18 drone service providers for insurers to know
August 17, 2018 5:37 AM
According to research from insurance tech analyst firm Novarica, 15% of insurers have launched some sort of drone program. In the company's recent report, Aerial Imagery in Insurance: Overview and Prominent Providers, authors Martina Conlon and Emily Lacaque evaluate 18 vendors support insurers in their efforts, separating them into three categories:
Aerial Image Capture and Analytics
Aerial Imagery Analytics
Drone Manufacturers and Inspection Services
"Not every insurer may have the budget to purchase a fleet of drones and train human resources to pilot the devices as well as analyze the IoT data they collect. But they are likely able to collaborate with third-party drone companies or compare a property survey conducted via remote pilot to other relevant data. Carriers can then select key metrics from these IoT data streams to be used in their analytics platform," the authors write. Read on to see what Conlon and Lacaque have to say about the companies.
Aerial Image Capture and Analytics
Aerial Imagery Analytics
Drone Manufacturers and Inspection Services
"Not every insurer may have the budget to purchase a fleet of drones and train human resources to pilot the devices as well as analyze the IoT data they collect. But they are likely able to collaborate with third-party drone companies or compare a property survey conducted via remote pilot to other relevant data. Carriers can then select key metrics from these IoT data streams to be used in their analytics platform," the authors write. Read on to see what Conlon and Lacaque have to say about the companies.
Golia, Nathan
Airware
Category: Aerial Image Capture and Analytics
Synopsis: Airware was founded in 2011 and is headquartered in San Francisco. It has received $109.6M in total funding. The company provides analytics-powered drones for commercial and residential insurance, property management, mining and quarrying, and construction. The platform includes 2-D and 3-D maps and models, a volumetrics toolset, and geography-specific customization options.
Synopsis: Airware was founded in 2011 and is headquartered in San Francisco. It has received $109.6M in total funding. The company provides analytics-powered drones for commercial and residential insurance, property management, mining and quarrying, and construction. The platform includes 2-D and 3-D maps and models, a volumetrics toolset, and geography-specific customization options.
Golia, Nathan
Betterview
Category: Aerial Image Capture and Analytics
Synopsis: Headquartered in San Francisco, Betterview markets a software platform and manpower for drone property inspection data/image capture and analysis via mobile app. Recently, the company announced its Property Profile, which uses aerial and satellite imagery along with other data points to address quoting, underwriting, loss control, claims, catastrophe modeling, and catastrophe response.
Synopsis: Headquartered in San Francisco, Betterview markets a software platform and manpower for drone property inspection data/image capture and analysis via mobile app. Recently, the company announced its Property Profile, which uses aerial and satellite imagery along with other data points to address quoting, underwriting, loss control, claims, catastrophe modeling, and catastrophe response.
Golia, Nathan
DroneDeploy
Category: Aerial Image Capture and Analytics
Synopsis: Founded in 2013, DroneDeploy is a cloud-based drone platform based out of San Francisco. It has received $56M in total funding. DroneDeploy software uses drone-collected aerial imagery to build 2-D and 3-D maps and models for industries including insurance, roofing, construction, surveying and mining, and agriculture.
Synopsis: Founded in 2013, DroneDeploy is a cloud-based drone platform based out of San Francisco. It has received $56M in total funding. DroneDeploy software uses drone-collected aerial imagery to build 2-D and 3-D maps and models for industries including insurance, roofing, construction, surveying and mining, and agriculture.
Golia, Nathan
Dropin
Category: Aerial Image Capture and Analytics
Synopsis: DropIn was founded in 2015 and is headquartered in Los Angeles. It offers an on-demand platform for claims services. After an inspector is assigned to the claim, they live stream the claims inspection for the customer. The inspector also communicates with the customer’s insurance carrier during this inspection.
Synopsis: DropIn was founded in 2015 and is headquartered in Los Angeles. It offers an on-demand platform for claims services. After an inspector is assigned to the claim, they live stream the claims inspection for the customer. The inspector also communicates with the customer’s insurance carrier during this inspection.
Golia, Nathan
EagleView Technologies
Category: Aerial Image Capture and Analytics
Synopsis: With headquarters in Bothell, WA, EagleView Technologies was founded in 2008. It offers solutions for aerial imagery, data and analytics, and GIS solutions for industries including insurance, roofing, energy, and government. EagleView reports a fleet of over 115 devices and a data library containing upwards of 400M images.
