Brooklyn, NY; October 10, 2023 – Near Space Labs, an innovative provider of high-quality earth imagery, is excited to reveal its strategic partnership with Betterview, the industry-leading provider of property intelligence and predictive analytics. This dynamic collaboration provides Betterview’s insurance customers with freshly updated high-resolution property imagery to further enhance risk assessments, underwriting accuracy, and claims efficiency, in addition to fostering more equitable data coverage across communities.
The strategic alliance between Near Space Labs and Betterview is set to improve geographical coverage and recency for historically underserved areas across the US. The flexibility of Near Space Labs’ imagery technology allows insurers to prioritize capture locations and leverage imagery of areas otherwise inaccessible through traditional imagery providers.
In addition to consistent 90-day refreshed historical data, carriers will also have access to Near Space Labs’ Post-CAT Recovery imagery, unlocking new use cases including monitoring property repairs to reduce repeated claims losses in high-risk areas.
With readily available imagery throughout urban, suburban, and rural locations updated every 90 days, insurers can make better data-driven decisions spanning the entirety of their US based policies. In addition to expanded coverage, Near Space Labs’ high refresh rates improves the reliability and accuracy of Betterview’s computer vision and machine learning models.
“The integration of Near Space Labs’ imagery into our property intelligence platform aligns perfectly with our commitment to transforming property data into actionable, predictive insights for insurers,” said Armin Monajemi, Vice President of Strategic Partnerships at Betterview. “Together, we’re addressing the industry’s critical need for more recent, wider data coverage and revolutionizing the way insurers analyze information to better serve policyholders.”
“This partnership is a game-changer for the insurance industry, ensuring that every underwriting, renewal, and claims decision made by a Betterview customer is backed by the highest caliber data from Near Space Labs,” said Matthew Tucker, VP of Sales at Near Space Labs. “Our joint efforts will effectively remove barriers to equitable coverage by providing insurers with the tools to make more informed decisions across all of their policy locations.”
Advanced property analytics on Near Space Labs’ imagery will be available through Partner Connect, Betterview’s partner integration program. Near Space Labs and Betterview are united in their mission to ensure that every property, regardless of its location, is accessible and accurately evaluated. By harnessing the power of imagery and data analytics, this partnership will give an advantage to the insurance industry’s ability to mitigate risks, streamline claims processing, and provide more competitive and unique coverage options for their customers.
About Near Space Labs:
Near Space Labs is a cutting-edge Earth imagery and geospatial data company on a mission to provide universal access to high-quality information about our rapidly changing planet. Near Space Labs provides ultra-high-resolution imagery refreshed every 90 days, servicing 100% of the contiguous US with the largest zero-emission balloon fleet in the stratosphere. We empower analytics partners with highly updated property data to help customers proactively mitigate risk, validate and accelerate claims, and reduce losses. For more information, visit nearspacelabs.com.
About Betterview:
Betterview is the Property Intelligence & Risk Management Solution the insurance industry depends on to identify and mitigate property risk, improve underwriting and inspection efficiency, and build a more transparent customer experience. Applying Artificial Intelligence (AI) and computer vision to aerial imagery and geospatial data, Betterview generates the most accurate property information insurers trust to automate pricing, underwriting, and renewals while focusing strategic action on critical properties. Combined with flagging, continuous monitoring, and pre-filed peril risk scores, Betterview is helping transform property insurance from Repair and Replace to Predict and Prevent.
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Press Contact:
Near Space Labs
Betterview
Zachary O’Leary, Manager of Digital Advertising & Social Media Marketing
