#USA #Salt Lake City #Nearmap #Property Intelligence #Roof Measurements

Nearmap Expands Roof & Exterior Measurements

Nearmap, a leader in property intelligence, has recently announced exceptional enhancements to its Roof & Exterior Measurements solution aimed at helping insurers modernize their claims processes. As property insurers increasingly integrate connected property intelligence into their operations, Nearmap is positioned to accelerate this shift. With over a million roof measurements processed each year and coverage that now reaches every insurable property, Nearmap is actively supporting carriers in streamlining claim settlements and improving operational efficiency.

Enhancements to Roof & Exterior Measurements

The latest developments in Nearmap’s offerings aim to bolster speed and workflow connectivity. Insurers can now expect faster processing times, improved measurement accuracy, and deeper integration capabilities, which enable them to leverage advanced property intelligence effectively. This not only reduces the stress on adjusters during times of increased claims but also enhances consistency when managing both daily claims and catastrophic event claims.

Nearmap combines proprietary aerial imagery with cutting-edge 3D measurement technology, delivering reliable property intelligence through platforms such as Verisk XactAnalysis® and Xactimate®. The system provides comprehensive measurement reports that include accurate metrics, 3D models, and historical aerial imagery, empowering adjusters to create precise estimates swiftly and with confidence.

The Need for Scalable Infrastructure

As the frequency and severity of natural disasters continue to rise, the necessity for a scalable claims infrastructure has never been more apparent. Nearmap is already equipped to meet this demand, processing over a million roof and exterior measurements annually, thereby enabling insurance carriers to expand their access to essential property data while maintaining their responsiveness during surge events.

David Tobias, Chief Product Officer at Nearmap, states, “Insurers are transitioning from using separate point solutions to adopting connected property intelligence that empowers quicker and more accurate claims decisions on an enterprise scale.” This evolution is critical in helping reduce operational friction and improving the efficiency of adjusters while hastening settlement timelines.

Verified Accuracy and Speed

Recent findings by Haag Engineering have validated the accuracy of Nearmap’s measurements, revealing that 98.4% of the roof area calculations closely align with real-life tape measurements. Such evidence assures insurers that Nearmap’s data retains consistency, defensibility, and indemnity accuracy throughout the claims process. Residential Roof Measurements can now be accessed within as little as 50 minutes, while commercial Roof Measurements take about six hours to process.

According to Ray Tant, Executive Vice President of Property Claims Solutions at Hancock Claims Consultants, Nearmap’s advancements provide clients with reliable property intelligence within existing claims frameworks. This seamless integration allows adjusters to accelerate the journey from inspection to estimate, ultimately enhancing operational efficiency.

A Comprehensive Property Intelligence Solution

Nearmap's Roof & Exterior Measurements are part of a larger property intelligence platform that combines high-resolution aerial imagery, post-catastrophe analyses, property measurements, and guaranteed pricing data. This comprehensive suite of capabilities helps insurance companies reduce loss adjustment expenses (LAE) and improve their overall claims management processes, from assessment through resolution.

The continual investment in enhancing the scalability and customer experience of Nearmap’s claims solutions is reflective of their commitment to adapt to the evolving operational landscape facing the property insurance industry. By merging and owning property intelligence throughout the entire claims lifecycle, Nearmap is paving the way for carriers to develop more resilient and future-ready claims organizations.

For further insights into Nearmap's Roof & Exterior Measurements, visit their website and discover how this solution can transform your claims process.