In a strategic move designed to bolster post-disaster analysis, CoreLogic has teamed up with Vexcel Imaging, a leading name in aerial imagery solutions.
This partnership aims to optimize the evaluation processes utilized by insurance companies, restoration services, and property-related enterprises, especially in the wake of natural disasters.
Enhancing Aerial Imagery Access
In light of the recent wildfires in Los Angeles, CoreLogic revealed that this collaboration will open doors to a vast collection of aerial images spanning the United States, Canada, Western Europe, and Australia.
These images will include vital captures taken after severe weather events like hurricanes, wildfires, and tornadoes.
Transforming Industry Standards
By acquiring Vexcel’s comprehensive imagery, CoreLogic aligns itself with a forward-thinking vision that embraces AI to enhance analytical capabilities.
Vexcel boasts a reliable library of aerial images, covering over 90% of the U.S. population, with urban images refreshed up to three times annually.
This means CoreLogic can provide clients with current and high-resolution visuals.
Garret Gray, who serves as president of Global Insurance Solutions at CoreLogic, described the integration of Vexcel’s imagery as a groundbreaking advancement for the industry.
He emphasized that this partnership elevates CoreLogic’s property intelligence by merging it with high-quality aerial visuals, which are already trusted by government agencies and various sectors.
The goal is to streamline workflows, enabling professionals in the property sector to prioritize urgent needs during critical circumstances.
Impact on Disaster Response
CoreLogic intends to integrate Vexcel’s aerial disaster response imagery into its Weather Insight platform, a tool tailored to offer property organizations detailed insights on weather-related issues.
This addition is particularly timely given the dire situation resulting from the recent wildfires in Southern California.
Through this initiative, insurance, restoration, and property management stakeholders will gain the ability to quickly assess their portfolios alongside specific damage reports and total reconstruction costs.
This capability is aimed at helping these organizations better understand their financial risks and manage their resources more effectively.
Erik Jorgensen, CEO of Vexcel, expressed his excitement about the partnership, underlining their commitment to providing timely and precise aerial imagery on a global scale.
He pointed out that this collaboration will allow CoreLogic to deliver even more sophisticated property intelligence solutions to its clients.
In this way, the partnership between CoreLogic and Vexcel Imaging is set to significantly enhance the way property-related professionals respond to disasters, ensuring they have the tools necessary to make informed decisions in real-time.
Source: Housingwire