New York: 14 November 2023: Tensorflight, a leading computer vision, property data, and insights provider, today announces it has partnered with Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance.
The Duck Creek platform connects insurers to the latest and greatest insurtechs in the industry – and how to maximize them for competitive advantage. As a solution partner within Duck Creek’s partner ecosystem, Tensorflight will make available its satellite, aerial, and ground-level imagery to customers and other partners.
The AI-derived insights from Tensorflight’s imagery enable insurers to automate commercial property inspections and claims processing. Underwriters will benefit from greater intelligence for risk assessment and a better understanding of their portfolio exposures.
The partnership sets new standards for the property insurance industry by combining Duck Creek’s advanced portfolio of technology-enabled insurance solutions and Tensorflight’s powerful and reliable source of property data and insights, facilitating better insurance risk assessment and pricing.
Jakub Dryjas, CEO, Tensorflight, comments: “This partnership is a win for everyone. It significantly broadens Tensorflight’s market reach and provides a ready-to-roll ecosystem of value-adding solutions for customers. At the same time, it enhances Duck Creek’s value proposition of complementary yet distinct solutions and services to help insurance carriers optimize their unique market strategies and get to market more quickly.”
Tensorflight provides detailed coverage of 99% of properties in developed countries. Using proprietary AI and computer vision, it can automatically assess a range of property attributes and characteristics to enable insurers to perform more accurate and efficient analyses on properties at scale.
By eliminating inaccuracies in property infrastructure data, Tensorflight can decrease the cost of in-person property inspections by over a quarter and its solutions can considerably enhance the efficiency of the claims function.
Robert Fletcher, Sr. Partner Manager at Duck Creek Technologies added: “Tensorflight has quickly achieved a significant presence in the P&C market, and demand for its property inspection platform is strong. By joining the Duck Creek partner ecosystem, Tensorflight grows its exposure to a market seeking best-in-breed software combined with unparalleled services and complementary solutions. Duck Creek is committed to partnering with industry leaders to ensure our customers are ready and able to accept the challenges and demands of our evolving market.”
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 property inspections and underwriting processing, helping underwriters with risk assessment and to better understand their portfolio exposures.
Its proprietary AI and computer vision technologies eliminate inaccuracies within property infrastructure data, significantly decreasing 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.
A Polish/US company with offices in Warsaw, New York, and London, Tensorflight is used by many of the largest global commercial property insurers. For more information, visit: www.tensorflight.com
About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.