Cameron Mutual Insurance Company, which provides personal, farm, and commercial insurance to individuals and businesses across three southern and midwestern states, today announced it is partnering with insurtech company Betterview to streamline its property underwriting processes.
“Writing property insurance in the Midwest has become more challenging given the volatility associated with heightened spring and summer storm activity,” said Jody Klostermann, vice president of Underwriting at Cameron Mutual. “Using Betterview’s platform we can quickly identify potential property and casualty exposures that may not be readily apparent from the ground level. The early detection and management of these adverse risk characteristics is a win for the insured, the agent, and Cameron.”
Betterview’s Remote Property Intelligence platform uses geospatial data and machine learning technology to identify major risk drivers on both homeowners and commercial properties. These insights, including a 100-point “Roof Condition Score” and first-of-its-kind rules and flagging engine, help insurers quickly identify risk and mitigate losses. They also help insurers reduce expenses by limiting the need for on-the-ground inspection teams.
“The accurate assessment of emerging and elevated exposures, especially those related to climate change, calls for the application of new and more sophisticated solutions,” says Betterview co-founder and COO Dave Tobias. “As a result, more carriers are integrating innovative technologies – geospatial, Artificial Intelligence, IoT – into their underwriting processes. That’s what Betterview offers. We are pleased to partner with Cameron Mutual as they step into the future of P&C insurance.”