Munich Re has cemented an agreement with drone-inspection service provider Betterview. Under the agreement, Betterview will offer drone imagery, analysis and reporting to Munich Re’s insurance company clients. As part of the agreement, Munich Re will also refer insurance company clients that can benefit from Betterview’s services, and interested companies would be able to purchase those services. Betterview’s drone-based inspection services capture high-resolution images of residential and commercial properties. The company also offers cloud-based software to organize, store and analyze the images to support the reinsurer’s underwriting inspection, loss-control and claims-adjustment processes. “We are always looking to collaborate and drive innovation activities with our insurance company clients,” said Tim Brockett, senior vice president at Munich Re. “Not only are we impressed with Betterview’s technical capabilities, we believe that their commitment to creating value for the insurance industry really sets them apart from their competitors in the drone space, delivering high-level data, analysis and insights into buildings and properties.” “We are extremely proud that Munich Re selected Betterview as its referral partner,” co-founders David Lyman and Dave Tobias said in a statement. “With the close of our series seed funding round in September, Betterview is uniquely positioned to meet the evolving needs of Munich Re’s clients.” Since its founding in 2014, Betterview has successfully inspected more than 15,000 properties for more than 90 insurance clients.
Global reinsurance company Betterview has agreed a referral partnership with drone inspection service provider Munich Re. Munich Re will provide its high-resolution imaging services and data analysis to Betterview's insurance company clients, specifically those insuring residential and commercial property. Tim Brockett, senior vice-president at Betterview, praised Munich Re's "commitment to creating value for the insurance industry" through its high-level data and analytical capabilities. Betterview will also refer insurance company clients on to Munich Re as part of the partnership, allowing those companies to purchase services directly from the drone company.