Verisk and Loveland Innovations Integration Expedites Property Claims Scoping Process
June 27 2022 - 9:00AM
Insurance adjusters and contractors can now expedite the estimate
creation process with a new integration between Verisk (Nasdaq:
VRSK)’s claims-handling solutions, Xactimate® and XactAnalysis®,
and Loveland Innovations’ IMGING® property inspection data
platform.
This new integration enables insurance claim adjusters and
contractors to combine IMGING’s property data capture and analysis
technology with Verisk’s claims-handling solutions. The result is a
full artificial intelligence and data-driven end-to-end property
adjusting software solution that provides complete 3-D models and
measurements of structures while keeping estimators safely off
roofs.
“Now more than ever, the property industry is hungry for broad,
open solutions without restrictions,” said Mike Fulton, Verisk’s
president of property estimating solutions. “This collaboration
adds another key integration to Verisk’s suite of solutions to
offer more flexibility for our customers to be able to scope, bid
or adjust properties safely, efficiently and accurately.”
Loveland Innovations’ IMGING solution is a property data and
inspection platform that serves as a centralized hub of analysis
and capture for all property data for insurance carriers, roofers
and contractors. It automates drone flight, makes consistent data
capture easy with patented technology and provides precise 3-D
models and measurements. It also organizes photos to custom
specifications in the cloud, uses automated artificial intelligence
to identify potential damage for review and simplifies data
centralization, reporting, sharing and collaboration.
“We’re excited about our collaborative work with Verisk and this
integration of our IMGING platform with Xactimate and
XactAnalysis,” said Jim Loveland, Founder and CEO of Loveland
Innovations. “My family and I have a rich and long history with
these industry-leading property claims estimating solutions, and
nothing pleases me more than to enable our IMGING customers to have
their data easily flow into both Xactimate and XactAnalysis.”
Verisk provides computer software solutions, such as the
Xactimate estimating tool and the XactAnalysis claims assignment,
management and analytical network, for professionals involved in
estimating all phases of building and repair. Thanks to a
longstanding commitment to investment in research and development,
Verisk property estimating, assignment, management, analytical and
collaborative solutions are used by many of the top property
insurance companies and repair contractors in the United States and
Canada.
To learn more, visit Verisk.com or LovelandInnovations.com.
About VeriskVerisk (Nasdaq: VRSK) provides
data-driven analytic insights and solutions for the insurance and
energy industries. Through advanced data analytics, software,
scientific research and deep industry knowledge, Verisk empowers
customers to strengthen operating efficiency, improve underwriting
and claims outcomes, combat fraud and make informed decisions about
global issues, including climate change and extreme events as well
as political and ESG topics. With offices in more than 30
countries, Verisk consistently earns certification by Great
Place to Work and fosters an inclusive culture where
all team members feel they belong. For more,
visit Verisk.com and the Verisk Newsroom.
About Loveland Innovations Loveland Innovations
is the maker of IMGING, the leading platform for property
inspections and analytics. With IMGING, inspection professionals
use smartphones and automated drones to digitize a property or
structure and analyze it with the help of deep learning and
computer vision, giving them the clarity to act quickly and
confidently.
Media Contact
Michelle Pantina
Verisk
551-500-7327
michelle.pantina@verisk.com
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