The alliance and acquisition of the images is part of CoreLogic’s broader roadmap for implementing AI-driven analytics and measurement, according to a company press release.
Vexcel, which refreshes its image library annually, covers more than 90% of the US population, with urban areas refreshed up to three times a year, allowing CoreLogic to provide customers with up-to-date, high-resolution images.
“Bringing Vexcel’s imagery into CoreLogic’s solutions will be a game changer for the industry, combining unparalleled real estate intelligence capabilities with high-resolution imagery trusted by governments and industries around the world,” said Garret Gray, CoreLogic’s president of Global Insurance Solutions. “This relationship will help CoreLogic continue to provide solutions that empower real estate professionals in new, unexpected ways, allowing artificial intelligence to streamline tasks and free up people to focus on people in their most urgent time of need and beyond.”
CoreLogic has integrated Vexcel’s high-resolution aerial disaster response imagery into CoreLogic Weather Insight, a platform designed to provide detailed weather-related data to real estate organizations to make more informed decisions in response to the Southern California wildfires.
This move will allow insurance, restoration and other real estate companies to quickly analyze their portfolios against property-specific damage assessments and total reconstruction costs, CoreLogic says, helping organizations assess their overall financial risk and manage appropriate resources.
“Our commitment to providing complete, up-to-date and consistent aerial imagery in the US and worldwide enables new levels of insight and accuracy,” said Erik Jorgensen, CEO of Vexcel. “We are excited to see how this will help CoreLogic deliver even more innovative real estate information to its customers.”
