Spotr helps brokers to detect underinsurance by estimating reinstatement costs of their insured properties with AI.
An estimated 83% of properties are currently underinsured by 35% due to outdated policy indexing methods and overlooking changes in building.
Changed number of floors
Protect your customers against underinsurance and ensure that they receive accurate coverage every year. Detect underinsurance and receive insights into the reinstatement cost of each property.
Spotr helps underwriters work faster and detects opportunities and risks by generating insights into reinstatement costs of insured buildings with AI.
By pro-actively approaching customers regarding possible underinsurance of their properties.
Increase revenue with personalized pricing based on insights into reinstatement costs.
Save on inspection costs by conducting them digitally based on recent imaging.
Spotr collects a complete visual profile of your properties, including roof, facade, context ánd interior images.
Images from streetlevel sources such as Cyclomedia, Google and Getmapping.
See properties and surroundings from a satellite view.
Images from aerial sources such as planes and drones.
Maps with extensive data about heat islands, foundation problems, and more.
Images that are taken on-site by tenants or inspectors.
Images gathered over the years can be organized and stored within Spotr
Spotr uses AI to inspect properties on elements, condition, typology, materialization and measurements, after which we use scoring models to turn the data into insights.
For instance, is there solar panel installation, or what is the condition of the building's façade?
What is the property's rebuild value? Or which policyholders would have an interest in this new insurance offering?
The devastating Grenfell Tower fire in London brought a major safety risk for all high-rise buildings to light. A large independent insurance brokerage asked Spotr to find all buildings taller than 18 meters in their portfolio, to be able to comply with newly instated safety regulations.Read the story