DropIn brings drone-based video streaming to insurance biz

DropIn brings drone-based video streaming to insurance biz


DropIn, an LA-based startup wants to change the way the insurance companies process claims with two-way video claims processing and drone-based appraisals.

The company, which launched in 2015, provides on-demand live video streaming services to help insurance companies improve the claims and underwriting process. The solution relies ona drone equipped with a camera or asmartphone camera, depending on the scenario.

A person in a car accident could contact their insurance adjuster, who can interview the drivers and appraise the damage sometimes right on the spot by viewing the damagethrough the drivers smartphone.

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The drone comes into play in a couple of cases including doinga fly-over for a property appraisal or sending in a fleet of drones to a disaster area and appraising the likely damage.

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The drones are operated by a a group of on-demand drone operators who can drive to a site, operate the drone and transmit the video and picturesto the insurance company. The company currently has a network of 1,100 licensed operators.

DropIn recently earned a spot in the Plug and Play insurance app incubator, which will give it access to a number of top insurers such as Allstate, Nationwide and State Farm.

Theyve raised $1.75 million from friends and family and are in the process of raising a $3 million seed round.

Read more: https://techcrunch.com/2016/09/13/dropin-brings-drone-based-video-streaming-to-insurance-biz/

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