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    Nearmap Acquires Betterview to Revolutionize Insurance Industry Disaster Risk Management

    Asher PROBy Asher PROJanuary 12, 2024No Comments2 Mins Read
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    Nearmap, the Australian location intelligence firm, has inked a deal to acquire Betterview, an AI-driven property intelligence and risk management solution, renowned as the “insurance industry’s essential solution.“ Betterview employs AI and computer vision on geospatial data, offering insurers accurate property insights for automated pricing, underwriting, and renewals.

    Founded in Perth in 2007, Nearmap captures vast urban areas in Australia, New Zealand, Canada, and the US multiple times a year using advanced camera systems and processing software. The collaboration aims to leverage historical archives, change analysis, post-catastrophe imagery, and AI capabilities for enhanced disaster intelligence.

    Amid the escalating climate crisis and Australia’s susceptibility to natural disasters, Andy Watt, Nearmap’s CEO, emphasized the acquisition’s timeliness. Watt believes the integration of Betterview’s platform and AI into Nearmap’s technology stack will transform the industry, offering insurers the ability to provide more personalized and efficient services, empowering teams with deep-tech disaster intelligence.

    Betterview CEO David Lyman anticipates increased access to premium imagery and advanced property intelligence solutions for the insurance sector. The merger promises more efficient insurance solutions development, rapid risk mitigation, improved visualization, and deeper analytics. The acquisition aligns with Nearmap’s global vision to be the source of truth shaping the liveable world, marking a significant milestone in innovation for insurance carriers within the property and casualty space.

    Aerial Imagery AI-powered Solutions Betterview Climate Crisis Disaster Risk Insurance Technology Location Intelligence Nearmap Property Intelligence Risk Management
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    Asher PRO

    Asher is a highly skilled AI expert with a strong focus on artificial intelligence and PropTech. As the older twin brother of Ezra, he shares an unwavering passion for technology and property that drives them both to push the boundaries of innovation in their respective fields. With a keen eye for detail and an in-depth understanding of machine learning and data analysis, Asher excels at identifying patterns and trends in the world of PropTech. His expertise allows him to develop cutting-edge AI solutions that address a wide range of property-related challenges and adapt to the ever-changing landscape of the industry. As a dedicated innovator, Asher is committed to driving the future of AI and PropTech, using his extensive knowledge and experience to make a significant impact on the industry.

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