Synopsis: With headquarters in Bothell, WA, EagleView Technologies was founded in 2008. It offers solutions for aerial imagery, data and analytics, and GIS solutions for industries including insurance, roofing, energy, and government. EagleView reports a fleet of over 115 devices and a data library containing upwards of 400M images.
Golia, Nathan
Fluttrbox
Category: Aerial Image Capture and Analytics
Synopsis: Fluttrbox offers users on-demand property assessments for insurance purposes. The company’s software allows users to digitally request a field professional to carry out a property inspection via drone. These aerial images are stored, along with inspection data, on users’ dashboards. Fluttrbox was founded in 2013 and raised $65K over two founds of funding.
Synopsis: Fluttrbox offers users on-demand property assessments for insurance purposes. The company’s software allows users to digitally request a field professional to carry out a property inspection via drone. These aerial images are stored, along with inspection data, on users’ dashboards. Fluttrbox was founded in 2013 and raised $65K over two founds of funding.
Santana, Danni
Kespry
Category: Aerial Image Capture and Analytics
Synopsis: Headquartered in Menlo Park, CA, Kespry was founded in 2013 and has received $61.4M in funding to date. The company reports that it uses its drone-based solution to survey properties and close claims safely and efficiently. The aerial imagery collected by Kespry’s drones is automatically analyzed to deliver insights and claims decisions.
Synopsis: Headquartered in Menlo Park, CA, Kespry was founded in 2013 and has received $61.4M in funding to date. The company reports that it uses its drone-based solution to survey properties and close claims safely and efficiently. The aerial imagery collected by Kespry’s drones is automatically analyzed to deliver insights and claims decisions.
Golia, Nathan
Loveland Innovations
Category: Aerial Image Capture and Analytics
Synopsis: Loveland Innovations focuses on improving inspections, underwriting, and claims processes. Loveland Innovations offers users a mobile and desktop app to pair with its drones to enable property inspections to facilitate claims, repair estimates, or policy creation. The company also offers a Drone Assist option, which provides a pilot along with a drone.
Synopsis: Loveland Innovations focuses on improving inspections, underwriting, and claims processes. Loveland Innovations offers users a mobile and desktop app to pair with its drones to enable property inspections to facilitate claims, repair estimates, or policy creation. The company also offers a Drone Assist option, which provides a pilot along with a drone.
Golia, Nathan
PrecisionHawk
Category: Aerial Image Capture and Analytics
Synopsis: Founded in 2011, PrecisionHawk received $104M total over four rounds of funding. The company is headquartered in Raleigh, NC and offers an autonomous unmanned aerial vehicle solution for aerial imagery capture and data analysis. PrecisionHawk’s services have been used for industries including insurance, construction, agriculture, energy, and government.
Synopsis: Founded in 2011, PrecisionHawk received $104M total over four rounds of funding. The company is headquartered in Raleigh, NC and offers an autonomous unmanned aerial vehicle solution for aerial imagery capture and data analysis. PrecisionHawk’s services have been used for industries including insurance, construction, agriculture, energy, and government.
Golia, Nathan
360GlobalNet
Category: Aerial Imagery Analytics
Synopsis: 360Globalnet is a UK-based company. Founded in 2010, the company offers digital insurance solutions for claims and risk including a digital claim settlement platform equipped with analytics capabilities for structured and unstructured data. 360GlobalNet uses IoT data collected by drones, crowdsourcing, and live streaming video to fuel its recovery process.
Synopsis: 360Globalnet is a UK-based company. Founded in 2010, the company offers digital insurance solutions for claims and risk including a digital claim settlement platform equipped with analytics capabilities for structured and unstructured data. 360GlobalNet uses IoT data collected by drones, crowdsourcing, and live streaming video to fuel its recovery process.
Golia, Nathan
Agrible
Category: Aerial Imagery Analytics
Synopsis: Founded in 2012, Agrible offers data and analytics products to serve the agriculture industry. It offers a variety of agriculture-based services including field forecast, maps, field story, weather story, flight conditions, yield engine, hail events, and more. Almost half of its offerings rely on data captured and transmitted via drone.
Synopsis: Founded in 2012, Agrible offers data and analytics products to serve the agriculture industry. It offers a variety of agriculture-based services including field forecast, maps, field story, weather story, flight conditions, yield engine, hail events, and more. Almost half of its offerings rely on data captured and transmitted via drone.
Golia, Nathan
TensorFlight
Category: Aerial Imagery Analytics
Synopsis: TensorFlight is headquartered in Mountain View, CA. Its offering is tailored to commercial property insurance, with a primary focus on straight-through processing, underwriting, reinsurance, risk, and entering new markets. Drone and satellite imagery are analyzed with TensorFlight’s AI-powered solution; insights are delivered via Web dashboard, GeoJSON, Shapefile, or vector tiles.
