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PRESS RELEASE

Nearmap Peril Models Adopted for Rating and Pricing in 27 Jurisdictions

ByTaylor Cenicola
3 December 2024

Milliman Appleseed has worked with Nearmap, a provider of property intelligence, to help the company launch predictive AI-powered peril models and scores for insurers. Nearmap recently received approval for insurers to use the models and scores in 26 states and Washington, D.C. The product offers:

  • Proven claims prediction lift, providing deep insights into wildfire, wind, hurricane, and hail risks
  • A transparent explanation of vulnerability and claims peril scores, revealing all factors contributing to each score
  • High-resolution aerial imagery captured up to three times a year
  • A comprehensive suite of computer vision detections with periodic model updates

Read the full press release here.


About the Author(s)

Taylor Cenicola

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