Nationwide partners with insurtech on commercial risk assessments

Nationwide Mutual Insurance Co. has signed a three-year contract with Betterview Marketplace Inc. to use the insurtech firm’s roof analytics platform for commercial property renewals, the companies announced Thursday.

Columbus, Ohio-based Nationwide invested in San Francisco-based Betterview in 2018.

The insurtech uses aerial images and machine learning technology to evaluate roof conditions, property characteristics and building size to develop risk scores for insured properties.

“This three-year agreement will enable us to add Betterview’s predictive analytics into our underwriting operations,” Eric Smith, senior vice president of commercial lines at Nationwide, said in the statement.