Geospatial data from Verisk, AI-enhanced analytics and aerial imagery from Vexcel combine to help accelerate insurance response to historic hurricane damage

Geospatial data from Verisk, AI-enhanced analytics and aerial imagery from Vexcel combine to help accelerate insurance response to historic hurricane damage

JERSEY CITY, NJ, Oct. 01, 2022 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), one of the world’s leading data analytics providers, is working with Vexcel Data Program, the largest aerial imagery program in the world, to help insurers accelerate their response to the extensive property damage caused by Hurricane Ian.

Vexcel, on behalf of its partner Geospatial Insurance Consortium (GIC), is deploying multiple fixed-wing aircraft equipped with market-leading cameras to collect high-resolution aerial imagery.

Vexcel’s disaster imagery is integrated with Verisk’s Respond MAP platform, which provides five-day hurricane wind forecasts and leverages artificial intelligence, geospatial technology, and robust property and claims data to analyze the damage. The interactive platform helps insurers identify affected properties, assess the extent of damage and manage on-site inspections.

“Recovering from the tremendous destruction caused by Hurricane Ian will be a long journey,” said Maroun Mourad, president of claims solutions at Verisk. “But with Vexcel’s pre- and post-hurricane aerial imagery and our advanced geospatial and real estate analytics, we’re able to help insurers identify damage, connect with victims, and start the road to recovery.” .”

“The damage caused by Hurricane Ian is extensive, but can vary significantly by property,” said Erik Jorgensen, CEO of Vexcel Group. “Our high-definition aerial imagery and world-class processing pipeline are helping Verisk deliver real-time analytics to guide and streamline insurers’ response to this disaster.”

Respond MAP is part of a wide range of solutions offered by Verisk to help insurers deal with catastrophe risk. These solutions include address-specific analytics to help underwrite properties, extreme event models and loss estimates to help manage the accumulation and transfer of risk, claims management solutions to combat fraud and expedite payments, and computer software for professionals involved in estimating all phases of construction. and repair.

Learn more about Verisk weather and climate solutions.

About Vexcel Data Program
For 30 years, Vexcel’s award-winning technology has led the photogrammetry and remote sensing industry. Using its professional-grade UltraCam sensors and a dedicated fleet of aircraft, Vexcel operates the largest aerial imagery and geospatial data program in the world. Vexcel collects images from over 25 countries, including rural and urban areas of the contiguous United States. It provides a wide variety of high resolution products ranging from Oblique to True Ortho, DSM to Multispectral and property attributes. Its cloud-based aerial data improves workflows in a variety of industries. Vexcel is the operational partner of the Geospatial Insurance Consortium (GIC). More at vexceldata.com and gic.org.

About Verisk
Verisk (Nasdaq: VRSK) provides data-driven insights and analytical solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk enables customers to enhance operational efficiency, improve underwriting and claims results, fight fraud and make informed decisions on global issues, including climate change and extreme events as well as policy and ESG. the subjects. With offices in over 30 countries, Verisk consistently achieves Great Place to Work certification and fosters an inclusive culture where all team members feel like they belong. To learn more, visit Verisk.com and the Verisk Newsroom.


        

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