Montreal, QC (Sept. 9, 2016) – Fluttrbox, provider of an innovative software platform leveraging drone technology and analytics for use by property and casualty (P&C) insurers in the underwriting, risk assessment and claim adjustment processes, is pleased to announce the company has launched a successful drone pilot program with Urbandale, Iowa-based Continental Western Group (CWG), a commercial lines P&C insurance provider serving 13 states in the middle United States.
“Fluttrbox offers an affordable entry model for P&C insurers looking to utilize drone technology for an immediate ROI because we don’t require customers to buy equipment or hire, license and onboard operators,” said Aristo Mohit-Coker, founder of Fluttrbox. “CWG was excited about the capabilities offered by Fluttrbox, including the network of experienced and available operators, the image hosting functionality, on-demand accessibility to images and data, and an ability to organize the data in a logical way for the company’s underwriters, claim managers and adjusters alike. The team at CWG has a profound appreciation for new technology, and we are so pleased they signed on with Fluttrbox for this pilot project.”
Organizing a risk or property assessment workforce across multiple states is a significant challenge for P&C insurers of all sizes. CWG was looking to improve and streamline underwriting and claims processes for the company’s wide range of insurance products, including auto, liability, property and varied commercial packages by utilizing aerial photographic techniques and turned to Fluttrbox for help with the difficult task of not only gathering aerial images, but analyzing returned images and the related data.
“Part of the attraction of a drone program for CWG was the possibility of a reduction in loss adjustment expenses and an increase in underwriting accuracy,” said Doug Pearson, senior vice president and chief underwriting officer for CWG.
Fluttrbox technology consistently removes the complexities of resource allocation for on-site monitoring, including capital expenses required for equipment, talent acquisition, regulatory compliance, information gathering, data storage and management, and documentation.
Fluttrbox provides property and casualty (P&C) insurance companies of all sizes and across all lines of business entrance into the world of drones via an innovative software platform leveraged in conjunction with a network of drone operators and powerful analytics. Fluttrbox enhances the ability of any insurer to more accurately assess property damage by acquiring otherwise unattainable aerial images for use in the claim adjustment process. A graduate of the 2016 Global Insurance Accelerator (GIA) cohort, Fluttrbox does not require significant investment of capital in equipment or personnel, making cutting-edge drone programs possible for small to mid-size companies looking to engage on a level playing field with large-tier insurers. For more information, please visit www.fluttrbox.io.