Nearmap Launches itel Total Price for Guaranteed Property Claims Pricing
Event summary
- Nearmap launched itel Total Price on August 25, 2026, a whole-home pricing solution for property claims.
- The solution integrates guaranteed pricing for major exterior and interior building materials within Verisk Xactimate.
- Powered by a 30-year database of materials intelligence and 15 million claims, itel Total Price offers real-time, market-specific pricing.
- Early adopters report up to 10x ROI through reduced supplements, faster cycle times, and tighter control over indemnity spend.
The big picture
Nearmap's itel Total Price addresses growing pressure on insurers to manage rising material costs and inconsistent estimates in property claims. The solution aims to streamline claims processes by reducing supplements and disputes, aligning with broader industry trends toward faster, more consistent, and defensible claims decisions. With a comprehensive database and real-time market intelligence, Nearmap is positioning itself as a key player in the property intelligence space.
What we're watching
- Adoption Pace
- How quickly insurers will integrate itel Total Price into their claims workflows and the impact on claim settlement efficiency.
- Market Differentiation
- Whether Nearmap can sustain competitive advantage with its proprietary materials database and fulfillment guarantee.
- Regulatory Scrutiny
- The extent to which guaranteed pricing models will face regulatory review amid increasing scrutiny of claims settlements.
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