LIBERTY CORNER, New Jersey – JUNE 18, 2018 – Everest Insurance® announced today an agreement with Airware, a leading provider of drone analytics solutions. The engagement will add precision and efficiency to the claims management process during this year’s hurricane season and help expedite the claims adjustment process by leveraging Airware’s aerial data analytics and machine learning (ML) capabilities.
Ryan Cole, Everest Insurance® Director, Insurtech & Partnership Initiatives commented, “Beyond flying drones, this relationship will empower our adjusters and inspectors to elevate the customer experience. We are optimistic this technology may further reduce claims cycle time, improve response time in the wake of catastrophic events, and help customers proactively identify potentially hazardous conditions through aerial identification.”
Yvonne Wassenaar, CEO, Airware said, “We have worked closely with the Everest team to integrate our advanced aerial insights into their workflow, helping to create a seamless user experience internally and enabling a superior customer experience for their clients. We are thrilled about this collaboration and confident in the results we can achieve.”
Mike Mulray, Chief Underwriting Officer, Everest Insurance® added, “This agreement builds upon Everest’s experience using similar tools and is one component of Everest’s rapidly evolving focus on innovation, which includes engaging with leading insurtech companies across all areas of our business to deliver impactful tools and data.”
About Everest Re Group, Ltd.
Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest Reinsurance Company (Ireland), dac. provides reinsurance to non‐life insurers in Europe. Everest Insurance® refers to the primary insurance operations of Everest Re Group, Ltd., and its affiliated companies which offer property, casualty and specialty lines insurance on both an admitted and non‐admitted basis in the U.S. and internationally. The Company also operates within the Lloyd’s insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third party investors that provide reinsurance for property catastrophe risks. Additional information on Everest Re Group companies can be found at the Group’s web site at www.everestre.com.
Airware provides secure and scalable solutions that enable enterprises to digitize their business and turn aerial data into actionable business intelligence. World‐class enterprises look to Airware to improve productivity, operational efficiency, and worker safety. Airware is backed by leading venture capital investors including Andreessen Horowitz, Kleiner Perkins Caufield and Byers, and NextWorld Capital, with strategic investments from enterprise customers and partners including Caterpillar Ventures, GE Ventures, Google Ventures, and Intel Capital. Airware’s Americas headquarters are located in San Francisco and EMEA headquarters in Paris and Asia headquarters opening in 2018. For more information, go to Airware.com or follow Airware on Twitter: @Airware.