Blog

Mantra Labs – Insurance simplified with technology!

MantraLabs, an InsurTech company that is leveraging latest technologies like Artificial Intelligence, automated chatbots and Augmented Reality is on a mission to serve the digitally savvy customer base, induce automation and reduces false claims. While MantraLabs has been helping one of India’s esteemed insurance firm Religare, they are also proud technology partners to enterprises like Shell, Ola, and Zipdial(Twitter company).

MantraLabs is a product and service based company from Bangalore are backed up by a team of 100+ experienced professionals and design-enthusiasts.

We are working to disrupt the insurance sector with its innovative, secure, scalable yet user-friendly solutions and currently focussing on making customer-centric offerings, relevant data extraction, intuitive chat platforms for insurance agents and Deep Technology Services for consistent and efficient output.

Our 3 major focus areas are:

1. Customer Experience Consulting:

In the age of the Digital Insurer, we at Mantra are obsessed with architecting an Eco-System where the user is at the center of the product. This involves mapping the user ecosystem, applying persuasion engineering, and optimizing the cross-channel experience.

2. Plug & Play Products for the Digital Insurer:

Our experience of working with one of the leading Insurance company which handles more than 1.5 million customers/month has given an insight into the products and features needed in the industry. Some of our products include

 a. InsurTech Focused Chat Solution:

Hybrid AI chat solution at a fraction of the cost which continuously keeps learning based on Agent Interactions and eventually takes over the workload resulting in significant savings on licensing & agent salary costs.

 b. Paper to Digital Document Parser:

An AI driven paper to digital document parser is able to successfully transform paper-based documentation into digital with a successful extraction of relevant consumer filled information.

 3. Deep Technology Services:

This has led to upto 7X decrease in manual processes in various aspects of the eco-system and has resulted in efficient & consistent output in process driven workflows.

The skilled Agile practitioners make sure; ideas are out to the market faster than you thought possible. From consumer-facing mobile and web applications to enterprise technologies, our experts are ready to take out on any challenge.

Power of live chat: Boost your conversion by 3.5X

Many online consumers want help from a live person while they are shopping online; in fact, 44% of online consumers say that having questions answered by a live person while in the middle of an online purchase is one of the most important features a Website can offer.

Increase the online sales by 3.5 times with chat solution:

At Mantra we have seen the online chat interfaces increase the online sales of the platform by more than 3.5 times after the Chat service was introduced. We believe that live chat can add real value to your business with its wide range of benefits and functionalities.

One of India’s health insurance company approached us to improve their customer experience. Based on our learning through developing AI Chatbot solutions for enterprise customers, we have developed a Hybrid AI-Enabled Chat Solution which combines the best of traditional and AI chat solution options.

 Our Hybrid AI-Enabled Chat Solution

The core idea is to quickly deploy an Enterprise grade Chat solution for the client (over Mobile, Web or Facebook) with the ability for human agents to carry out meaningful conversations with customers. This conversational data will be input for training a Bot which will over time learn and then start assisting human agents in drafting meaningful responses.  Eventually, when the bot is trained enough, it will be able to take over from Agents with an manual over-ride function always available.

The core USPs of the solution are

a. Quicker Deployment.

b. More meaningful Data for bots to train on.

c. Significant savings in the long-term with agents being replaced.

A Chat interface should be one of your high priority items for website improvement. We can surely help you with that and you don’t need to take our word for that we have already proven results to back it up.

 

The dark side of Bitcoin/Cryptocurrency

What is Bitcoin/Cryptocurrency?

“Cryptocurrency is a digital currency that is managed by using one of the most advanced encryption techniques called cryptography to secure its transactions. Bitcoin was the first decentralized cryptocurrency which was created in 2009.”

Bitcoin is crushing the markets with its high evaluations and a lot of interest from general people. It is not the only one, there are now a plethora of cryptocurrencies being traded in the not so traditional market place. These are being traded on special platforms exclusively for the cryptocurrencies. There is overall a general excitement about the whole cryptocurrency industry if you will categorize it so.

While these are highly secure transactions there is a darker side to the whole story as well. This is without even looking at the rapid fluctuations in the pricing of these or how many new forms they are coming in.

We are listing some of the not so easily discussed or discovered factors that may not be great for general acceptance of these.

1. Inefficient for retail –

The cryptocurrency transactions as based on the blockchain technology which is a mutual agreement based system where a ledger is shared and updated at multiple places and validated. This makes the system very slow for retail transactions. Cash and Cards are so much fast.

2. Unregulated Market –

The current market for cryptocurrencies is not regulated and therefore very difficult to track. This may lead to financial chaos if all transactions are beyond the control of regulators.

