LexisNexis Risk Solutions Acquires Property Insurtech Flyreel
Intuitive home inspection technology infused with industry-leading data analytics gives
Flyreel uses proprietary computer vision technology to guide a home or business owner through a comprehensive property scan via the policyholder's smartphone. Using the Flyreel app, consumers effortlessly capture interior and exterior property features. The insights are digitized, verified and delivered into insurance carriers' workflows, eliminating the need for an onsite visit.
"Insurers need a modern solution for the home inspection process that reduces costs, gives them the insight they need to underwrite and improve loss ratios, and offers a convenient, intelligent customer experience," said
Among the benefits, insurers can more effectively determine the appropriate premium for each property scanned, improve loss ratios by identifying critical hazards upfront, reduce premium leakage by capturing details about insurable assets and simplify the inspection process for improved property owner satisfaction.
Flyreel's technology also benefits consumers with a better customer experience by alleviating their scheduling headaches, improving a consumer's understanding of their home or business risks and creating a record of their possessions in the event of a future claim.
Flyreel is the leading provider of insurance-specific AI solutions to residential and commercial property insurers. Flyreel provides insurers Total Property Understanding™ through the delivery of comprehensive, accurate, and up-to-date interior and exterior property analytics. Powered by proprietary machine learning and computer vision technology, Flyreel's mobile "Property Assistant" guides consumers through property inspections and claim surveys without requiring an onsite visit and while automatically capturing business-critical data and analytics to expedite and improve insurance outcomes across underwriting and claims. Flyreel is based in
RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 33,000 people over 40% of whom are in
Media Contact:
Insurance, Coplogic and Connected Car
+1.678.896.1463
SOURCE
Thousands likely to face sticker shock for health insurance
HealthSmart® Launches Houston SmartCare™ Health Plan
Advisor News
- How much could failure to fund Social Security cost average Americans?
- How can more Americans achieve financial independence?
- Savers vs. spenders: How money management attitudes impact financial confidence
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
More Advisor NewsAnnuity News
- Canvas steps into the direct-to-consumer market that has yet to take off
- The next growth phase in life/annuities depends on modernization
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
More Annuity NewsHealth/Employee Benefits News
- Covered California rates to jump nearly 10% as thousands struggle to afford coverage
- A Tale of Two Behavioral Health Systems, or How the State Border Determines Who Gets Access to Mental Healthcare
- Recent Findings from Iwate Medical University Provide New Insights into Science (Nonlinear Associations Between Sleep Duration and Incident LTCI Certification in Older Adults: Findings From the Iwate-Kenpoku Cohort Study): Science
- Researchers from Capital Medical University Detail New Studies and Findings in the Area of Managed Care (Factors Contributing To the Enrollment of Ambiguous Medical Insurance Cases: a Retrospective Study At a Tertiary Hospital In Beijing): Managed Care
- Studies from Cornell University Further Understanding of Managed Care (IRA Reforms To Medicare Part D Reinsurance Were Associated With Plan Exits And Higher Premiums, 2024-25): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- USAA introduces Secure Start whole life program for children
- Best’s Market Segment Report: AM Best Maintains Stable Outlook on South Korea’s Non-Life Insurance Market
- Horace Mann Strengthens Customer Relationships and Accelerates Long-Term Growth Through Transactions with Medical Mutual of Ohio
- Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
- Allianz Life Study Finds Americans Struggle to Shift From Retirement Saving to Spending
More Life Insurance News