Clearing Up the Modern Insurance Picture

The human arsenal has always enjoyed being a little on the loaded side, but honestly; it is still yet to possess anything more valuable than that tendency of ours to grow on a consistent basis. This is because the stated tendency has already enabled us to hit upon some huge milestones, with technology appearing as a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look beyond the surface, it should become clear how the whole runner was also very much inspired by the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution, in turn, will scale up the human experience from all conceivable directions, but even after achieving such a monumental feat, technology will somehow keep on delivering every right good in the book. The same has grown to become a lot more evident in recent times, and assuming a new partnership works out just like envisioned, it should only make trend bigger and better moving forward.

Betterview, the insurtech platform guiding insurers through actionable property intelligence and risk management solutions, has officially partnered with Plnar to use the latter’s AI-powered software for boosting the efficiency of a core policy lifecycle. On a practical note, this efficiency will come from a more accurate assessment of the affected property. But how can the stated software be useful in achieving that accuracy? Well, you see, Plnar’s solution was developed for P&C insurers, who needed a way to obtain immediate and thorough view of property interiors following a loss. Hence, with its purpose clearly identified, the software was able to leverage cutting edge artificial intelligence for representing the property through 3D models. Apart from it, the tool also equipped us big time in terms of automatically identifying materials and contents from smartphone photos, thus giving the investigators an account which is as seamlessly accurate as they could desire.

“Although our software features a lot of complex and proprietary technology, its real virtue is its simplicity,” says Andy Greff, chief executive officer at Plnar. “If your policyholders can take a picture with their phone, they can use Plnar. This is a huge advantage for claims adjusters especially, who can get a high-quality picture of interior damage through our app before physical inspection teams are able to access the property.”

Once the solution has generated all the relevant measurements and floor plans, the resulting information can then be integrated with other complementary tools like Xactimate, CoreLogic, Guidewire, Hi Marley, and more, so to contextualize key pointers and inform decision-making.

These insights, when placed alongside Betterview’s own information pool, will help the company in gaining an integrated view of the property’s real condition.

“Plnar is a great partner because they perfectly complement our own platform,” said David Lyman, co-founder and chief executive officer at Betterview. “Whereas Betterview gives a comprehensive view of exterior property condition and overall risk, Plnar provides a view of interior property condition. Together, the two products are a huge boost to efficiency, especially at time of claims.”

If a Betterview user is keen to access Plnar’s imagery, they can head to the PartnerHub, the third-party property data marketplace within the Betterview Property Intelligence & Risk Management Platform. Here, they’ll find the technology directly embedded into Betterview’s user interface, something that should allow a convenient experience on their part when accelerating claims or improving communications with their insured.