CM Regent selects Betterview to streamline underwriting efficiency
Oct 2023
CM Regent employs the Betterview Property Intelligence Platform as a central hub for data and insights to maximize underwriting efficiency
Oct 2023
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Since this post was originally published, Betterview was acquired by Nearmap. References to Betterview, the company, or its products have been maintained for historical accuracy. Betterview is now the primary solution for the insurance industry at Nearmap.
CM Regent Insurance Company, a provider of insurance coverage to educational institutions for nearly 50 years, recently announced their selection of insurtech company Betterview. CM Regent employs the Betterview Property Intelligence Platform as a central hub for data and insights to maximize underwriting efficiency.
CM Regent sought a partner to serve as a single source of truth for property risk. Previously, the company spent time and resources utilizing multiple and often incompatible sources for the same information. After reviewing several vendors, they found Betterview provided the most accurate, relevant data to inform and accelerate underwriting decisions.
“Using Betterview saves time, which saves money,” said Brett Eater, vice president – chief underwriting officer, CM Regent. “It’s a one-stop shop for all our property data and risk insights, whereas we used to work across five or six different systems. Consolidating this information allows our underwriters to rapidly prequalify potential customers and determine where additional resources are needed. It’s a significant boost to efficiency and data to profitably underwrite our property risks.”
Betterview believes the Property Intelligence Platform will continue to drive meaningful business results. “CM Regent needed a way to cut through the noise and instantly access relevant property information, and that’s what we delivered,” said Dave Tobias, co-founder and chief operating officer at Betterview. “Whether it’s AI-powered risk scores, condition detections, or data from our trusted partners, all the property intelligence they need is now housed in one place. We’re excited to save CM Regent time through automation, and ultimately help improve their expense ratio.”