accurate sketch that HOVER provides to homeowners serves as a single source of truth about a home’s vital data for all parties – from the homeowners themselves to the insurance carriers and inspection companies,” said Kevin Reilley, Executive Vice President at HOVER.

“This integration into the underwriting workflow helps determine a precise replacement cost calculation and additional insights to risk factors, while also providing transparency between homeowners and their insurance carriers.”

CoreLogic says this integration eliminates the need to hand-measure a property and provides a more complete view.

It also allows insurers to engage the homeowner as a part of the property insurance process, offering time savings and an educational opportunity that enhances the customer experience.

“With HOVER automatically integrated to the CoreLogic UnderwritingCenter, insurers can access detailed property information without disrupting workflow or changing existing underwriting guidelines,” said Rosanna Hancock, senior leader of client delivery, CoreLogic Insurance and Spatial Solutions.

“We are pleased to offer this advanced technology to our insurance customers to help them make more accurate, timely decisions when assessing a property’s current condition and making policy decisions.”

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