Data Analytics Company Embraces Remote Sensing, Property Solutions
Verisk Analytics recently acquired numerous aerial survey companies
Verisk Analytics, a data analytics provider, has announced a range of new capabilities in its Geomni business unit.
Verisk recently acquired a number of U.S.-based aerial survey companies and their aircraft fleets. In addition, Verisk is investing in aerial surveying platforms. 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 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 post-catastrophe 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," says 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 and urban planning. Verisk expects to invest approximately $100 million across 2017 and 2018 in the Geomni capabilities and assets for remote sensing and imagery.
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 and agricultural. The information includes the building footprint, roof shape, roof type, roof slope, swimming pool, outbuildings, and percentage of tree coverage on the property and over buildings.
New, innovative solutions available or are rolling out for professionals who work with property include the following: Geomni-assisted estimating, image inspection, drone- and ground-based inspection, Web viewer, and integrations with Verisk solutions.
Geomni, a Verisk Analytics business, provides multitier, multispectral terrestrial imagery and data acquisition, processing, analytics, and distribution. 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 and urban planning.