Brit has used proprietary machine-learning algorithms in combination with high-resolution aerial imagery to accelerate the accurate identification of property damage in the wake of Hurricane Ian. As a result, Brit has successfully issued claims payments directly to insureds within days of the storm.
Using its algorithms and aerial imagery, Brit was able to make its earliest claim payment in response to Ian on Friday. This represents a life cycle of natural catastrophe impact to payment to settlement of about one week, while many traditional adjusters are facing challenges in gaining on-the-ground access due to flooding and other emergency conditions, Brit said.