3. Power Inefficiency –

Electricity is a pricey commodity till we go completely to renewal sources or energy and crypto currency mining takes loads of it. It takes almost 25% of the miner’s revenue. In Indian context to mine a bitcoin, it would take almost INR 180000 worth of electricity. So if the Indian economy were to run completely on bitcoins all the worlds electricity would not suffice to support the transactions.

4. Parallel Economy –

When you can’t track the money it becomes very popular with a certain set of people in society. Such money can be easily used for transactions that are not legal. Using it on Dark Web, Money Laundering, ransom demands are just a few of those use case. These are similar problems we had with Cash economy so even being digital this is not really solving the problem.

We are not the naysayers the blockchain as a technology is great and can be used for financial transactions as well however it was not designed for a day to day transaction based use cases. There are definitely the benefits and they should be considered for each use case separately.

IOT Trends for 2018

 

We spoke with a number of IT leaders and industry experts about what to expect from IoT in the coming year and what could be the latest trends for IOT which will dominate 2018.

Following are the Internet of things trends to watch out for in 2018.

1.The IOT industry will bring a changed awareness around security and risk:

Security concerns will be high on the list. We have reached a point in the evolution of IoT when we need to re-think the types of security we are putting in place. Have we truly addressed the unique security challenges of IoT, or have we just patched existing security models into IoT with the hope that it is sufficient?

IOT presents a different kind of risk. Businesses need to understand that sensors and machine-to-machine communications are also stored in the cloud. In particular, facilities implementing devices connected to the IoT need to think about communication and the security protocols between devices: sensor-to-sensor communication, sensor-to-gateway communication, and updating and maintaining all on-premise equipment to better secure their data.

Tom Smith is a research analyst for DZone.com and he queried these IT professionals to get their insights on predictions for 2018. Here’s what IOT experts shared their thoughts on IoT trends for 2018.

IoT security will continue to dominate as a major concern, and I would expect the rise of several IoT-driven platforms to rise to the surface in an attempt to address and manage this. Says Lucas Vogel, Founder, Endpoint Systems

My hope is that there will be some adopted regulations around IoT security and compliance, otherwise, there will undoubtedly be more frequent and massive attacks. The fully-connected home will move closer to being a reality, and there will be unique solutions that address actual needs instead of just being “internet-connected”. Says Mike Kail, CTO, CYBRIC

2. Businesses will need to embrace the implementation of edge and cloud computing: 

Edge computing, also known as fog computing, will continue to rise. The ability to run software at the edge is turning out to be one of the most promising accelerators of IoT adoption, given the cost savings and the ability to quickly achieve largescale systems.

3. Connectivity Management: 

Another exciting new area involves the management of whole IoT systems or solutions. Device management and connectivity management has been around for several years already, but now that the pieces of IoT systems are coming together to form whole enterprise-scale solutions, management of these solutions has become higher up on the “tech wish list” for organizations.

4. IOT vs IIOT:

In addition, the separation between consumer IoT and Industrial IoT is becoming clearer all the time. One key distinction that is now apparent is that consumer IoT can often focus on greenfield installations but IIoT must enable brownfield installations. The investments in systems and equipment that were made by industrial firms over the last decades will continue to be in place and will need to be incorporated into IIoT solutions.

We’re seeing a trend towards a lot more IIoT use cases. As we move into 2018, we will see a much higher adoption of industrial IoT where sensors are making a big impact in the manufacturing, automotive, aerospace and engineering sectors. Other areas where we expect greater uptake of IoT systems include shipping, retail, agriculture, and healthcare. This expansion will trigger a need to hire many more IoT professionals and will likely see the rise of many new types of IoT specific roles within companies.

Many verticals still have business operations that involve manual observation of equipment status, inventory levels, and other key metrics. Where there is currently manual observation, there may be a great opportunity for a high-ROI project involving IoT. Some verticals that have a lot of manual observations are Oil & Gas, Energy Distribution, Supply Chain, and Telecommunications. The repeating theme is high-value infrastructure that is spread out geographically.

Thanks Kilton Hopkins, IoT Program Director forNortheastern University-Silicon Valley and the CEO of IOTRACKS, for providing your inputs to this article.

 

 

Latest PHP Trends in 2018

 

PHP is one of the most simple to use the server-side scripting language. PHP frameworks are developed to complement PHP in many ways as they cater a basic structure and enforce the developers to use coding standards and development guidelines to stabilize the product and standardize the process. So this helps to reduce complexity & facilitates developers with all the comfort to focus on their specific areas without affecting the development of other modules.

I have listed down some of the main PHP frameworks which will remain the popular choice for developers in 2018 as well.

