5-Star Insurance Innovator 2025: Nearmap’s Portfolio Intelligence Redefines Risk Insight

Why It Matters

By delivering continuously refreshed, location‑specific risk data, insurers can underwrite more accurately, reduce loss exposure, and gain a competitive edge in a rapidly digitizing market.

Key Takeaways

• Nearmap captures high‑resolution aerial imagery across Australia, New Zealand.
• AI extracts property features, roof material, pools, solar panels.
• Portfolio Intelligence aggregates granular data into actionable risk scores.
• Customers drove development to roll up data for regional insights.
• In‑house imagery and AI pipeline ensures consistent, up‑to‑date insights.

Summary

Nearmap was highlighted as a 5‑Star Insurance Innovator for its Portfolio Intelligence platform, which fuses high‑resolution aerial imagery with AI‑driven analysis to deliver granular risk insight for Australian and New Zealand insurers.

The company operates its own camera fleet, capturing centimeter‑level detail and applying machine‑learning models to identify building footprints, roof composition, pools, solar panels and other exposure attributes. These data points are scored for risk and rolled up from individual properties to regional portfolios, with updates multiple times daily as new imagery arrives.

Chief Product Officer David Tobias emphasized that customer feedback prompted the shift from property‑level tools to aggregate, management‑focused dashboards, likening Nearmap’s end‑to‑end stack to Apple’s tightly integrated ecosystem. Underwriters can now see real‑time changes—new roofs, added pools—and adjust pricing or claims strategies instantly.

The solution promises insurers faster, cheaper access to high‑quality risk intelligence, enabling proactive underwriting, dynamic portfolio management and more precise allocation of resources across fire‑ and flood‑prone zones.

Original Description

By fusing AI-powered property detections with high-resolution aerial imagery, Nearmap’s Portfolio Intelligence is transforming how insurers underwrite, manage portfolios, and respond to customer needs with faster, sharper, and more reliable decisions.