Digital Twins Can Transform Asset Coverage & Claims

Ever heard of digital twins? Nah, it isn’t an NFT based on the old Arnie n Danny De Vito movie, but a handy way for insurers and brokers to store an online replica of an insured asset. It’s affordable too, here’s some news from Matterport.

Matterport, Inc. recently announced that Matterport Axis™, a motorised mount for smartphones, is now available for purchase. Matterport Axis, which holds either an iOS or Android device, and can be used with the Matterport Capture app, creates 3D digital twins of any physical space with increased speed, precision, and consistency. The tech definitely has an appeal for insurance brands specialising in asset cover, whether it’s a classic Alfa Romeo, Norton Commando motorcycle, art, watches, property, land or commercial assets like stock and machinery. Imagine how useful a digital twin of a commercial building is when a fire or flood claim arises.

This remote-controlled solution produces reliable results with ease. Starting at $79, Matterport Axis is now available for purchase  through Matterport Adorama, B&H, and Amazon, which makes it affordable for ARs, advisors, or solo brokers.

“We are excited to introduce Matterport Axis, which when combined with our Capture app, allows anyone to create a 3D digital twin with the phone in their pocket,” said Japjit Tulsi, Chief Technology Officer of Matterport. “Whether it’s creating a digital twin to help sell your home, capturing your work environment to collaborate with team members, or capturing and sharing your business to attract new customers, there are countless uses for people and businesses to use Matterport. Our Capture app along with Matterport Axis now makes that process easier and faster for anyone to digitise their spaces with greater precision.”

Businesses embrace smartphone capture with Matterport Axis 

Business customers across a variety of industries use Matterport to virtually promote, operate, document, manage, and measure their properties online. Now, with Matterport Axis, organisations can scale up their efforts to affordably create high-fidelity digital twins at multiple locations simultaneously via employees and their smartphones.

Matterport worked with multiple organisations with distributed field personnel to trial Matterport Axis together with the Capture app. One customer, Eberl, a top 4 U.S.-based insurance claims adjusting firm, used Matterport Axis to create digital twins to document insurance claims. By using Matterport Axis with the Capture app and other Matterport solutions, Eberl adjusters reduced their time spent in the field, improving its total claims cycle time by 15 percent, and increased new customer acquisition by 200 percent with the convenience of their smartphone.

“Using Matterport, Eberl adjusters can easily access rich, visual data and precise measurements that reduce the need for return trips, reinspection requests, phone calls and follow-up emails,” said Chris Cowan, Vice President, Operational Strategy at Eberl. “Digital twins have helped our adjusters work smarter, and their agility enhances the experience of our clients and subsequent policyholders. When we outline the value of digital twins to new and existing insurance carriers, they are eager to engage and adopt, which has had a tremendous impact on the growth of our business.”

To learn more about Matterport Axis or to purchase today, visit matterport.com/axis.

About alastair walker 8741 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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