Nearmap
High-resolution aerial imagery and AI-powered property intelligence for insurance underwriting and risk management.
Overview
Nearmap is a global leader in location intelligence, aerial imagery, and AI-powered property intelligence. Founded in 2007 by Stuart Nixon in Australia, the company provides carriers and property insurers with high-resolution aerial imagery, 3D data, and AI-driven risk scoring to support underwriting, pricing, and catastrophe response across North America and Australia/New Zealand.
The company was publicly traded on the Australian Securities Exchange (ASX: NEA) until August 2022, when private equity firm Thoma Bravo took it private in a USD 730 million acquisition. Nearmap has since expanded aggressively into insurance technology -- acquiring Betterview in December 2023, a property intelligence and risk management platform used by property insurers, and acquiring itel from GTCR in May 2025 to create a comprehensive property intelligence platform spanning underwriting and claims.
Today, Nearmap covers over 100 million properties and serves major P&C carriers with imagery, AI property detections, peril modeling, and portfolio risk analytics. The company holds regulatory approval for rating and pricing in 27 U.S. jurisdictions, and integrates natively with Guidewire PolicyCenter.
Products & Services
MapBrowser
Web-based aerial imagery platform providing vertical, oblique, panoramic, true ortho, 3D, near-infrared, and post-catastrophe imagery across North America and Australia/New Zealand.
Key Features
- Coverage of 100+ million properties and 87% of the population
- Historical imagery archive for trend analysis
- Post-catastrophe capture for rapid damage assessment
- High-resolution oblique and vertical views
Target Users: Property insurers, underwriters, catastrophe response teams
Betterview Property Intelligence Platform
AI-powered property intelligence platform (acquired December 2023) providing automated property detections, risk scoring, and portfolio analytics for insurance carriers.
Key Features
- 130+ property attribute detections via computer vision and ML
- AI risk scoring for hail, hurricane, wildfire, and wind perils
- Portfolio Intelligence for aggregated risk modeling and exposure management
- Native integration with Guidewire PolicyCenter
- Regulatory approval in 27 U.S. jurisdictions for rating and pricing
Target Users: P&C underwriters, actuaries, risk managers, portfolio managers
ImpactResponse
Post-catastrophe imagery and change analysis service delivering rapid aerial coverage of disaster-affected areas to support claims triage, damage assessment, and field dispatch.
Key Features
- Rapid post-event aerial capture
- Change detection overlays comparing pre/post imagery
- Prioritization tools for claims response
Target Users: Catastrophe response teams, claims adjusters
AI Insights & Peril Modeling
Regulatory-approved AI insights for property risk scoring and peril modeling, supporting rate filings and underwriting decisions.
Key Features
- Approved for rating and pricing in 27 U.S. jurisdictions
- Hail, wind, wildfire, and hurricane peril models
- Integrated with aerial imagery for continuous refresh
Target Users: Actuaries, underwriting managers, rate filing teams
itel (Acquired May 2025)
Property materials intelligence and estimation platform acquired from GTCR in May 2025, extending Nearmap into the claims and restoration space.
Target Users: Claims adjusters, contractors, restoration teams
At a Glance
- Founded
- 2007
- Headquarters
- Lehi, Utah, USA
- Employees
- 201-500
- Funding
- Acquired (Thoma Bravo, USD 730M, Aug 2022)
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- Aerial Imagery Property Intelligence Peril Modeling Risk Scoring Portfolio Analytics
- Insurance Verticals
- P&C Personal P&C Commercial Specialty/E&S
- Target Customers
- Carriers, MGAs/MGUs, Reinsurers
Customers
- Zurich North America (AI underwriting partnership, Oct 2025)
- Franklin Mutual Insurance Group
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Last updated: 2026-06-04