This post originally appeared on GIC.org.
Together, Vexcel and GIC have fully aligned their strengths to streamline efforts and enhance innovation, while continuing to provide the high-quality aerial imagery and coverage that insurers trust.
This post originally appeared on GIC.org.
Together, Vexcel and GIC have fully aligned their strengths to streamline efforts and enhance innovation, while continuing to provide the high-quality aerial imagery and coverage that insurers trust.
When a catastrophic event such as Hurricane Ian occurs, the scope and scale of destruction is almost unimaginable, leaving tens of thousands of people, communities, and businesses grappling with the aftermath. The path to recovery and restoration needs to begin as soon as possible, but the challenge of knowing where to start, who was impacted the most from the storm, and what needs to be done can cause lingering questions, especially for our insurer members. But now we have a new product that enables insurers to see at a glance the level of damage to a home, to a neighborhood, to a community, to the entire affected area.
Damage Assessment uses machine learning (ML) to deliver automatically generated property insights in seconds. When applied against Hurricane Ian aerial imagery, our insurer members can quickly and more efficiently spot and identify damaged homes and buildings at a glance.
So how does Damage Assessment work and what are the pieces of information pulled from our Gray Sky imagery?
As insurers begin assessing damage in Florida across the multiple areas hit hard by Hurricane Ian, they want to know things such as:
Being able to answer just these few questions can help insurers start off on the right foot after a major weather event. But going beyond imagery, finding actionable insights, is where Damage Assessment takes property and building reviews to the next level.
Starting with location coordinates, insurers can quickly view automated insights that provide trusted context for what exists on the ground. Damage is categorized in multiple ways on a building and includes:
The next step in verifying change or damage is using the GIC’s comprehensive Blue Sky imagery to compare against Gray Sky imagery. This comparison can help insurers validate change on a property and reduce uncertainty when processing a claim. It also plays a large role in combatting fraudulent claims as imagery is timestamped to aid in claim validation.
If you need access to our comprehensive collection of Hurricane Ian imagery, or need more information on how to get started using Damage Assessment analytics, please fill out the form below.