Verdex

Insurance companies rely on manual inspections to assess risk and verify claims, but these inspections create bottlenecks that slow cycle times and raise costs. Decisions on underwriting and claims often get made with partial information because physical site visits cannot keep pace with the volume of assets that need monitoring. Risk also changes over time, so a single point-in-time inspection does not capture evolving hazards across a portfolio. Without continuous visibility, insurers are left reacting to surprises rather than catching problems early.

Verdex offers remote verification technology that gives insurers real-time visibility into site conditions for underwriting and claims decisions. It builds an objective time-series record for assets across a portfolio, allowing continuous monitoring rather than one-time inspections, so evolving hazards can be spotted early. The platform addresses multiple insurance verticals: for crop insurance it monitors field conditions, acreage planted, soil moisture, and verifies causes of loss; for property it assesses roof conditions, detects structural changes, maps proximity to fire stations and hydrants, and verifies property characteristics; for energy it tracks vegetation encroachment, assesses solar array and turbine conditions, and verifies physical damage to remote infrastructure.