Vexcel to Provide Catastrophe Analytics on Properties After Major Weather Events and Natural Disasters
End users get quick insights to property damage with the world's largest aerial imagery program
CENTENNIAL, Colo., May 23, 2022 /PRNewswire/ -- Vexcel Data Program announced today a new product to enhance insights and learning across imagery collected after a major weather event. Introducing Elements: Damage Assessment, a faster, more reliable way to identify destruction on a property following a hurricane, tornado, or wildfire.
"This new capability helps our customers increase their knowledge on a property affected by wind and fire events, essentially changing the way they see and understand a storm's impact," shared Erik Jorgensen, CEO of Vexcel Group. "We've gone beyond what's discernible by the eye and helped uncover—through the application of machine learning—what's changed using our high-resolution post-CAT imagery. This in turn helps government agencies, insurers, and many others improve their response to impacted communities with faster, more reliable data showcasing property conditions."
Damage Assessment is part of Vexcel's Elements product line which uses machine learning (ML) to deliver rapid property insights. Providing this level of detail goes hand in hand with Vexcel's disaster imagery collection program (called Gray Sky), since its inception in 2017 with Hurricane Harvey in Texas. No one captures more disasters in the United States. And now Damage Assessment data can be automatically calculated and provided in a report shortly after magery is published, so insurers can more efficiently and effectively respond to those impacted, without ever setting foot on the ground.
Faster Property Insights for Multiple Uses
Damage Assessment will be available through Vexcel's API and web-based application, Viewer, and will deliver an overall CAT score and FEMA classification estimate as well as specific information in percentages (0-100%) such as the degree to which debris covers a building, roof condition, missing roof material, and tarp coverage.
* Vexcel is the operations partner for the Geospatial Insurance Consortium (GIC), providing aerial imagery and data specifically packaged for insurers. Learn more at gic.org.
About Vexcel Data Program
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SOURCE Vexcel Data Program