by category and overall value. It even stores copies of receipts,
insurance policies and other important files.
This solves the real-world problem of proving the value of
items in case of an emergency weather, a fire, or burglary where
valuables are stolen or damaged.
With statistics like closing a claim within two-and-a-half days
after having opened a claim — Snapsheet has the potential to be
a valuable tool for claims adjusters. The technology also helps
reduce the time involved in waiting for photos of damaged property and receiving an initial estimate.
So how does it work? Through a preparatory solution, the insurtech startup created a faster yet accurate way to adjudicate claims.
On a practical level, its technology was recently used during Hurricane Harvey. Snapsheet processed more than 6,000 claims starting
August 17, 2017 and ending September 7, 2017, with an average cycle
time of just over one day from first notice of loss to the final appraisal.
A hailstorm can be more than inconvenient — and can cost both
insurers and policyholders a lot of money.
However, there is now a new way to evaluate hail damage. As
futuristic as it sounds, it taps the power of AI and photography to
take over 1700 photos of a vehicle after a hail storm.
The scan itself provides an accurate digital overview of the vehicle and damage sustained.
By comparing 3D images of the vehicle to its library of all
makes and models of cars — Adomea eliminates the idea of
an estimate and provides policyholders with the exact amount
needed for repairs. It does this by providing a thorough report to
insurance providers, policyholders and repair shops.
Equipped with a suite of technologies for what it calls “predictive
weather analytics,” the company takes over 150 years of histor-
ical weather data from sources like airports and The National
Weather Association — analyzes it and provides an idea of what
weather conditions will be like on any given day in the future.
There is at least one major insurance company currently implementing its technology, which allows them to tell policyholders the most optimal time to travel with the lowest threat for rain
or inclement weather.
Here is a web-based app that makes the appraisal process more
efficient. It also lets policyholders receive estimates in three
hours or less.
PDA Express enables users to upload photos of damage — nixing the need to visit a body shop. To ensure things run smoothly,
a live adjuster assists in managing the process.
Drones are becoming more than just a buzzword — and they
are buzzing through the skies helping record and assess damage
when an insurance claim has been filed.
In the case of DroneDeploy, its drone captures detailed renderings of sites, which can save insurance providers time and
more importantly, money. It can also reduce the amount of time
adjusters need to spend on-site, furthermore reducing the risk of
danger and injury.
Secondly, insurers can more accurately map and inspect natural disaster sites and car crashes. The drone can do this by capturing high-quality images, and also makes for better collaboration
between adjusters and inspectors — allowing them to complete
their analysis quickly and accurately.
Even though insurers are slowly but surely adapting to new
technologies, it is important to recognize the value in exploring
them for current and future applications.
As policyholders become more impatient with the overall claims
process, it will become paramount to integrate such technologies
in order to keep customer satisfaction and response times high.
Moshe Beauford is a freelance journalist, copywriter and
blogger. Beauford’s work has appeared in publications
such as Geek Time Israel, PasteMagazine, Times of Israel,
Property Casualty 360 and Claims. He can be reached at