EigenRisk adds Tensorflight AI Imaging-Based Technology to its Global Catastrophe Risk Management Platform
ANN ARBOR, MI, August 14, 2023 – EigenRisk today announced a new agreement with Tensorflight, a leading computer vision, property data, and insights provider, that will make Tensorflight’s artificial intelligence (AI) imaging technology available through the EigenPrism® catastrophe risk management platform.
With heightened underwriting requirements for commercial properties – particularly in disaster-prone areas – insurers, brokers and risk managers are focusing on better ways to improve submission data quality. Our relationship with Tensorflight brings a dynamic new capability to our platform and enables our users to augment their exposure data seamlessly and with unprecedented accuracy.
-Deepak Badoni, Co-Founder & President, EigenRisk.
“We’re pleased to offer our AI imaging technology through EigenRisk’s platform,” said Jacob Grob, CRO and Data Innovation Lead at Tensorflight. “Our breakthrough solution enables property insurers to conduct underwriting assessments across entire portfolios with greater speed, accuracy and efficiency while giving underwriters, insurers and brokers a cost-effective resource to validate property conditions, improve the quality of submissions and make more informed decisions.”
Tensorflight uses satellite, aerial, and ground-level imagery to automate commercial and residential property inspections and claims processing, helping underwriters with risk assessment based on accurate and up-to-date data.
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About Tensorflight
Founded in 2016, Tensorflight is transforming the global P&C market with its AI imaging-based technology. It uses satellite, aerial, and ground-level imagery to automate commercial and residential property inspections and claims processing, helping underwriters with risk assessment and to better understand their portfolio exposures.
Tensorflight’s proprietary AI and computer vision technologies eliminate inaccuracies within property infrastructure data, which in turn significantly decreases both the cost of and time spent on inspections in the insurance process. With Tensorflight, the cost of in-person property inspections can be reduced by over a quarter and its solutions can considerably enhance the efficiency of the claims function
A Polish/US company with offices in Warsaw, New York, and London, Tensorflight is used by many of the largest global commercial property insurers including Zurich Insurance Group and QBE, its investors include some of the world’s most respected VC firms. For more information, please visit: www.tensorflight.com
About EigenRisk
EigenRisk, Inc., an independent insurance technology firm, helps (re)insurers, brokers and risk managers across the globe manage catastrophe risk, and drive higher growth, customer engagement and operational efficiency. The firm’s cloud-based platform provides one-stop access to powerful data management, geo-visualization, analytics, reporting, modeling, alerts and APIs. These capabilities are integrated with hazard data, event projections and simulations curated from more than 20 leading public and private sources to provide a more dynamic and complete perspective of risk.
