Nearmap’s AI-powered models approved in 27 markets
Insurers can leverage the predictive scores to help price risk.
Among highly-satisfied claimants who scored their insurers 901 or higher on a 1,000-point scale, 84 percent said they “definitely will” recommend their carrier, and 81 percent said they “definitely will” renew. Among claimants with scores of 550 or lower, only 12 percent said they “definitely will” renew with the carrier that handled the claim, and 18 percent indicated that they had already switched carriers.
“Our retention numbers are higher for people who have had a claim versus those who have not,” says Jamie Loiacono, vice president of claims at ACUITY, which maintains a 95 percent rating of “very good” or “excellent” from claimants in random surveys the insurer conducts.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Insurers can leverage the predictive scores to help price risk.
New technology juggles storm water risk, urbanization and climate change.
White Paper
Sponsored by Vortex Weather Insurance
Parametric Hurricane Insurance: A Strategic Solution for Agents and Brokers
Hurricane-related financial risks can leave businesses vulnerable due to gaps found in traditional insurance policies. Parametric hurricane insurance provides a proactive solution for your clients to recover from hurricane-related financial losses quickly. Learn how this innovative coverage model offers transparent payouts based on measurable storm conditions--helping your clients bridge critical financial gaps when they need it most.
White Paper
Sponsored by Vortex Weather Insurance
Hourly Rain Insurance: A Strategic Solution for Agents and Brokers
Rain-related business disruptions can be costly for your clients. Parametric hourly rain insurance offers a proactive approach to mitigate financial losses from weather conditions. This data-driven solution delivers fast, automated payouts when rainfall thresholds are met, ensuring your clients are protected when they need it most.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.