GIC has activated to Level 2 – Partial Activation for imagery collection over the Saddleridge Fire in Los Angeles County, California.
With all evacuation orders now lifted, suppression efforts concentrated on the ground rather than the air, and damage assessments begun by CalFire, GIC is in the process of collecting imagery over the area today. The latest damage assessments have slightly decreased the number of destroyed structures to 17 but dramatically increased the number of damaged structures to 58.
GIC will continue to provide updates regarding the progress and completion status of imagery collection.
GIC has activated to Level 3 – Enhanced Monitoring for the wildfires in California.
Following days of red flag warnings, rolling public safety power shutdowns, and extremely critical wildfire risk, several fires have broken out across the state.
Saddleridge Fire in Sylmar in Los Angeles County is currently posing the greatest risk, having ignited late last night and now grown to over 4,600 acres with 0% containment. Media reports indicate as much as 75 structures have already been destroyed with over 23,000 homes, roughly 100,000 people, under mandatory evacuations. Major interstates in the area of the fire are closed and numerous evacuation shelters are open.
GIC will continue to monitor the scope and extent of the fires and post updates here.
LAS VEGAS (PRWEB) SEPTEMBER 23, 2019Betterview, a predictive analytics platform that makes every property thoroughly understood for the sake of those who rely on them, today announced the integration of the Geospatial Insurance Consortium’s high-resolution aerial imagery into Betterview’s property risk management platform.
The Geospatial Insurance Consortium’s (GIC) mission is to provide the most comprehensive, precise, and up-to-date location information to insurers. Its cloud-based imagery service captures coast-to-coast imagery of the continental US including ultra-high-resolution imagery of the top metro areas. The integration of this imagery will provide mutual customers with premium quality location data throughout the property and casualty lifecycle.
“We have been working with the GIC for over a year. Our initial project involved a mutual reinsurance customer who wanted to leverage GIC’s ultra-high-resolution imagery so they could identify potential roof and property issues in their book of business,” said Dave Tobias, COO & Co-Founder, Betterview. “After completing this project and seeing the value of GIC’s imagery first-hand, we decided to integrate its aerial imagery into our property risk management platform, allowing mutual customers to quickly and easily generate insights whether they are quoting new business, renewing a policy or expediting the claims process before and after the first notice of loss (FNOL).”
Betterview’s predictive analytics and property risk management platform are used by over a dozen personal and commercial lines carriers and is backed by a team with deep experience in the P&C insurance industry. Mutual customers of Betterview and GIC will now be able to access, analyze, and take action from high-quality GIC imagery by entering an address or uploading a book of business into Betterview’s risk management platform.
“We’re always looking to create value for our members by adding best of breed companies into our partner network,” said Rob Agee, Vice President of Business Development, Geospatial Insurance Consortium. “One of the great benefits of this partnership with Betterview is that if our members don’t have an in-house machine learning platform, they can utilize an out-of-the-box solution like Betterview from our partner network to automatically generate insights about roofs and properties.”
Both companies are currently exhibiting at InsureTech Connect at the MGM Grand in Las Vegas. Visit the GIC at booth 533 and Betterview at booth 906 to learn more.
For more information about this announcement, contact Paul Ptashnick at firstname.lastname@example.org or Brianna Swales at email@example.com.
About Betterview Betterview provides property insight and workflow tools for Insurance companies to improve the customer experience by accelerating decisions and improving risk at every point of the life cycle. For more information about Betterview, visit: https://www.betterview.comAbout Geospatial Insurance Consortium The Geospatial Insurance Consortium’s mission is to provide the most comprehensive, precise, and up-to-date location information to insurers. This insurance industry consortium delivers geospatial imagery and data, this leads to more informed underwriting, better claims decisions, reduces fraud and delivers faster catastrophe response. GIC’s growing member base includes Travelers, Metlife, MunichRe, USAA, Allstate, Citizens, and Brit. To learn more visit geointel.org.
Boulder, Colo. and Chicago, IL, Sept. 16, 2019 — The Geospatial Insurance Consortium (GIC), an insurance industry consortium spearheaded by the National Insurance Crime Bureau (NICB) and powered by Vexcel Imaging’s data program, together with Arturo, the AI-powered analytics platform for residential and commercial property characteristic data and predictive analysis, today announced their partnership. Together, the companies are bringing GIC member insurers access to advanced imagery, along with differentiated property data and analysis at an unprecedented speed. This helps insurers to make more informed decisions when underwriting, and improves situational awareness to expedite claims and improve fraud detection following major catastrophes.
Arturo grew out of more than three years of research by American Family Insurance on the application of AI and deep learning to satellite, aerial, drone, and ground-level imagery to accurately assess physical property characteristics for residential and commercial properties from the highest resolution and most current imagery. Arturo’s dynamic AI-powered analytics generate detailed property information, often in under five seconds. By deriving this data from the GIC’s high resolution imagery, insurers gain a deeper understanding of properties in real-time. This speeds up and simplifies how they do business and generates insights in seconds that would take hours if performed manually.
“Access to quality data is integral to how insurers quantify risk,” said John-Isaac Clark, CEO of Arturo. “Our technology’s sophisticated findings, based on AI and machine learning, derived from the GIC’s high resolution imagery, provides insurers with a deeper understanding of properties in near real-time.”
With nationwide coverage of the United States, the GIC’s aerial imaging capabilities boost the existing Arturo imagery database. In the event of a natural catastrophe, GIC deploys a fleet of aircraft after it’s safe to fly and within 24 hours of the aircraft touching down imagery is uploaded—a much quicker turnaround compared to other aerial imaging providers currently in the market.
“The GIC’s mission is to provide the most comprehensive, precise, and up-to-date geospatial information to insurers. By giving our members access to the most advanced analytics on the market today, in combination with our imagery, we are doing just that,” said Rob Agee, Vice President of Business Development, Geospatial Insurance Consortium. “Arturo has demonstrated its ability to provide robust, accurate information for insurers quickly and effectively. We are confident that the Arturo platform will be a true value-add for our members, and look forward to a long-term, collaborative relationship.”
The companies will exhibit at InsureTech Connect on Sept. 23 – 25 at the MGM Grand in Las Vegas. Visit the GIC at booth 533 and Arturo at booth 500 for a live demo and to learn more.
About Geospatial Insurance Consortium –
The Geospatial Insurance Consortium’s mission is to provide the most comprehensive, precise, and up-to-date geospatial information to insurers. This insurance industry consortium delivers geospatial imagery and analytics, leading to more informed underwriting, better claims decisions, reducing fraud and delivering faster catastrophe response. GIC’s growing member base includes Travelers, Metlife, MunichRe, USAA, Allstate, Citizens, and Brit. To learn more visit geointel.org.
About Arturo –
Arturo is a deep learning spin-out from American Family Insurance relentlessly committed to delivering highly accurate physical property characteristic data and predictive analysis for residential and commercial properties for use in the Property & Casualty (P&C) Insurance, Reinsurance, Lending, and Securities markets.
Leveraging the latest satellite, aerial, and ground-level imagery, as well as unique proprietary data sources, Arturo’s deep learning models provide differentiated property data unparalleled by any other provider – often in as little as 5 seconds. To learn more about Arturo, Inc., visit: www.arturo.ai or follow on Twitter @arturo_ai.