Verisk Announces Important Remote Sensing Capabilities in Its Geomni Business
(Thomson Reuters ONE) -
Verisk Announces Important Remote Sensing Capabilities in Its Geomni Business
New resources and recent acquisitions are driving deeply integrated and wide-
ranging solutions
JERSEY CITY, N.J., August 1, 2017 - Verisk Analytics (Nasdaq:VRSK), a leading
data analytics provider, today announced a range of new capabilities in its
Geomni business unit.
The Geomni Remote Sensing Fleet
Verisk recently acquired a number of leading U.S.-based aerial survey companies
and their aircraft fleets. In addition, Verisk is investing in the most
technologically advanced and efficient aerial surveying platforms available.
Fully implemented, the Geomni fleet includes more than 125 fixed-wing aircraft
and helicopters. Geomni operates from 15 hubs strategically located throughout
the United States.
Geomni's high-tech remote sensing aircraft are capable of reaching any point in
the contiguous 48 states and Hawaii within hours. In the event of a catastrophe,
Geomni's highly skilled teams can quickly deploy to provide important
postcatastrophe aerial data.
"The new Geomni fleet, combined with our deep expertise, allows us to
efficiently source multitier, multispectral aerial imagery across the United
States at a scale and frequency not previously available," said Scott
Stephenson, chairman, president, and chief executive officer of Verisk
Analytics. "The imagery and data we collect are immediately processed using our
industry-leading computer-vision technology to provide our customers with the
up-to-date and precise information they need, delivered directly to the key
products they use."
Geomni imagery and data will drive and support uses in many markets, including
insurance, commercial property, energy, banking, architecture, engineering,
emergency response, urban planning, and much more.
Verisk expects to invest approximately $100 million across 2017 and 2018 in the
Geomni capabilities and assets for remote sensing and imagery.
Geomni Property Essentials Available in Real Time
This year, users will have real-time access to important property data in the
Geomni library for every parcel and location Geomni has sourced. Newly captured
imagery is processed by advanced algorithms and directly added to the Geomni
database. This provides insurers, reinsurers, and others immediate information
about all types of properties, including residential, commercial, agricultural,
and more. The information includes the building footprint, roof shape, roof
type, roof slope, swimming pool, outbuildings, percentage of tree coverage on
the property and over buildings, and much more.
New Geomni Solutions for Property Stakeholders
New, innovative solutions available (or rolling out) for all types of
professionals who work with property include the following:
* Geomni-assisted estimating: In a major technological leap forward, Geomni
introduces innovative artificial intelligence with the power to create
estimates-complete with the scope of damage, including material
identification, the needed line items, quantities, and more. For example, an
estimator can select exterior building features on a 3D model, and Geomni
suggests an estimate. Any edits are fast and easy.
* Geomni image inspection: The estimator starts with a pre-loss Geomni data
package and adds UAV (unmanned aerial vehicle) imagery of damage for
analysis by the Geomni system. The system uses these data sources to decide
how the loss should be repaired. For example, after a hailstorm, it can
determine the number of hail-damaged shingles and then suggest, based on
customer thresholds, which roof faces should be replaced.
* Geomni UAV (drone) and ground-based inspection: The Geomni mobile app allows
anyone with a mobile device to capture ground images around a structure and
easily upload UAV images directly into the Geomni system. Users gets highly
accurate 3D property models for damage estimating in tools such as
Xactimate(®). They can also receive meaningful, actionable information for
property risk analysis, ITV (insurance-to-value) solutions, and more. The
images enhance satellite and aerial data and add detail where the imagery
might be obscured from the air by trees and other features.
* Geomni web viewer: The web viewer can be used to connect directly to the
vast Geomni aerial imagery database and enables customers to measure items
such as the length of a fence, the distance of a house to the nearest fire
hydrants, the height of a building, or the square footage of a driveway.
* Geomni integrations with Verisk solutions: Geomni's integration with the
industry-standard Xactimate estimating system provides assisted estimating,
3D models, and much more. Geomni integrates with the 360Value(®) insurance-
to-value calculator to provide detailed property characteristics and with
ProMetrix to complement its huge commercial property database. Geomni
integrates with Verisk weather solutions to provide services such as a storm
map showing an insurer's policies in force, along with an estimate of the
damage that can be expected on each of the homes. Geomni integrates with
AIR's Touchstone(®) platform, which includes catastrophe models and
portfolio assessments of catastrophe loss in real time.
What Makes Geomni Different
Geomni president Jeffrey C. Taylor said, "What differentiates Geomni's solutions
are the deep commitment to constantly source fresh imagery on an unprecedented
scale, investing in superior technology, our technical capabilities, and the
proprietary data available within the Verisk enterprise. This gives us a
comprehensive solution set that is truly unique."
Taylor noted that the fractured nature of many current solutions often leaves
users with a static report on a limited part of the process. This information
must then be manually transferred to other systems not designed to take
advantage of the new geospatial technologies. "Only Geomni and Verisk can
provide an end-to-end solution."
Other Geomni Markets
Geomni serves customers in the insurance market, with the opportunity to yield
more than $200 million through imagery-based solutions. Geomni is also pursuing
many promising applications in the multibillion-dollar yearly U.S. geospatial
data market. This market includes verticals such as engineering, construction,
utilities, government, infrastructure, and others.
Geomni provides mapping professionals and departments important terrestrial data
that supports their need to accurately understand our ever-changing world. From
forestry to coastal change, landfill monitoring to landslide prediction, Geomni
is currently serving, and will continue to serve, customers through thousands of
new projects over the coming year-each using the latest technologies in aircraft
efficiency and sensor design.
About Geomni
Geomni, a Verisk Analytics (Nasdaq:VRSK) business, provides the world's most
efficient multitier, multispectral terrestrial imagery and data acquisition,
processing, analytics, and distribution-offering the best value through
operational excellence.
Using the latest remote sensing and machine learning technologies, Geomni
gathers, stores, processes, and delivers geographic and spatially referenced
information that supports uses in many markets, including insurance, commercial
property, energy, banking, architecture, engineering, emergency response, urban
planning, and much more.
Mapping professionals and firms can use the data to accurately understand growth
and change, determine damage, discover hazards, assess risk, perform valuations,
and much more. Geomni data, tools, and services provide users with critical
solutions that protect people, property, and financial assets. For more
information, please visit Geomni.net.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services. Using
advanced technologies to collect and analyze billions of records, Verisk
Analytics draws on unique data assets and deep domain expertise to provide
first-to-market innovations that are integrated into customer workflows. Verisk
offers predictive analytics and decision support solutions to customers in
rating, underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting, and many other
fields. Around the world, Verisk Analytics helps customers protect people,
property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 27 countries
and is a member of Standard & Poor's S&P 500(®) Index. In 2017, Forbes magazine
named Verisk Analytics to its America's Best Mid-Size Employers list and, in
2016, to its World's Most Innovative Companies list. Verisk is one of only six
companies to appear on both lists. For more information, please visit
www.verisk.com.
Contact:
Investor Relations
David Cohen
AVP, Investor Relations and Strategic Finance
Verisk Analytics, Inc.
201-469-2174
david.e.cohen(at)verisk.com
Media
Rich Tauberman
MWWPR (for Verisk Analytics)
202-600-4546
rtauberman(at)mww.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2017 - 22:10 Uhr
Sprache: Deutsch
News-ID 554930
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contact information:
Town:
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Kategorie:
Business News
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