Digital Insurance Agenda

Spotr: Detect insurance risks in real estate at scale

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on Nov 29, 2022

Real estate is the world’s largest asset class, but still largely forms a blind spot for insurers. Today, property data is often outdated, inaccurate, or very expensive to acquire. Especially in the commercial insurance space, traditional surveys are still required to assess the valuation and risks of property.

That’s where Spotr comes in. Spotr helps insurers gain full insight into the properties they are insuring. With their up-to-date image and data bank, there’s no more need to work with old drawings from decades ago. You can find all the information you need on your properties in just a few clicks. This image bank includes over 9 different sources, ranging from aerial to interior and from roof to front- and back facades. This way, you’re able to inspect every corner of your real estate.

Spotr is an AI-powered remote property data platform, helping insurers to detect insurance risks in commercial property insurance portfolios. It uses computer vision to screen complete insurance portfolios for potential risks and opportunities.

Powered by computer vision, Spotr scans all images to detect over 80 different elements on roofs, facades, environments, and interiors. This can be used to inspect properties and calculate their valuation and possible risks. Spotr gathers and analyses all of this data in a specific digital portfolio inspection for insurers. Its digital portfolio inspection allows for more accurate underwriting, detection of underinsurance, and optimized inspections.

Its product started out as a tool for inspecting buildings by using drones. Now, it uses over nine image sources, ranging from humans to satellites in order to analyze entire building portfolios in minutes. Its mission is to eliminate boring administrative work, so building professionals can use their time to solve the world’s biggest challenges.

How does it work?

Spotr Scans Real Estate Portfolios in 3 simple steps:

Step 1 Collect – Get a complete visual profile of your properties, including roof, facade, context ánd interior images

Step 2 Inspect – Get additional data you need, like measurements, condition, or specific risks associated with your properties, all 100% remote.

Step 3 Monitor – With Spotr Analytics you can prioritize all buildings from high risk to low risk on specific insights.

Why did we select Spotr for DIA Munich 2022?

Spotr is the first property intelligence startup that utilizes both facade and roof images in its analysis, allowing for a complete assessment of both valuation and risks of properties.
Spotr raised €2.5 million in 2021 and is backed by Volta Ventures, Concrete Ventures and InnovationQuarter.

About Spotr

Spotr is an AI-powered remote property data platform. Spotr is currently active in The Netherlands, Great-Britain, Sweden and Switzerland. Spotr was founded by Dirk Huibers (CEO), Tara Campagne (CPO) and Marieke Dijksma (Product Design). They combined their architectural background with technical skills to create Spotr.

‘Our mission is to eliminate the boring administrative work, so building professionals can use their time to solve the world’s biggest challenges.

Dirk Huibers, CEO Spotr
Barcelona 27 - 29 June 2023

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