Nearmap has announced it has signed an agreement to acquire Betterview, a property intelligence and risk management platform that operates in the insurance sector.

The Betterview platform applies AI and computer vision to help identify and mitigate property risk and improve and automate underwriting and inspection workflows.

“The Nearmap acquisition of Betterview is transformative for the industry,” said Nearmap CEO Andy Watt. “Integrating the Betterview platform and AI solutions into the Nearmap technology stack will enable better visualisation of the truth on the ground with a richer, more powerful set of AI capabilities that combine the best of both companies.

“This a significant milestone in our ongoing efforts to innovate solutions for insurance carriers and expand our presence within the property and casualty space.”

“Combining the offerings of two best-in-class providers will deliver greater impact for insurers,” added Betterview Co-Founder and CEO David Lyman.

“The acquisition of Betterview by Nearmap will increase access to premium imagery and cutting-edge, scalable property intelligence solutions for the insurance industry.”