Press

A weekly recap of the latest news and announcements.

Betterview, which offers predictive analytics for the property insurance market, will supply Nationwide with its technology as part of a three-year commercial agreement.

Nationwide’s three-year commercial agreement with Betterview to use its proprietary computer vision & machine learning technologies deepens relationship with original venture capital investor.

The insurer has signed a three-year agreement to use the vendor’s proprietary computer vision and machine learning technologies.

Nationwide Mutual Insurance Co. has signed a three-year contract with Betterview Marketplace Inc. to use the insurtech firm’s roof analytics platform for commercial property renewals, the companies announced Thursday.

Betterview, which is quickly becoming the platform essential to every transaction around buildings and properties, and Nationwide today announced a three-year commercial agreement enabling the insurance carrier to utilize Betterview’s predictive roof analytics and risk management platform for commercial property renewals.

Betterview, a San Francisco-based firm that provides property data to insurance carriers, has teamed up with Synpulse, a management consulting firm founded in Zurich, Switzerland that helps property and casualty insurers upgrade their information technology systems.

Most research and media focused on InsureTech startups is written for innovators and investors, not for insurers. This report profiles 200 InsureTech startups—including Analytics Arms Dealers, Beneficial Bots, Creative Carriers, and Digital Distributors—from the point of view of insurers. It focuses on two key questions: Does this matter to my company, and what can we learn from it?

Nationwide has pursued partnerships with InsurTech and others as it has enacted its global strategy, such as its strategic investment in Betterview, an InsurTech whose machine learning platform is designed to help perform commercial and residential property assessments for P/C insurers and reinsurers.