Verisk partners imaging proptech to speed up claims process

Data analytics company Verisk is teaming up with proptech Planitar, utilising the firm's property imaging solutions to help make insurance claims quicker

Verisk, which provides data analytics and associated technology to the insurance industry, is teaming up with proptech firm iGuide to “accelerate the insurance industry’s claims process”.

iGuide, whose technology is more conventionally used by the real estate industry to create floorplans and virtual tours of homes, will assist Verisk with its new iGuide Instant Sketch solution.

This new innovation – which combines optical imaging, lidar measurements and deep learning AI technology – helps to fully automate an important first step in the claims process and “significantly improves the accuracy and speed of creating a comprehensive property loss documentation package,” the two firms say in a statement.

The solution will be integrated with Verisk’s Xactimate platform to give insurance adjusters “unprecedented accuracy, speed and increased efficiency”.

Verisk and Planitar make data collection ‘90% faster’

Aaron Brunko, President of Property Estimating Solutions at Verisk, says: "Our collaboration with Planitar brings an unparalleled opportunity for insurance adjusters to leverage technology from our ecosystem partners together with the power of the Xactimate claims processing platform. Together, we’re working to simplify the claims Sketch process, improve the quality of loss documentation and enhance adjusters’ productivity.

“We are proud to be at the forefront of this transformation and of our commitment to an open ecosystem designed to drive efficiency and deliver solutions that make a real difference for our customers."

"We are excited to announce our collaboration with Verisk to introduce iGuide Instant Sketch to the insurance industry,” adds Alexander Likholyot, CEO of Planitar. “Together, we're taking a significant step towards transforming the insurance claims process.

“By combining our comprehensive property documentation solution with Verisk's data analytics expertise, we’re offering insurance adjusters a seamless and high-speed workflow that reduces time spent on data collection and sketching by 90% or more.”


For more insights from InsurTech Digital, you can see our latest edition of InsurTech Digital here, or you can follow us on LinkedIn and Twitter.

You may also be interested in our sister site, FinTech Magazine, which you can also follow on LinkedIn and Twitter.

Please also take a look at our upcoming virtual event, InsurTech LIVE, coming on 18-19 October 2023.


BizClik is a global provider of B2B digital media platforms that provides executive communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare, and Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

The life and career of Defaqto CEO John Milliken

We look at the life and career of John Milliken, CEO of Defaqto – a company known for issuing star ratings, but with far more going on under the hood…

US cyber insurtech Corvus agrees $435m sale to Travelers

US cyber insurtech Corvus Insurance has agreed a significant US$435m sale to P&C insurance giant Travelers, which is expected to close next year

NEXT Insurance in $265m partnership with Allianz & Allstate

NEXT Insurance, the Silicon Valley-based small business insurer, is partnering up with both Allianz and Allstate, who are investing US$265m into the firm

Climate and cyber risk among consumers' top concerns – AXA

Technology & AI

Customers demand green insurance – but are insurers ready?


InsurTech LIVE highlights: Part 3