Press

One AI technology making inroads is machine vision. Insurers most often apply machine vision for damage assessment in personal lines claims or risk mitigation. Claim Genius and Tractable apply the technology to determine auto damage; Betterview uses machine vision to analyze roof and property conditions.

This briefing will focus on property insurance as it relates to technology and InsurTech. Property insurance is the second-most dominant line of insurance business in property and casualty (P&C)/non-life.

I’ve had the pleasure of collaborating with many folks here at Guidewire who are working to fulfill one of our key missions: enabling a vibrant ecosystem that insurers can harness to accelerate innovation and differentiate. This is a goal we have not just as a company but as a participant in the P&C industry. Recently there’s been a tremendous amount of momentum in this area.

Digital Insurance’s quarterly review of Crunchbase data found 36 investment events loosely grouped under the “insurtech” umbrella; last year at the same time saw 81. This indicates that bets are being placed at more “proven” companies amid the economic uncertaintly roiling the globe.

Geospatial imagery assessments can take the legwork out of assessing properties. Find out more about the strengths and limitations of the technology.

Guidewire recognizes Solution partners’ achievements and continues to expand the breadth of integrations available in the Marketplace, benefiting its global community of P&C insurers.

Startup Betterview raised $7.5 million in new funding to fuel expansion of its artificial intelligence technology that helps property/casualty insurance carriers spot and manage property risk.

Betterview, which builds predictive analytics for the property insurance space, has closed its new funding round on $7.5m.

InsuranceERM rounds up all the developments in the fast moving world of insurtech.