Dr Michael Bewley & Tony Agresta: Nearmap: Property in three dimensions (236)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 27 March 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

With the increasing choices that insurers have of data sources to identify property characteristics, choosing the right level of detail and certainty is essential. This week Matthew travels virtually around the world to talk to Tony Agresta, EVP and General Manager of Nearmap and Dr Michael Bewley VP of AI and Computer Vision. Topics covered include: Achieving 3-D imagery and creating virtual images of property to walk around Differences between aerial imagery from aircraft compared to satellites Working with partners The future opportunities following the Thoma Bravo acquisition We’d love to know what you think about this episode - click here and add your thoughts to our LinkedIn post about it. If you like what you're hearing, please leave us a review on whichever platform you use or leave a post on Linkedin or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Describe some of the advantages using aerial imagery from aircraft has, as opposed to satellites. Define what makes a partnership compatible and the benefits of collaboration Summarise how to best use data to make it useful to insurers If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 236 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0	Tony, great to meet you.
0:09.3	Which part of the world are you in?
0:10.7	And given it so miserable here in the UK,
0:12.7	I'd love to know what the weather is out there as well.
0:14.7	I'm in the Palm Springs, Le Quinta area,
0:17.4	and it's 62 going to 75 Fahrenheit today, sunny with just a few clouds, beautiful weather.
0:25.2	Unfortunately, well, fortunately, I'm working the whole time.
0:28.7	Well, that's why I love this job because I can share in the weather around the world.
0:32.2	For our European listeners, that makes it around about 20 to 24 degrees centigrade.
0:37.0	So I'm sorry you're stuck
0:38.2	inside. I'm sure you're going to get outside for a bit. But great to have you on board.
0:41.7	And then, Michael, you're the other side of the world. We've had many things in the background on the
0:45.0	podcast, dogs, cats. We've even had a spitfire once. We've never had a bush turkey. So you warned us, you might get a bush turkey joining us. If we do, we're definitely going to keep that in. But welcome. And yeah, you're down in Sydney. It's some horrible time in the morning down there,
0:58.0	I think. Quarter past seven in the morning now. So enough to get up and awake. And you'll hear some
1:03.1	birds in the background, maybe. Australian bird life is pretty, pretty vibrant. Bush turkeys are
1:07.7	less of the sweet songbirds and more the thump, on the tin roof of the shed I'm sitting in.
1:12.9	So before we kick off, I'm just going to give a overview to near map.
1:15.7	So you were founded in Australia in 2007.
1:18.2	You were previously listed on the Australian Stock Exchange, recently acquired by Toma Bravo for around $700 million US.
1:27.0	And the company is capturing high resolution images in
1:30.1	US, Canada, Australia and New Zealand and others, I believe. And you're converting these into
1:34.8	property information that insurers are using for both pre and post underwriting. And that also
	...

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