Synopsis: TensorFlight is headquartered in Mountain View, CA. Its offering is tailored to commercial property insurance, with a primary focus on straight-through processing, underwriting, reinsurance, risk, and entering new markets. Drone and satellite imagery are analyzed with TensorFlight’s AI-powered solution; insights are delivered via Web dashboard, GeoJSON, Shapefile, or vector tiles.
Golia, Nathan
Terrene Labs
Category: Aerial Imagery Analytics
Synopsis: Headquartered in Mason, OH, Terrene Labs was founded in 2015 and received $730K in total funding. The company provides a big data platform for use determining risk, sourcing data, and assisting insurers with risk coverage decision-making. This includes data collected by UAV.
Synopsis: Headquartered in Mason, OH, Terrene Labs was founded in 2015 and received $730K in total funding. The company provides a big data platform for use determining risk, sourcing data, and assisting insurers with risk coverage decision-making. This includes data collected by UAV.
Golia, Nathan
Verisk Analytics (Geomni)
Category: Aerial Imagery Analytics
Synopsis: Verisk Analytics is headquartered in Jersey City, NJ. The solution provider assists insurers with data-based platforms in areas including catastrophe and risk, IoT and telematics, claims, compliance, fire protection, and data and statistical services. In 2016, Verisk created Geomni, a business unit that has acquired aerial survey companies and their corresponding UAVs.
Synopsis: Verisk Analytics is headquartered in Jersey City, NJ. The solution provider assists insurers with data-based platforms in areas including catastrophe and risk, IoT and telematics, claims, compliance, fire protection, and data and statistical services. In 2016, Verisk created Geomni, a business unit that has acquired aerial survey companies and their corresponding UAVs.
Airbus
Category: Drone Manufacturers and Inspection Services
Synopsis: Founded in 1970, Airbus is headquartered in the Netherlands. While the company’s focus has been on commercial aircraft for most of its history, the company is using its technology to provide unmanned aircraft systems for both commercial and military usage. Offerings include UAV survey devices, reconnaissance aircraft, and a pseudo-satellite.
Synopsis: Founded in 1970, Airbus is headquartered in the Netherlands. While the company’s focus has been on commercial aircraft for most of its history, the company is using its technology to provide unmanned aircraft systems for both commercial and military usage. Offerings include UAV survey devices, reconnaissance aircraft, and a pseudo-satellite.
Golia, Nathan
Dronebase
Category: Drone Manufacturers and Inspection Services
Synopsis: DroneBase is headquartered in Santa Monica, CA. The company specializes in providing drone services for industries including insurance, real estate, construction, and telecommunications. DroneBase reports that its primary insurance focus is roof inspections for claims or underwriting and that it provides users with digital aerial imagery within two business days.
Synopsis: DroneBase is headquartered in Santa Monica, CA. The company specializes in providing drone services for industries including insurance, real estate, construction, and telecommunications. DroneBase reports that its primary insurance focus is roof inspections for claims or underwriting and that it provides users with digital aerial imagery within two business days.
Golia, Nathan
Genpact
Category: Drone Manufacturers and Inspection Services
Synopsis: Founded in 1997, Genpact is a New York-based information technology and business process services company. Among its offerings is OnSource, an on-demand drone platform that offers services including field inspections and claims management. Genpact reports that each drone inspection is customized—from flight paths to the map or model generated after.
Synopsis: Founded in 1997, Genpact is a New York-based information technology and business process services company. Among its offerings is OnSource, an on-demand drone platform that offers services including field inspections and claims management. Genpact reports that each drone inspection is customized—from flight paths to the map or model generated after.
Golia, Nathan
WeGoLook
Category: Drone Manufacturers and Inspection Services
Synopsis: WeGoLook is headquartered in Oklahoma City, OK. The company provides a repository of data collected by its “Lookers” that can be used for on-demand tasks. Many of WeGoLook’s 40,000 professional “Lookers” are licensed drone pilots whose services insurers can call upon to facilitate claims or risk assessment.
Synopsis: WeGoLook is headquartered in Oklahoma City, OK. The company provides a repository of data collected by its “Lookers” that can be used for on-demand tasks. Many of WeGoLook’s 40,000 professional “Lookers” are licensed drone pilots whose services insurers can call upon to facilitate claims or risk assessment.