Betterview

Betterview's Property Intelligence Platform

Betterview offers a comprehensive Property Intelligence Platform designed to support the entire policy lifecycle. This platform leverages AI-powered insights to analyze, score, manage, and monitor risk, providing insurance companies with a complete view of potential hazards. By combining regional hazard data with property-level vulnerability insights, Betterview enables more accurate underwriting and risk assessment. The platform's integration capabilities, such as the Partner Connect feature, further enhance its utility by incorporating third-party geospatial data into insurance workflows, thus streamlining processes and improving decision-making.

Betterview's AI-Powered Insights

Betterview stands out in the insurance technology sector with its AI-powered insights that help insurers predict and manage risk. The company's solutions include Peril Vulnerability Scores for severe weather events like wildfires, hurricanes, hail, and wind. These scores are crucial for underwriters to assess the likelihood and potential impact of various natural disasters on properties. Additionally, Betterview's Roof Age solution, which uses AI and image-based technology, provides accurate assessments of roof conditions, helping insurers make more informed decisions about coverage and potential risks.

Betterview's CAT Response System

Betterview's CAT Response System is an innovative solution designed to help insurers get ahead of claims in near-real-time during catastrophic events. This system leverages advanced data analytics to provide actionable insights that allow insurers to respond quickly and effectively to natural disasters. By combining hazard and vulnerability data, the CAT Response System ensures that insurers can accurately predict and manage claims, ultimately minimizing losses and improving customer satisfaction. This proactive approach is particularly valuable in the face of increasing frequency and severity of weather-related events.

Betterview's Partner Connect Feature

The Partner Connect feature is a key component of Betterview's platform, enabling seamless integration of third-party geospatial data into insurance workflows. This feature allows insurers to enhance their existing datasets with valuable external information, leading to more comprehensive risk assessments and improved underwriting accuracy. Partner Connect supports a wide range of data sources, including software and geospatial data partners, ensuring that insurers have access to the most relevant and up-to-date information available. This integration capability not only streamlines processes but also helps insurers stay competitive in a rapidly evolving industry.

Betterview's Predictive Risk Insights

Betterview's Predictive Risk Insights feature is designed to help insurers identify and manage peril risk effectively. By combining property-level insights with regional hazard scores, this feature provides a detailed understanding of potential risks associated with specific properties. Solutions like the Hail Claim Predictor and Wind Claim Predictor leverage this data to forecast claims and manage risk proactively. Betterview's Wildfire and Hurricane Risk solutions are particularly notable, as they use advanced analytics to predict damage and prevent loss, ultimately helping insurers mitigate the financial impact of these devastating events.