Nearmap, the Australian aerial imagery company, has recently signed a multi-year agreement with an undisclosed major US insurance company to provide high-resolution aerial imagery for underwriting and claims handling purposes. This agreement marks a significant milestone for Nearmap as it continues to increase its presence in the US market.

The insurance industry has long relied on aerial imagery to assess risks, evaluate damages, and streamline claims handling processes. With Nearmap`s advanced technology and high-resolution aerial imagery, underwriters and claims handlers can quickly and accurately assess risk, detect property damage, and estimate repair costs.

Nearmap`s aerial imagery is captured by planes equipped with advanced cameras and sensors, which capture images of the ground from multiple angles. This data is then processed and stitched together to create highly detailed, high-resolution maps. These maps are updated regularly, providing insurers with up-to-date information on their policyholders` properties.

One of the major benefits of Nearmap`s aerial imagery is its ability to provide insurers with a more comprehensive view of their policyholders` properties. This includes not only the physical structures on the property but also the surrounding area, such as nearby roads, bodies of water, and vegetation. This information is crucial in assessing risks associated with natural disasters, such as floods, wildfires, and hurricanes.

In addition to its high-resolution aerial imagery, Nearmap also provides a suite of tools and analytics that allow insurers to quickly and easily analyze the data and make informed decisions. For example, Nearmap`s AI-powered analytics can detect changes in property conditions, such as new construction or damage, and alert insurers to potential risks.

Overall, Nearmap`s agreement with the major US insurance company underscores the growing demand for high-quality aerial imagery in the insurance industry. As insurers continue to seek more accurate and efficient ways to assess risk and handle claims, companies like Nearmap are well-positioned to meet their needs with advanced technology and innovative solutions.