Centauri Insurance Adopts Betterview for Proactive Storm Risk Management

SAN FRANCISCO, July 19, 2023 (GLOBE NEWSWIRE) -- Centauri Specialty Insurance Company and Centauri National Insurance Company (“Centauri”), providers of exceptional Property and Casualty insurance products across eight states, today announced their partnership with insurtech company, Betterview. The collaboration will increase efficiency and oversight in new business underwriting and renewal workflows, while empowering a proactive approach to storm risk management.

Centauri has policyholders located primarily in southern coastal areas, from South Carolina to Texas, including Florida and Louisiana, meaning they have a special interest in identifying and managing convective storm and hurricane risk. This was a major factor that led the company to choose Betterview, according to Bob Courtemanche, chief executive officer at Centauri. “We knew that boots-on-the-ground inspections alone were insufficient to predict how storms impact our properties,” says Bob. “We needed to find a way to rapidly view real property conditions and get a more accurate assessment of our true risk. Other property intelligence providers couldn’t give us the comprehensive detail we needed – but the AI-powered detections, workflow management tools and continuous monitoring capabilities on the Betterview platform enabled us to better manage and understand our book of business in real time.”

Jason Janofsky, chief technology officer at Betterview, believes the company is uniquely situated to respond to the demands of increasingly unpredictable storm patterns. “With the recent advances in machine learning models, you can get a highly granular view of property risk. You can see not just a blanket score, but the exact property condition attributes – missing shingles, or the age of a roof, for example – that make the property more vulnerable. This is great not just for new business, but also when renewing policies that may not have been inspected in several years. With a more accurate view of risk, you can rapidly make policy decisions, and even work together with the insured to proactively mitigate risk.”

As hurricanes and other storm events worsen due to the impact of climate change, many insurance companies have partnered with insurtech companies like Betterview to improve their risk selection. Centauri is confident that in the long term, embracing innovative technologies will allow them to remain profitable in hazard-prone regions while still providing exceptional service to their insureds.

About Betterview: Betterview is the Property Intelligence & Risk Management Solution the insurance industry depends on to identify and mitigate property risk, improve underwriting and inspection efficiency, and build a more transparent customer experience. Applying Artificial Intelligence (AI) and computer vision to aerial imagery and geospatial data, Betterview generates the most accurate property information insurers trust to automate pricing, underwriting, and renewals while focusing strategic action on critical properties. Combined with flagging, continuous monitoring, and pre-filed peril risk scores, Betterview is helping transform property insurance from Repair and Replace to Predict and Prevent. For more information, please visit www.betterview.com

About Centauri: Centauri is an Applied Underwriters Company and currently operates in eight states: Florida, Louisiana, Alabama, Mississippi, Hawaii, South Carolina, Texas and Massachusetts.

About Applied Underwriters®: Applied Underwriters® is a global risk services firm that helps businesses and people manage uncertainty through its business services, insurance and reinsurance solutions. As a company, Applied Underwriters® has been distinguished by its innovative approaches to client care and by its strong financial strength. Applied Underwriters® operates widely throughout the US, UK, EU and Middle East. Its operational headquarters is located in Omaha, Nebraska.

Media Contact:
Zach O’Leary
Betterview 
zoleary@betterview.com

Source: Betterview