The New Betterview Roof Age
A Groundbreaking Solution to the Age-old Challenge with Unprecedented Accuracy
Immediate, Automated Results in Seconds (No Human Needed)
Betterview leverages artiﬁcial intelligence (AI) and computer vision to analyze high-resolution aerial imagery, enabling precise determination of roof age compared to permit data or homeowner and agent estimates that may be several years off. With more accurate and reliable roof age data, insurers can predict and prevent losses, avoid premium leakage, and provide faster quoting.
Streamline the quoting process (Pre-fill the roof age) and provide a more accurate and instant quote.
Select better risk, prevent avoidable losses, and accelerate the quote-to-bind process.
Pricing & Policy Terms
Fine-tune rating algorithms to accurately price policies (minimize premium leakage or offer more competitive pricing). Determine policy terms such as ACV vs. RCV and the roof payment schedule.
Prioritize physical inspections for properties with older roofs to better manage and mitigate overall risk.
The Trouble with Historical Solutions
As inaccurate roof age data leads to over $1.31 billion in premium leakage every year2, historical solutions are inadequate to validate and support informed decisions.
App, Agent, & Homeowner Estimates
Lack of knowledge – the roof might have been replaced prior to the most recent purchase. The homeowner or agent may be incentivized to understate the roof age to obtain a lower premium.
Property Records & Permit Data
Not every municipality has data available. Some permits may be filed improperly, not filed at all, or don't match zip codes. Even if permits were filed, the repairs may not have been done, or indicate a full roof replacement when only a part was repaired.
High-cost and time-consuming, reports usually take days (or weeks or months) to return. It involves scheduling with policyholders and inspectors which could complicate the process. Large or complex roofs may require additional resources like drones and extra labor to get a full analysis.
Experience the power of Betterview Roof Age, and its advantages over traditional roof age solutions
ROOF AGE ON-DEMAND WEBINAR
Watch now to learn more about Betterview Roof Age and why it is a industry-changing solution.
Betterview’s new AI-powered roof age solution empowers P&C insurers to make informed decisions across the policy lifecycle, protecting customers, and improving loss ratio.
BLOG: A GAME-CHANGER FOR ACCURATE ROOF AGE DATA
The age of a roof has emerged as an important subject within the property and casualty (P&C) insurance industry. Due to its vital role in risk assessments and the challenges involved in determining it accurately......
BLOG: REVEALING THE HOLES IN ROOF AGE DATA AND HOW TO REPAIR THEM
For P&C insurers, knowledge is power. The more you know about a property’s current and historical condition, the better equipped you are to make decisions at every stage of the policy lifecycle. One current significant gap in this knowledge is roof age.