Verisk, a global data analytics and technology provider, has announced a strategic integration with proptech company Planitar to introduce a new product to accelerate insurance claims processing.
The iGUIDE Instant Sketch product combines Planitar’s property documentation system iGUIDE with Verisk’s Xactimate platform to help insurance adjusters with their workflow.
The goal is to streamline the creation of a property loss documentation package, allowing adjusters to automate the creation of floor plan sketches, according to a press release about the new offering.
It works through optical imaging, Lidar measurements, and deep learning AI. The iGUIDE technology enables the automatic creation of room or floor plan drawings that are translated into a sketch within the Xactimate software platform.
Insurance and restoration professionals can also employ features like iGUIDE Real-Time Tagging and the iGUIDE 3D virtual walk-through to augment evidence report packages delivered to carriers.
"We are excited to announce our collaboration with Verisk to introduce iGUIDE Instant Sketch to the insurance industry,” said Planitar CEO Alexander Likholyot.
“Together, we're taking a significant step towards transforming the insurance claims process. By combining our comprehensive property documentation solution with Verisk’s data analytics expertise, we’re offering insurance adjusters a seamless and high-speed workflow that reduces time spent on data collection and sketching by 90% or more.”
“Our collaboration with Planitar brings an unparalleled opportunity for insurance adjusters to leverage technology from our ecosystem partners together with the power of the Xactimate claims processing platform,” added Aaron Brunko, president, property estimating solutions at Verisk.
News of Verisk’s latest collaboration comes after it acquired UK-based insurtech Morning Data, which supplies software to brokers and MGAs.
What are your thoughts on this story? Feel free to comment below.
