Partnership to significantly expand drone network for remote claims inspections and fully enable virtual desk adjustments for P&C carriers
PrecisionHawk Inc., a leading provider of drone technology for the enterprise, today announced a partnership with EagleView, a leading provider of aerial imagery and data analytics for government, insurance and commercial sectors. Through this partnership with PrecisionHawk, EagleView will collect at-scale insurance claims imagery via drones by leveraging PrecisionHawk’s global network of drone pilots, Droners.io.
The addition of PrecisionHawk’s drone pilot network will benefit EagleView OnSite Solutions™ for remote claims inspection. EagleView OnSite virtual desk adjustment combines imagery from multiple sources, including drones, with a variety of data analytics and reports to enable adjusters to efficiently triage claims, virtually inspect properties from their desk, and ultimately close P&C (property and casualty) claims faster than ever before.
“EagleView OnSite provides insurance customers with all the tools necessary to settle claims without ever going into the field,” said Rishi Daga, CEO of EagleView. “As drones transform the way the insurance industry operates, making inspections safer, easier and more cost effective, EagleView reinforces its commitment to drone technology to digitize manual workflows.”
Virtual drone inspections for insurance claims address a challenging trend in the P&C insurance industry. Over the past 20 years, the number of experienced insurance adjusters has dropped dramatically, causing labor shortages especially after major storms hit. The demand for insurance adjusters is high, yet drone pilots add a new, untapped “labor force” to the equation.
Combining the EagleView OnSite virtual desk adjustment solution with PrecisionHawk will offer the insurance industry thousands of certified, trained drone pilots to perform high-quality insurance inspections at a competitive cost. With more than 25,000 claims processed by EagleView OnSite in the last 18 months, EagleView can help insurance carriers transform their property claim workflows and decrease cycle time by at least 40 percent to best serve their customers after a catastrophic natural disaster.
"Today, insurers are increasingly using drones for asset inspections, particularly when assessing claims. This practice is transforming the claims cycle, making it faster and safer for adjusters to observe, analyze and assess the damage associated with incidents ranging from one-off accidents to natural disasters,” said Michael Chasen, CEO of PrecisionHawk. “Our relationship with EagleView not only provides highly trained and certified drone pilots for its offerings, but also underscores the significant value drones deliver across industries and catalyzes the adoption of drone technology.”
EagleView also confirmed today its participation in PrecisionHawk’s latest round of $75 million in funding.
“To further cement our relationship, EagleView is investing in PrecisionHawk through our participation in their latest round of financing,” stated Rishi Daga, EagleView CEO. “Combining the strength of EagleView OnSite Solutions and the expertise and scale of PrecisionHawk and Droners.io, both operationally and with financial investment, will certainly help insurance carriers deliver more value to their policyholders.”
EagleView is the leading provider of high-resolution aerial imagery, property data analytics and structural measurements for government agencies, insurance carriers, roofing contractors and energy utilities. Using patented image capture techniques, 3D aerial measurement software and machine learning processes, EagleView helps customers answer questions related to millions of properties throughout the world. With a 60-petabyte library of oblique and orthogonal Pictometry® aerial imagery dating back to 2001 and the capacity to process tens of thousands of roof measurement reports per day, EagleView enables organizations to reduce field visits and adopt faster, safer and more cost-effective workflows. For more information, contact (866) 659-8439 or visit http://www.eagleview.com
PrecisionHawk is a leading provider of drone technology for the enterprise. PrecisionHawk’s client list includes Fortune 500 companies and market leaders in 150 countries, spanning a range of industries, including agriculture, energy, insurance, government and construction. To date, PrecisionHawk has raised more than $100 million from leading venture capital firms including Third Point Ventures and Millennium Technology Value Partners, with strategic investments from enterprise customers and partners including Comcast Ventures, DuPont, Intel Capital, NTT Docomo, and Yamaha Motor. The company, founded in 2010, is privately held and headquartered in Raleigh, NC. More information about PrecisionHawk can be found at www.precisionhawk.com or on Twitter @PrecisionHawk.
Comprised of a network of more than 15,000 commercially licensed drone pilots, the PrecisionHawk drone pilot network, Droners.io is the largest community of its kind. PrecisionHawk acquired the drone pilot platform in February 2018 and has since expanded the offering to service its growing base of enterprise customers in insurance, agriculture, energy, construction and government, while offering drone operators the opportunity to turn their passion for drones into a profession. Through investments and strategic business partnerships, PrecisionHawk continues to drive innovation with its best-in-class technology solutions and remains the world’s most well-capitalized commercial drone company.
Lia Reich, VP Marketing-Communications