For personal property risks
Aerial imagery raises the standard for reliable, cost-efficient property data. Technology and machine learning make this underwriting and rating data even more reliable, and flexible delivery can ease integration into your workflows. Are you keeping up?
Any property may pose unique risks to insurers. With high-resolution aerial imagery, captured by Vexcel and augmented with analytics by Verisk, the view from above can help reveal those risks and help bring application data to life. Nearby trees raise potential for damage and surrounding vegetation may increase wildfire risk, while a pool and a trampoline increase liability exposure.
Aerial imagery can clearly reveal a property’s roof characteristics. With high-resolution views, see how a roof’s condition changes over time and capture potential hazards: nearby or overhanging trees, materials that are especially prone to damage and expensive attachments such as solar panels.
As the wildfire peril grows, keep an eye on property-level mitigation with aerial imagery. Measure property elements such as elevation and acreage, and monitor characteristics such as defensible space between structures and vegetation or other potentially combustible materials for mitigation of wildfire exposure.
Aerial imagery technology enables insurers to detect liability hazards on a property in the form of swimming pools, trampolines, and other outdoor features and amenities with the potential to cause injury to residents or guests.
Data derived from aerial imagery can be used as another tool to help insurers automate more informed underwriting throughout the policy lifecycle
Digital transformations, such as imagery analytics, are helping carriers maximize alternatives to traditional underwriting processes, while still helping to identify hazards and assess insurance-to-value throughout the policy lifecycle.
The cost and structural complexity of a roof, coupled with its critical role as protection from the elements, can raise particular concerns for many property insurance underwriters. Verisk estimates U.S. roof claims exceeded $19 billion just in 2021, making up about 30 percent of all property loss dollars.
Data derived from aerial imagery adds important new property condition elements to use at point of sale and renewal. We’re continually developing new data points, so you can expand and automate underwriting. Our image processing employs advanced automation based on human expertise to help ensure the most informed interpretation.
Verisk sources geospatial data in part from Vexcel Imaging, a leader in aerial imagery data, large-format aerial cameras, and photogrammetry software.
Verisk’s Roof Solutions for Homeowners can help insurers identify high-risk exposures, reporting on key roof data points like age, condition, and weather data.
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