Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of risks across the state.
According to a press release, Verisk collaborates with Vexcel Data Program, the world’s largest aerial imagery program, to source imagery and elevation models. Verisk then applies what it called “computer vision” and machine learning to compile its library of imagery analytics for P&C insurers.
Ultra- and high-resolution aerial imagery is available, the release said, covering 99.6 percent of U.S. structures today.
Citizens is also licensing roof age, homeowner data and property history solutions from Verisk.
Topics Florida Underwriting Drones
Was this article valuable?
Here are more articles you may enjoy.
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
eBay Settles Couple’s Harassment, Stalking Claims for $55.7 Million 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
