Geomni Achieves Widespread Aerial Imagery Coverage of Parcels and Structures in the United States
Quality plus coverage is driving better property-related decisions, says Geomni president
Lehi, Utah, May 24, 2018 — Professionals across a range of industries are now able to access detailed information about almost any parcel or structure in the United States, and that’s dramatically improving the way they work with property, according to Geomni president Jeffrey C. Taylor. Geomni is a Verisk business (Nasdaq:VRSK).
“Using the high-quality data collected by our state-of-the-art imagery resources, our customers tell us they’re able to improve efficiencies significantly and make more informed property decisions than before,” said Taylor. “In addition, as we provide this information on our industry-leading platforms, such as Geomni™ Mobile app, Xactimate®, and XactAnalysis®, our customers are able to easily integrate the information into their workflows, and they’re finding new and creative ways to use the data that weren’t imagined only a few months ago.”
“For example, after the recent hailstorms in Janesville, Wisconsin, and the tornado in Xenia, Ohio, post-event data and imagery helped our insurer customers resolve claims faster, improve policyholder satisfaction, and identify potentially fraudulent claims,” explained Taylor.
Aerial imagery and property data, including measurements and dimensions, are available for commercial and residential properties through Geomni Property, Geomni Roof, and Geomni Roof Essentials data packages. They provide insightful data for InsurTech claims and underwriting solutions, commercial applications, and Photogrammetry, Surveying and Mapping firms serving customers in multiple segments, including government, energy, solar, and more.
For best-in-industry image quality, Verisk has invested in high-efficiency oblique and nadir imaging, lidar sensors, and aerial platforms—offering customers high-resolution, validated oblique and nadir aerial imagery, DEM/DSM (digital elevation and surface models) from lidar images, and metadata.
Geomni has built a massive library of high-resolution imagery and 3D data by using multiple remote sensing platforms with a focus on fixed-wing aircraft but also including satellites, unmanned aerial vehicles (UAVs), and even mobile devices used to collect ground-level data and images through the Geomni Mobile app.
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Geomni, a Verisk (Nasdaq:VRSK) business, is centered around an address- and location-based database of property-related analytics. Using the latest remote sensing and machine learning technologies, Geomni gathers, stores, processes, and delivers geographic and spatially referenced information relating to residential and commercial structures. Property professionals can use the data to help determine scope of damage, discover hazards, assess risk, perform valuations, and much more. Geomni’s property analytics database supports a number of critical tools that protect people, property, and financial assets. Learn more at www.geomni.com.
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor’s S&P 500® Index. In 2017, Forbes magazine named Verisk to its America’s Best Mid-Size Employers list and to its World’s Most Innovative Companies list. Verisk is one of only seven companies to appear on both lists. For more information, please visit www.verisk.com.
Edelman (for Geomni)