New Property Visualization Technology Increases Risk Assessment Accuracy at Point of Sale
MILWAUKEE, Nov. 28, 2012 /PRNewswire/ — Marshall & Swift/Boeckh (“MSB”), the leading worldwide provider of building cost data and estimating technology to the property insurance industry and Pictometry International Corp., the leading provider of data-rich aerial imagery, analytics, integrations and reports, announced today that they are partnering to bring the industry’s leading professional-grade Risk Visualization capability to RCT Express, enhancing accuracy of risk assessment capabilities at policy creation for insurers.
With this innovative solution, MSB and Pictometry will give insurers the ability to perform a detailed visual inspection of a property within their policy quote workflow, including 360 degree viewing of the structure and its surroundings. Thanks to Pictometry’s patented process for delivering aerial imagery at an oblique angle, properties can be viewed from a more natural and intuitive perspective than is possible via satellite or other aerial capture processes. The seamless integration within the RCT Express platform provides users with the view of the property and surrounding neighborhood that enables them to collect and verify more accurate property characteristics and identify potential exposures without having to leave their workflow, allowing them to provide more efficient and effective customer experience.
“Our decision to partner with MSB, the leader in their segment, is in perfect alignment with our strategy of integrating our imagery and tools within a workflow that insurance professionals are already accustomed to using.” said Jim Smyth, Pictometry’s Chief Marketing Officer. “Bringing two innovative products together to enable a more accurate and effective policy quote and issuance process will make a significant difference in helping insurance organizations, with customer service being the number one advantage.”
About Marshall & Swift/Boeckh (MSB)
Marshall & Swift/Boeckh (MSB), a Decision Insight Information Group company, is the leading provider of building cost information, residential and commercial analytics solutions and book of business management services for the property insurance companies, financial services organizations and government entities. MSB offers the industry’s most extensive and validated underwriting and claims property data. Throughout their eight decades of experience, they have compiled a strong track record of consistently developing innovative property solutions, analyzing our clients’ operations and providing them with the assistance needed to dramatically improve their business results. This track record continues today as they serve as the hub for all of their client’s property needs and work tirelessly to help them maximize their profitability and achieve a competitive advantage.
About Decision Insight Information Group
Decision Insight Information Group, located in the U.S., Canada and Europe, delivers a comprehensive range of information, infrastructure and decision support products and services for financial and legal professionals. Operating at the heart of the property industry, Decision Insight Information Group manages complex information solutions and provides clarity on decision making for buying, selling, conveyancing, financing and insurance. Decision Insight companies include MSB and DataQuick in the U.S., Access Point Information Canada, SearchFlow, xit2 and Decision Insight Hub in the UK, Millar & Bryce in Scotland, Rochford Brady Group in the Republic of Ireland, and Wertweiser, a joint venture with HVB Bank, in Germany. Decision Insight has 1,100 employees in 16 offices. For more information, visit www.decisioninsightgroup.com. Decision Insight Information Group is a TPG Capital portfolio company.
Since inventing geo-referenced aerial oblique imaging in 2000, Pictometry International Corp. has defined the global standard for visual-centric data analytics, integration and reporting. Professionals in multiple government agencies, assessment, insurance, construction, oil & gas and other industries use Pictometry’s patented technologies daily, overlaying GIS data and integrating existing systems to enhance productivity, gain unique insights, and change lives. With over 35 million images added annually to its cloud-accessible servers, the company’s unparalleled library now contains more than 210 million images- each mapped to the individual pixel. To learn more, visit pictometry.com or follow @Pictometry.
SOURCE Marshall & Swift/Boeckh