InsurTech Drone Startup Betterview Forms Strategic Partnership with Munich Re
San Francisco, Calif. (Jan. 18, 2018) – Betterview, which is quickly becoming the platform essential to transactions around buildings and properties, today announced an agreement with Munich Reinsurance America, Inc. (Munich Re) to offer drone imagery, analysis and reporting to Munich Re’s insurance company clients. As part of the agreement, Munich Re will refer insurance company clients that can benefit from the building/property data, analysis and insights that Betterview offers; interested insurance companies would be able to purchase Betterview’s services for a fee.
Betterview offers drone-based inspection services to capture high-resolution images of residential and commercial properties. Betterview also offers cloud-based software to organize, store and analyze the captured images to support an insurance company’s underwriting inspection, loss control and claims adjustment processes.
“We are always looking to collaborate and drive innovation activities with our insurance company clients,” said Tim Brockett, Senior Vice President, Munich Re. “Not only are we impressed with Betterview’s technical capabilities, we believe that their commitment to creating value for the insurance industry really sets them apart from their competitors in the drone space, delivering high-level data, analysis and insights into buildings and properties.”
Betterview, founded in late 2014, has successfully inspected over 15,000 properties for over 90 insurance clients. Some of the capabilities of Betterview’s software & services include:
- Full stack software solution that works world-wide
- Artificial intelligence analysis based on over 1.5M analyzed & tagged photos of buildings & properties
- 4,400+ on-demand drone pilot network in the U.S.
- Claims reports generated by in-house adjusters and artificial intelligence
- Drone pilot network partnerships in Canada & Europe
- Reports to assess flood and wildfire risk exposure
- Orthomosaic maps to derive building & property measurements
- And more
“We are extremely proud that Munich Re selected Betterview as its referral partner,” explained David Lyman and Dave Tobias, Co-Founders, Betterview. “With the close of our series seed funding round in September, Betterview is uniquely positioned to meet the evolving needs of Munich Re’s clients.
“Over the last few months, we have invested heavily into the expansion of our engineering and operations teams. This expansion has allowed us to focus on broadening our machine learning/computer vision capabilities, enhancing our software platform, creating new partnerships, as well as launching a soon to be released version two of our mobile application,” said Lyman and Tobias.
For additional information about this press release, please contact Paul Ptashnick at [email protected].
Betterview exists to make every building and property thoroughly understood. In an increasingly competitive environment, decision-makers are able to reduce risk, cost and waste by leveraging the Betterview Machine Learning Platform to unlock actionable insight from an abundance of drone, aerial, and satellite imagery. For more information, visit www.betterview.com.