Nearmap Launches Portfolio Benchmarking to Help Insurers Assess Risk and Growth Opportunities
Nearmap has introduced Portfolio Benchmarking, an enhancement to its Portfolio Intelligence offering designed for property and casualty (P&C) insurers. This new tool enables carriers to compare their insured portfolios against the broader market using data from Nearmap's U.S. property database. By leveraging AI-derived metrics like the Roof Spotlight Index—based on roof condition factors such as staining or missing shingles—insurers can identify risk concentrations, improve pricing and reinsurance decisions, and assess agency performance more effectively. The solution provides benchmarking at multiple geographic levels including state, county, ZIP code, and neighborhood. It also includes agency-level comparisons to help carriers evaluate how well their agents are performing relative to market averages. This data-driven approach allows insurers to detect underperforming areas early and make strategic decisions on re-underwriting or expansion. According to Nearmap's Chief Product Officer David Tobias, the addition of Portfolio Benchmarking transforms Portfolio Intelligence into a more strategic tool for carriers by providing an industry-trusted reference point.
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Topics: data analytics insurance portfolio management risk assessment