Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

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Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of risks across the state.

According to a press release, Verisk collaborates with Vexcel Data Program, the world’s largest aerial imagery program, to source imagery and elevation models. Verisk then applies what it called “computer vision” and machine learning to compile its library of imagery analytics for P&C insurers.

Ultra- and high-resolution aerial imagery is available, the release said, covering 99.6 percent of U.S. structures today.

Citizens is also licensing roof age, homeowner data and property history solutions from Verisk.

Topics
Florida
Underwriting

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