Nearmap Expands Property Intelligence for Insurers with Enhanced Roof & Exterior Measurements
Event summary
- Nearmap now processes over one million roof and exterior measurements annually, with 100% coverage of insurable properties.
- Enhanced Roof & Exterior Measurements solution offers faster turnaround times and deeper integration with Verisk XactAnalysis® and Xactimate®.
- Independent validation from Haag Engineering confirms 98.4% accuracy in roof area calculations.
- Residential roof measurements can be delivered in as little as 50 minutes, with commercial measurements available in about 6 hours.
The big picture
Nearmap's enhancements come as insurers increasingly seek connected property intelligence to modernize claims operations. The company's focus on speed, accuracy, and scalability aligns with the industry's push to reduce loss adjustment expenses and improve adjuster efficiency. With catastrophe activity on the rise, Nearmap's solutions position it as a key player in the evolving property and casualty insurance landscape.
What we're watching
- Scalability Dynamics
- How Nearmap's enterprise-scale processing capabilities will impact insurers' ability to handle increasing catastrophe activity and claim severity.
- Integration Impact
- Whether deeper integration with Verisk's platforms will drive further adoption among property and casualty insurers.
- Competitive Positioning
- The pace at which Nearmap can maintain its lead in property intelligence as other tech providers enhance their offerings.
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