Nearmap Introduces Portfolio Intelligence for Enhanced Insurance Risk Management
Nearmap, a prominent provider of property intelligence serving the insurance sector, has unveiled Portfolio Intelligence. This innovative, AI-driven solution is engineered to empower insurance carriers to analyze risk at a portfolio level, moving beyond the limitations of individual property assessments. This advancement allows for a more comprehensive understanding of risk distribution and portfolio health.
With Portfolio Intelligence, insurers can visualize and evaluate risk concentration to increase the resilience of their portfolios, assess portfolio performance based on agent or regional data, and recognize potential market opportunities. The solution, which is integrated into the Betterview platform, offers a significant improvement by consolidating AI-driven risk detections and associated scores that are based on updated aerial imagery, eliminating the need for manual data aggregation from various sources.
The benefits of Nearmap’s Portfolio Intelligence include:
- Improving operational efficiency by pinpointing and addressing areas with accumulated risks, such as those with a notable number of roofs in poor condition, and then examining the individual properties.
- Decreasing potential financial losses by enabling property filtering and analysis based on essential metrics such as roof condition, data from external sources, and customized risk flags (e.g., asphalt shingle roof material or roofs older than 10 years).
- Facilitating faster, more informed decisions to optimize underwriting strategies and enhance agent productivity.
- Identifying new market possibilities and developing action plans for agents and distribution partners.
“Portfolio Intelligence changes that by bringing AI-powered property intelligence to the portfolio-level, providing a clear, immediate view of risk distribution and portfolio health—without the delays of manual analysis,” said David Tobias, GM of Insurance at Nearmap. “More importantly, it enables insurers to take proactive steps based on these insights, improving underwriting efficiency, minimizing losses, and identifying new growth opportunities.”
Nearmap is committed to providing the data-driven intelligence needed for insurers to maintain profitability and resilience in a competitive market, allowing for a more dynamic approach to portfolio management.
About Nearmap
Nearmap is a geospatial intelligence provider, delivering high-resolution imagery and insights for clients looking to make informed business decisions. The Betterview and ImpactResponse platforms, powered by Nearmap, utilize AI and computer vision with aerial imagery to produce detailed property intelligence, empowering insurance companies with on-demand insights.
