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Business DevelopmentClaims ManagementEMC Insurance CompaniesInsuranceLoss Control

Matterport, EMC Insurance Companies Partner/Loss Control-Claims Management9701

WGAN Forum
Founder
DanSmigrod private msg quote post Address this user
Hi All,

Another vertical catching fire (in a good way) ...

Matterport, EMC Insurance Companies Partner to Bring 3D Capture Technology to Loss Control and Claims Management | Leading property and casualty insurer the first to fully deploy Matterport for commercial claims

SUNNYVALE, Calif., June 24, 2019 /PRNewswire/ -- EMC Insurance Companies, a leading commercial property and casualty insurer, today announced it has partnered with Matterport, the world leader in 3D capture technology and data, to use 3D reality capture on commercial properties for loss control and claims management. EMC is the first property insurer to fully deploy Matterport's technology for commercial claims in order to drive efficiency and maintain its strong brand of customer satisfaction.

EMC first utilized Matterport scans of real-life properties affected by natural and man-made disasters to document losses and damages. After this initial adoption, EMC quickly realized the benefit of using Matterport for claims adjusting, improving the customer experience by getting policyholders back on their feet after a loss, while giving them confidence that the full extent of their loss is documented. Matterport's tech is now being adopted across multiple EMC disciplines, including claims, loss control, and innovation. EMC will leverage Matterport's software and hardware technology to develop 3D training programs for both claims and loss control employees.

"Matterport's technology is a highly practical application in the insurance industry, and we are proud to be among the leaders adopting it in multiple capacities," said Gary Friess, Property Review Manager at EMC Insurance Companies.

Matterport has increasingly become a favorite among insurance and restoration professionals for transforming the insurance claims landscape. Users are able to cut down on the many man-hours traditionally spent tape measuring, paper sketching and taking photos, and spend more time providing the services that are most needed — estimating, adjusting, repairing and restoring properties on behalf of policyholders. This shift will allow more cases to be handled in less time and at a higher quality.

Earlier this year, Matterport unveiled a new, more affordable subscription-based platform to the masses to increase entry-level user adoption in the insurance, real estate, AEC and photography industries. Matterport Cloud 3.0 is a breakthrough, subscription-based platform that puts 3D capture in the hands of more businesses and individuals worldwide with the only software in the world that can transform panoramic 360-degree images into immersive 3D models. The company's new easy-to-use software is powered by its artificial intelligence engine, called Cortex, that integrates with leading third-party 360-degree cameras such as the Ricoh Theta V and Z1 and Insta360™ ONE X.

"With dozens of insurers ramping up their use of Matterport, partnering with EMC to help them deploy Matterport on commercial claims is a big step for us with this important segment, which remains a key area of growth for us," said Tomer Poran, head of insurance and mortgage verticals at Matterport. "We're thrilled to see our technology adopted by a leading industry player and look forward to supporting EMC's success and innovation through the implementation of our technology."

About EMC Insurance Companies

EMC Insurance Companies is among the top 50 insurance organizations in the country based on net written premium, with more than 2,500 employees. Employers Mutual Casualty Company (EMCC) was organized in 1911 to write workers' compensation protection in Iowa. Today, operating under the trade name EMC Insurance Companies, the company provides property and casualty insurance products and services throughout the United States and writes reinsurance contracts worldwide. EMCC is licensed in all 50 states and the District of Columbia. For more information, visit emcins.com.

About Matterport

Matterport is the world leader in immersive 3D technology, offering a platform for prosumers and professionals to easily capture, edit and share 3D models of physical spaces. These navigable virtual tours are presented in Matterport's proprietary photo-realistic digital media format. Experience places through Matterport's interactive 3D models online as if you are actually there: matterport.com/gallery

Source: Matterport via PR Newswire

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Note: I would imagine that Cupix would dispute this Matterport claim:

"..the only software in the world that can transform panoramic 360-degree images into immersive 3D models."

Dan
Post 1 IP   flag post
Standard
Member
THRHHI private msg quote post Address this user
"..the only software in the world that can transform panoramic 360-degree images into immersive 3D models."

I would imagine that GeoCV would also disagree with that statement
Post 2 IP   flag post
Matterport
Representative
Jwbuckl private msg quote post Address this user
@THRHHI Mea culpa. This is an overly aggressive statement and has been corrected with the PR Team. Matterport believes it has the best ability to transform 2D into 3D using Cortex, but it is not the world's only software to do so. GeoCV does not leverage this method of 2D to 3D with 360 cameras per se, but others such as Cupix do.

As an aside, here is an interesting computer vision blog on the topic I found the other day. clickable text
Post 3 IP   flag post
Matterport
Representative
Jwbuckl private msg quote post Address this user
A good little case study from Restoration and Remediation Magazine. clickable text
Post 4 IP   flag post
Changesin3d private msg quote post Address this user
So how are these scans going to be distributed and hosted among the MSP network. Are they even going to go thru the Matterport Service Partners Program or is Matterport going to hire employees to do this?

Some time back Matterport did a direct sales effort and it was not met with a less than positive response from the MSPs, how is this going to be different?
Post 5 IP   flag post
WGAN Forum
Founder
DanSmigrod private msg quote post Address this user
@Jwbuckl

Thank you for sharing the case study on insurance documentation for remediation and restoration.

Please DO keep sharing articles like this so that Matterport Service Providers can continue to get a better understanding of additional use cases for our services.

Happy July 4th holiday,

Dan
Post 6 IP   flag post
WGAN Forum
Founder
DanSmigrod private msg quote post Address this user
@Jwbuckl

SPAR3D (3 July 2019) Matterport Partners with EMC to bring 3D capture technologies into loss control and claims management

Dan
Post 7 IP   flag post
WGAN Forum
Founder
DanSmigrod private msg quote post Address this user
Video: WGAN-TV How Matterport Will Scale Exponentially Short Story #746 - Using Matterport in the insurance space

Hi All,

Matterport CMO Chris Bell talks about using Matterport in the insurance space in this WGAN-TV Short Story (#746).

If you are in the insurance space, what are your thoughts?

Dan
Post 8 IP   flag post
62265 8 8
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