Home News CoreLogic adds GIC aerial imagery to virtual underwriting tool

CoreLogic adds GIC aerial imagery to virtual underwriting tool

CoreLogic has announced the integration of the Geospatial Insurance Consortium (GIC) aerial imagery into the CoreLogic UnderwritingCenter virtual survey tool for insurance clients. CoreLogic is the first underwriting solutions provider to fully integrate GIC aerial imagery into its solution, which now provides insurers with an additional source of up-to-date imagery to virtually assess property exposure, condition and features, as well as survey post-catastrophe damage. Additionally, CoreLogic will integrate GIC aerial imagery into other solutions in the coming months, including its SkyMeasure roof measurement service.

The GIC is an insurance industry consortium developed by the National Insurance Crime Bureau (NICB) to provide insurance carriers with high resolution imagery as well as geospatial support and data. The integration of GIC for CoreLogic clients allows transactional access through the UnderwritingCenter to the center’s database of U.S. property aerial imaging, which is updated annually and as early as 24 hours following natural disasters.

“Through the GIC integration into the CoreLogic virtual survey tool, insurers have the most reliable analytics needed to make accurate, timely decisions when remotely assessing a property’s current condition in order to more accurately underwrite a coverage policy,” said Rosanna Hancock, Senior Leader Product and Client Delivery. “With this additional source of premium imagery, insurers can save resources by utilizing ‘a laptop instead of a ladder’ survey approach to assess important property features and to identify any post-catastrophe concerns such as hail damage.”

In the event of a natural catastrophe, GIC imagery is updated after the disaster is safe to fly and within 24-to-36 hours of the aircraft touching down—a much quicker turnaround compared to other aerial imaging providers currently in the market. With nationwide coverage of the United States, GIC’s aerial imaging tools are a boost to the existing CoreLogic imagery database.