Exclusive Property Data: Shaping the Future of Insurance

On-Demand Webinar | 30 Min

Home insurance companies are facing several challenges. Climate change is increasing the frequency and severity of natural disasters like hurricanes, wildfires, and floods. The cost of repairing and rebuilding homes after disasters has been increasing, leading to higher claim payouts.

As a result, home insurers are struggling to accurately assess risk and set fair premiums, leading to higher reinsurance costs and stricter government regulations. The weight of these challenges is putting pressure on the home insurance market, forcing premiums upward and limiting coverage

The good news? Property data can provide valuable insights to address these challenges and help home insurance companies better assess risk, manage costs, and offer more coverage options.

In this webinar, we will unveil Home Factors, our unique first-party data solution that offers insights on the interior and exterior of nearly all U.S. homes, only available from Porch. We will explore how Home Factors helps insurers:

• Assess property value to ensure premiums are commensurate with the risk
• Adjust premiums and offer mitigation strategies
• Verify property characteristics to identify homes with reduced risk
• Improve catastrophe modeling to assess the potential impact of natural disasters on a portfolio of properties.