Quest Property combines artificial intelligence, satellite imagery and predictive analytics to identify factors that lead to global catastrophes — enabling the insurance ecosystem to achieve 200% ROI through better risk selection, lower claims handling costs and more innovative underwriting.
Quest Property provides the insurance community with insights into the factors leading to increased risk using machine learning to learn from past events and exposure combined with real-time data.
Underwriters gain a more detailed view of each property risk to help improve risk assessment, selection and pricing leading to lower loss ratios and tailored policies.
AI models combined with satellite imagery can identify factors that lead to increased risk of wildfire, wind and flood damage
Properties are assessed at scale using consistent metrics
Property level attributes for residential and commercial buildings
Quest Property helps to streamline claims processing to reduce costs and improve customer experience by providing you with the tools to:
Assess damage even before homeowners – providing automated “FNOL” – First Notice of Loss
Quickly access materials, contractors, and alternate housing
Complete rapid damage assessments based on satellite and aerial imagery
Manage claims at scale for natural catastrophes – hurricane, tornado, wildfire, flood – from thousands to millions of properties
Analyse massive amounts of information from sources that are difficult to process manually in minutes
Using workflow automation Quest Property allows you to triage thousands of properties within hours after a natural catastrophe
Optimise the use of your resources and adjuster time
Reduce costs with improved utilisation of resources
Integrate with your other business systems to minimise rekeying of information and reduce errors
Automated damage assessments help to speed up the claims process when adjusters can't get on site
Quest Property helps to improve fraud prevention using:
Automated post-catastrophe damage classification
Automated triage of damage post-event
Assessing imagery pre and post-event
Easy to use views of major damage hotspots
Automatic tagging of pre-existing damage
Hurricane Ida was a category 4 Atlantic hurricane that made landfall in August 2021.
Within hours of an event like this, Quest Property can ingest satellite data pre and post-catastrophe and utilize AI models to accurately predict the severity of the damage.
Imagine what you could achieve with faster insights to help initiate the claims process, optimize claims adjustments, resolve claims quickly and reduce claims costs.
Download* Based on back-testing of models on historical portfolios
Concirrus work closely with clients to plan, implement and manage the effective delivery of our products and services.
It's easy to get started, and our range of products and solutions will scale with your organisation to deliver lasting value.
Our team are friendly, knowledgeable and experienced, so book your discovery meeting today to find out more.
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