Geomni Forms Strategic Alliance with DroneBase to Access the World’s Largest Pilot Network for Property Inspections
Insurers Will Now Be Able to Leverage Aerial Data and Insights Nationwide
Los Angeles and Jersey City, N.J., Oct. 1, 2018 — Geomni, a Verisk (Nasdaq:VRSK) business, and DroneBase, the world’s largest global drone operations company, today announced a strategic alliance that adds DroneBase’s pilot network and API to Geomni’s fleet of fixed-wing aircraft to expand property inspections globally.
“The insurance industry is beginning to tap into the power of drones, and aligning with Geomni should demonstrate the ROI-positive impact drones can have for insurers,” said Dan Burton, CEO and founder of DroneBase. “Through the scale of DroneBase’s pilot network and API, our imagery will help speed insurance claims and more.”
Geomni customers are able to order roof or property data packages that include the most up-to-date property conditions via drone imagery. Upon ordering a Geomni UAV inspection, DroneBase’s API is alerted, and a local pilot trained to capture the aerial imagery for insurance work is deployed. Once the pilot returns the imagery, Geomni converts the imagery—in as little as 48 hours—into usable property data that gets sent to some of the most widely used insurance applications, such as Xactimate®, Xactware’s industry-leading estimating platform. Xactware is also a Verisk (Nasdaq:VRSK) business.
“DroneBase has demonstrated its excellence in capturing aerial UAV imagery and, paired with our current fleet of manned aircraft, is expected to add more options for insurers and other industries around the globe,” said Jeffrey C. Taylor, president of Geomni. “This is an important time in insurance with hurricane season underway. With this additional offering, we’re prepared to provide the best and fastest service possible to aid in recovery and quickly help communities.”
During last year’s hurricane season, both Geomni and DroneBase assisted in post-catastrophe recovery. Geomni provided aerial imagery and measurements for many of the top-tier insurance carriers in Texas, Florida, and Puerto Rico, while DroneBase completed hundreds of missions in those same areas after Hurricanes Harvey, Irma, and Maria.
Beyond insurance claims, this alliance can also be leveraged for commercial applications such as parking lot imagery capture and mapping. The alliance between Geomni and DroneBase is available today through www.geomni.net.
DroneBase is the largest global drone operations company, which provides businesses with stunning aerial information to make better, real-time decisions about their most critical assets from the world’s largest pilot network. Based in Los Angeles, the company is the trusted, go-to platform for aerial images and data for worldwide enterprise commercial clients across multiple industries such as residential and commercial real estate, insurance, telecommunications, construction, and media. DroneBase has completed over 100,000 commercial missions flown in over 70 countries and in all 50 states. The company was incubated by Y Combinator and has raised more than $17 million in funding from Union Square Ventures, Upfront Ventures, Hearst Ventures, Pritzker Group, Accel Partners, SV Angel, and DJI.
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.
Edelman (for Geomni)