Property professionals can now rapidly generate digital 3D diagrams
of loss sites directly in Verisk’s Xactimate® solution
with Matterport TruePlan™ for Xactimate, a new integration
with Matterport, Inc. (Nasdaq: MTTR), the leading spatial data
company driving the digital transformation of the built world.
Xactimate is a powerful claims-estimating solution developed by
Verisk’s Xactware business. Verisk (Nasdaq: VRSK) is a leading
global provider of predictive analytics and decision-support
solutions.
Matterport TruePlan for Xactimate converts 3D models into
editable digital diagrams, eliminating the need for property
professionals to manually sketch loss sites. In June, TruePlan won
the 2021 Contractor’s Choice Award for Product of the Year from the
Restoration Industry Association.
With this new integration between the Matterport platform and
Xactimate, insurance, adjuster and restoration organizations can
order a TruePlan of a Matterport 3D model with a single click in
Xactimate. Within 48 hours, a complete as-built sketch of the
structure is ready to be downloaded into Xactimate.
“We’re continuously looking for ways to make it easier for our
customers, whether insurers or contractors, to increase their
productivity and deliver superior experiences to their customers.
Flexible integrations like our work with Matterport is just one way
we bring that commitment to life,” Xactware President Mike Fulton
said. “Scoping a claim quickly and precisely is crucial to
succeeding in the ever-evolving insurance landscape, and this
integration will help property professionals work faster and more
effectively.”
In addition to eliminating that time-consuming step, the
integration enables professionals to:
- Expedite estimation workflows
- Shorten cycle times
- Reduce operating costs
- Improve customer satisfaction ratings
“We’ve been collaborating with Verisk for a long time to bring
this integration to the restoration and insurance industries, and
are excited to offer it to our customers,” said Conway Chen,
Matterport’s vice president of business development and alliances.
“Matterport TruePlan for Xactimate empowers contractors and
adjustors working for insurance carriers to automate the sketching
process. By eliminating this time-consuming and manual process,
they can drastically reduce cycle times and friction within the
claims settlement process. Our Xactimate-compatible sketch files
are consistently accurate, allowing property insurance
professionals to focus on what’s most important: taking care of
policyholders when they are affected by the loss of their home or
business.”
To learn more about this new integration, visit Verisk.com
or Matterport.com.
About MatterportMatterport, Inc. (Nasdaq: MTTR)
is leading the digital transformation of the built world. Our
groundbreaking spatial data platform turns buildings into data to
make spaces more valuable and accessible. Millions of buildings in
more than 150 countries have been transformed into immersive
Matterport digital twins to improve every part of the building
lifecycle from planning, construction, and operations to
documentation, appraisal and marketing. Learn more at
matterport.com and browse a gallery of digital twins.
©2021 Matterport, Inc. All rights reserved. Matterport is a
registered trademark and the Matterport logo is a trademark of
Matterport, Inc. All other marks are the property of their
respective owners.
About VeriskVerisk (Nasdaq:VRSK) provides
predictive analytics and decision-support solutions to customers in
the insurance, energy and specialized markets, and financial
services industries. More than 70 percent of the FORTUNE 100 relies
on the company’s advanced technologies to manage risks, make better
decisions and improve operating efficiency. The company’s analytic
solutions address insurance underwriting and claims, fraud,
regulatory compliance, natural resources, catastrophes, economic
forecasting, geopolitical risks, as well as environmental, social,
and governance (ESG) matters. Celebrating its 50th anniversary, the
company continues to make the world better, safer and stronger, and
fosters an inclusive and diverse culture where all team members
feel they belong. With more than 100 offices in nearly 35
countries, Verisk consistently earns certification by Great Place
to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook, and
YouTube.
Matterport Media Contact:Naomi LittleGlobal Communications
Managerpress@matterport.com+44 203 874 6664
Matterport Investor Contact: Soohwan Kim, CFAVP, Investor
Relationsir@matterport.com
For Verisk:Michelle
Pantina551-500-7327michelle.pantina@verisk.com
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the federal securities laws, including statements
regarding the benefits of the business combination, the services
offered by Matterport, Inc. (“Matterport”) and the markets in which
Matterport operates, business strategies, debt levels, industry
environment, potential growth opportunities, the effects of
regulations and Matterport’s projected future results. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “forecast,” “opportunity,” “plan,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions (including the negative versions
of such words or expressions).
Forward-looking statements are predictions, projections and
other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including the expected benefits of Matterport’s
integration with Verisk’s Xactimate solution, Matterport’s ability
to implement business plans, forecasts, and other expectations in
the industry in which Matterport competes, and identify and realize
additional opportunities. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in documents filed by
Matterport from time to time with the U.S. Securities and Exchange
Commission. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Matterport assumes no obligation
and, except as required by law, does not intend to update or revise
these forward-looking statements, whether as a result of new
information, future events, or otherwise. Matterport does not give
any assurance that it will achieve its expectations.
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