BirdsEyeView Launches AI Data Scrubbing to Streamline Hazard Modelling

Key Takeaways

• AI Data Scrubbing cleans and geolocates SOV files automatically
• Processes up to 10,000 locations per run now
• Reduces exposure data preparation time from days to minutes
• Improves modelling accuracy and underwriting speed
• Scales to 100,000 locations in future releases

Summary

BirdsEyeView, an ESA‑backed insurtech, unveiled AI Data Scrubbing, an automated tool that cleans, standardises and geolocates Statement of Values (SOV) files. The solution transforms raw exposure data into modelling‑ready inputs within minutes, handling up to 10,000 locations per run and promising 100,000 in later versions. By eliminating manual data‑preparation steps, insurers and brokers can accelerate catastrophe‑risk modelling and improve data quality. The launch positions BirdsEyeView as a catalyst for faster, more accurate underwriting and risk selection in the natural‑catastrophe market.

Pulse Analysis

The bottleneck in catastrophe modelling has long been the painstaking task of preparing exposure data. Insurers receive Statement of Values in heterogeneous Excel formats, riddled with inconsistencies, duplicate entries, and ambiguous addresses. Traditional manual cleaning can consume days of analyst time, delaying risk assessments and increasing the likelihood of errors. AI Data Scrubbing leverages machine‑learning algorithms to recognise patterns, standardise fields, and resolve address ambiguities, delivering a clean, geocoded dataset ready for model ingestion in a fraction of the time.

From a technical perspective, the platform combines natural‑language processing for text standardisation with advanced geocoding engines that translate address‑level inputs into precise latitude‑longitude coordinates. Its bulk‑processing capability—currently 10,000 locations per batch and slated to reach 100,000—means large portfolios can be refreshed quickly, supporting multi‑peril models across flood, wind, and seismic hazards. By outputting data in formats compatible with leading catastrophe‑modelling suites, the tool integrates seamlessly into existing workflows, reducing friction at the earliest stage of the risk‑analysis pipeline.

The market impact extends beyond operational efficiency. Higher‑quality exposure data enhances model fidelity, enabling underwriters to price policies more accurately and allocate capital with greater confidence. As climate change amplifies the frequency and severity of natural disasters, insurers that can swiftly ingest and analyse massive datasets will gain a decisive advantage. BirdsEyeView’s AI‑driven approach exemplifies a broader insurtech shift toward automation and data‑centric decision‑making, signalling a future where real‑time risk insights become the norm rather than the exception.