Insurance

Overview

Insurance companies are shifting to become data and insights-driven organizations. Their focus to improve transaction processing, risk management, resource efficiency, fraud reduction and employee safety are at the core of their operations.

Need

In order to perform a comprehensive insurance inspection, adjusters are required to climb the asset, take pictures and measure. This process exposes them to potential accidents and hazardous conditions. The outcome is inconsistent and high-level and doesn’t conclude a detailed inspection.

Business Value

An end to end software solution for commercial asset insurance inspection and surveying. Users easily plan and deploy autonomous drone surveys with a press of a button. vHive enables insurance companies to make informed business decisions based on comprehensive digital data captured in the field.
Revenue drivers
  • Secure revenue: More accurate underwriting of new policies based on current field information.
  • Better adjudication of insurance claims.
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Cost and time reduction
  • Shorten field inspection time
  • Decrease number of field adjusters needed on site
  • Engage a generalist rather than a specialist for inspection
  • Removes need to revisit site for additional data gathering
  • Office time reduction (inspection, modeling, measurement…)
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On–going operations
  • Fully document insured assets
  • Compare asset state over time and identify change
  • Share and collaborate within the organization and with customers
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Solution

vHive’s provides a fully autonomous solution for insurance field surveying and inspection

Any Asset Types, Any Number of Drones

No matter what your insured asset is, vHive can digitize, generate reports and measurements of it, to support better business decisions
Commercial Property Inspection
Large Area Inspection
Post Disaster Assessments
1
Plan
Define your insurance
inspection area and mission type
2
Execute
Fully autonomous drones
will execute your plan by
clicking a button, while
maintaining safety
3
Process
vhive will upload and ingest all drone data
automatically into the system and create digital
models of the asset (2D models/ 3D models/
measurements)
4
Analyze
All asset models are analyzed
according to your business
needs based on vHive’s AI and
machine learning capabilities
5
Collaborate
Data insights shared with your
peers through annotations and
reports to shorten time to insights
6
Actions
Upon information received
update/ repair/ monitor
your insurance assets

Key Use Cases

Improved transaction processing

Companies move from hands-on, time-intensive inspection to a quicker

process that maintains employee safety, reduces claim settlement time from days to hours and helps adjusters and underwriters obtain information much faster.

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Improve claims adjudication

Deliver detailed, consistent and high-resolution imagery improves

the quality of the claims adjudication process.

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Risk engineering and underwriting

High-resolution imagery can identify property features that lower

the overall risk and improve premium accuracy.

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Fraud prevention

From the moment a property claim is reported, autonomous drones can

be deployed to inspect the site, increasing information accuracy and timelines.

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Natural disaster monitoring

Insurance companies can quickly and safely monitor areas threatened

by natural disasters.

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Safety guaranteed

A shift from adjusters that are exposed to height to field personnel equipped

with drones that remain in a safe area during property inspections, minimizing their exposure to accidents and hazardous conditions but generate comprehensive coverage in a very short time period.

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