Tensorflight, a company providing near-instant property inspections powered by AI and Deep Learning, announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them.
“We are extremely excited about the opportunity to be a part of the Guidewire Insurtech Vanguards program. This opportunity will provide Property & Casualty underwriting organizations visibility into Tensorflight and the solutions we can help solve. Our cutting-edge AI technology brings property data to life through API integrations and user interfaces. We are serving point-of-quote prefill data and enriching data to allow underwriting organizations to make more informed decisions about risk on a global level,” said Mollie Risen, Vice President of Sales North America at Tensorflight
Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs, while connecting them with Guidewire’s P&C customers.
“We welcome Tensorflight as our newest Insurtech Vanguard, said Laura Drabik, Chief Evangelist, Guidewire. “As part of our Insurtech Vanguards program, we enjoy assisting insurers on identifying the latest in insurtech innovation and are happy to introduce Tensorflight to our vast network of customers and partners.”
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.
Headquartered in New York with offices in London and Warsaw, 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. www.tensorflight.com