SAN FRANCISCO, Feb. 15, 2022 (GLOBE NEWSWIRE) — Betterview, an InsurTech supplier of actionable property intelligence to property and casualty (P&C) insurance coverage corporations, is happy to announce Utica First Insurance coverage Firm (Utica First) has chosen the corporate’s market-leading Property Intelligence Platform to enhance underwriting effectivity, improve profitability, and scale back loss adjustment bills (LAE).
Based in Utica, New York in 1903, at the moment Utica First actively writes householders, landlord package deal, restaurant and tavern program, artisan contractor, and businessowner insurance policies (BOP) enterprise in Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, and Virginia. Utica First’s acutely aware alternative to keep up a slender focus as an alternative of making an attempt to be “all the things to everybody,” has enabled sooner development and higher profitability through the years, and the corporate actively incorporates new applied sciences and companions so as to maximize working effectivity, speed-to-market, and truthful charges to policyholders.
“We chosen Betterview and the Property Intelligence Platform to assist our underwriters achieve a greater understanding of threat on each coverage by analyzing insured properties from a excessive decision aerial imagery perspective which reveals potential exposures that conventional bodily property inspections merely don’t uncover,” stated Shawn Kain, chief underwriting officer at Utica First. “Not solely will we write higher insurance policies with the info we get by Betterview, however we may even maximize our effectivity and drive down bills. The final word purpose is to foretell and stop losses. Betterview represents a significant step in attaining that purpose.”
Betterview’s Property Intelligence Platform streamlines underwriting workflows, prevents future losses, and helps P&C insurance coverage firm shoppers construct a more practical, clear buyer expertise. The platform, which incorporates the built-in PropertyInsight software, the Roof Highlight Index, and a just lately introduced Defensible House characteristic, is powered by a mixture of cutting-edge expertise, together with proprietary machine studying (ML) algorithms and a wide array of public, non-public, and business property information. All of those insights are housed in an intuitive, single-screen platform that offers underwriters a holistic view of actual property threat, empowering them to take instant, decisive motion on each coated property.
Betterview co-founder and chief operations officer David Tobias believes the corporate’s Property Intelligence Platform is an indispensable software for corporations like Utica First.
“The trendy underwriter is given entry to an awesome quantity of property information, and never all of this data is created equal,” stated Tobias. “What the Betterview platform excels at is remodeling information into motion.”
“Underwriters are given whole management over which information is inputted –together with third-party information from industry-leading suppliers, comparable to RedZone, HazardHub, and Cover Climate,” stated Neil Weiss, gross sales director for Betterview, about some great benefits of the platform. “They’re then in a position to flag properties that meet particular necessities, comparable to these at a excessive threat of wildfire injury, and create customizable workflows to allow coverage motion. A full 86 p.c of customers report taking direct motion after viewing the insights on our platform.”
About Betterview
Betterview is the market-leading Property Intelligence platform for empowering insurers to ship a next-generation expertise to underwriters, brokers, and insureds whereas growing underwriting effectivity and profitability. Combining constantly evolving AI, laptop imaginative and prescient, and customizable workflows with business, non-public, and public information, Betterview helps your online business’s distinctive wants by clear, actionable property insights. For extra data, please go to www.betterview.com.
About Utica First Insurance coverage Firm (Utica First)
Utica First Insurance coverage Firm was based by native Utica, New York businessmen in 1903 as Utica Hearth Insurance coverage Firm of Oneida County, NY to serve the property insurance coverage wants of the upstate New York residents. It has developed from that small base into an organization which actively writes enterprise within the states of Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, and Virginia. At first, the Firm wrote completely property insurance coverage on an assessable foundation. Now its product line has expanded to incorporate Owners, Landlord Package deal, Restaurant and Tavern Program, Artisan Contractor Insurance policies and Businessowner Insurance policies amongst others. For extra data, please go to, www.uticafirst.com.
Media Contact:
Jennifer Overhulse
St. Nick Media Providers
859-803-6597
jen@stnickmedia.com
