Betterview, an insurtech provider of actionable property intelligence, has unveiled a new quoting experience at the Insurtech Connect Vegas 2022 conference. Directly connected to the Betterview Property Intelligence Platform, the new web app empowers P&C insurers to offer a re-invented property quoting experience to increase customer acquisition – powered by an elegant geospatial user interface, Betterview’s cutting-edge computer vision technology – without the complexity or cost of custom development.
As one of the first points of contact between insurers and policyholders, a smooth quoting experience is crucial to building a world class customer experience. However, current processes tend to be inefficient, requiring customers to fill out tedious forms. In recent years, thanks in part to disruption from companies like Lemonade and Hippo, customers have demanded a faster, single-click quoting experiences. Betterview’s new quoting web app will solve this problem for insurers and improve the overall experience for consumers.
Insurers can implement the Betterview quoting experience directly into their consumer-facing portals without expending significant IT resources. The quoting web app integrates property intelligence from Betterview – including a 100-point roof score, property vulnerability detections, and more sources of public, private, and commercial geospatial data – to instantly provide a prefill of property attributes that can be used to deliver an accurate quote in a transparent way. This reinvented quoting experience will help insurers accelerate workflows and build a better relationship with their potential customers.
“Property intelligence tools – including those built on artificial intelligence and computer vision – are transforming every aspect of P&C insurance,” says Dave Tobias, co-founder and chief operations officer at Betterview. “We had an opportunity to ‘fix’ quoting, making it more accessible and painless for both insurers and their policyholders. We didn’t see a great quoting product out in the market, so we built one and have made it available to all insurers. Our tool, boosts efficiency for insurers and improves their expense ratio. But more importantly, it allows them to deliver a superior experience to their customers. It does all of this without requiring any coding on the insurer’s end.”
Betterview previewed their new quoting experience at this year’s Insurtech Connect Conference (ITC) and will soon make it available as an add-on to all users of their Property Intelligence Platform.