Augusta Mutual Insurance Company, a mutual insurance company, has selected InsurTech Betterview to improve risk selection and to provide better insight into property condition.
Betterview is a provider of actionable intelligence to property and casualty (P&C) insurance companies.
Founded in 1870 as the East Augusta Mutual Fire Insurance Company, Augusta Mutual has established a reputation as a reliable provider of coverage for all Virginians.
The company also places a strong emphasis on innovation, which led them to the Betterview Property Intelligence & Risk Management Platform.
David Johnson, president and chief executive officer at Augusta Mutual, said, “The Betterview platform is exactly what we were looking for to improve our oversight on property condition.
“We need to be able to analyze and manage risk for properties across the state – many of them in isolated rural areas. The Betterview combination of high-quality aerial imagery and computer vision insights allows us to do so without overly relying on in-person inspections. The platform will make our underwriting process easier, faster, and less expensive.”
Dave Tobias, co-founder and chief operating officer at Betterview, “This is just another example of a great insurer becoming even stronger with the help of a property intelligence platform.
“The folks at Augusta are committed to doing everything they can to provide maximum value to their members. I am pleased that our platform can help them to further this mission, both by predicting and preventing losses and by reducing expenses.”
Earlier this year, Betterview partnered with Plnar, an AI-powered virtual inspection software for the property insurance market.
Plnar’s AI-powered software automatically generates accurately measured 3D models of interior spaces in addition to automatically identifying materials and contents from smartphone photos.
The Plnar solution was built in response to P&C insurers need for a way to obtain an immediate, thorough view of property interiors following a loss.
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