Laravel

According to our recent analysis of Google Trends, it can be clearly noticed that Laravel framework stands out & stands above all the frameworks listed and shall stay at the top in 2018. Since 2015’s Sitepoint survey showed that Laravel framework has an excellent documentation, robust features and a growing support community which made Laravel a clear winner in the list of PHP frameworks. Till now with the launch of Laravel 5.5 framework Google Trends has witnessed an increase in Laravel search results across the globe.

Laravel Framework facilitates many specific packages such the Blade Templating Engine, Artisan, eloquent ORM, Middleware, PHPUnit for Unit Testing, RESTful controllers & being the first one to introduce routing in an abstract way. All because of these extensive features many companies started providing Laravel Development Services to grow their business.

One of the most important functionalities of Laravel is the way it handles NoSQL structures like MongoDB & more. It is easy & comfortable for any developer to get started with Laravel because of its excellent documentation. If you are a developer who wishes to work with PHP then it is very useful to become a PHP Laravel developer.

CodeIgniter

This framework, which has more than 11 years, shot to fame thanks to the relatively unassuming use of resources, simplicity, convenience, a huge number of documents, designed for developers of any level, the absence of restrictions. At one time, Laravel is beginning to develop as a competitor CodeIgniter, so that until recently it was a universal benchmark.

  • CodeIgniter Reactor great support community, including libraries, modules, templates, and documentation;
  • Templates to work with databases, which are very similar to SQL syntax
  • The possibility of caching on the server side;
  • Using the package manager for quick connection of the libraries from the command line.

Symfony

Symfony has been touted for a while now as a very stable, high performance, well documented, and modular project. Symfony is backed by the French SensioLabs and has been developed by them and its community to be a fantastic framework.

  • Symfony defines MVC while many other frameworks try to simply follow MVC rules.
  • The standards of Symfony also make it easier to catch errors and to write high-quality code; its community is growing every year.
  • Symfony is The leading PHP framework to create websites and web applications
  • Laravel uses Symfony

Symfony is used by many big name companies like the BBC and open source project such as Drupal and eZpublish. Symfony was written with stability in mind in a very professional way. Its documentation is extensive, and its community is just as vast. Hence used for building both performances REST APIs, as well as fully fledged web applications.

Yii 

Yii is considered as the best framework in a lot of PHP frameworks. This framework facilitates the development of any kind of web app. It is known for being fast & flexible. Yii 2 is easy to install as it utilizes modern technologies & is backed up by the extensive set of features. Moreover, it supports high extensibility with great security & encourages testing. The launch of Yii 2.0 beta has started attracting developers with its new functionalities, features, changes, bug fixes & more. Yii 2 supports PHP 5.3 and some of the functionalities have been inherited from Yii 1.1

CakePHP

Being one of the oldest frameworks CakePHP retains its user base & is gradually but continuously growing. It also has an impressive portfolio comprising of big brands such as Express & BMW. Alike CodeIgnitor, CakePHP is an ideal framework for beginners. It also supports the rapid development of commercial web apps. It has built-in code generation with a scaffolding functionality to increase the speed of development & numerous packages to carry out general functionalities. Configuration process of CakePHP is a breeze as it reduces the need for unwanted complicated files such as XML or YAML config files. Faster builds are one of the main features along with the security features which include measures to prevent cyber-attacks.

ZEND

Zend Framework is prominently known for its go-to professional framework. It is commonly used for powerful enterprise-level applications. It is built with an extensive set of features such as security, extensibility in mind & performance. Zend isn’t ideal for rapid application development as it was developed with a focus on enterprise applications hence it has an enterprise driven nature with the support of numerous components such as feeds, forms, services and more.

Here is the link to know what were the trends in 2017, Latest PHP trends in 2017

 

Top JavaScript trends to watch in 2018

I am trying to bet on how many new Javascript frameworks will be released each month. I think, the best developer’s game in the past 5 years. I really think 2018 will be the perfect time for learning one framework for one problem and being able to mix them without (I hope) too much issue. At least before the “next big framework” 🙂

Some of the main frameworks to watch in 2018 are here:

GraphQL:

Brings a new way to query data from server to frontend. You can think of it as a new protocol, a communication standard between client and server. Not only for websites, but also for desktop and mobile apps. This concept of “fetching only what you need” is important and should be at the core of every front and back end development. Reducing the size of every network exchange is crucial, especially for users with slow networks. I believe that GraphQL could become a standard in 2018.

React:

who doesn’t know React in 2018? React is actually not easy to learn, I see my students challenged by it everyday. But when all concepts of props, state, life cycle, actions, etc. are mastered, it is a very powerful tool. It will remain a strong Javascript framework in the year to come.

Vue.js:

we witnessed an interesting fight between React and Vue.js in 2017. Both are powerful, but Vue.js is easier to learn than React. The community around it is starting to grow really fast and we hope the industry will continue to adopt it in production.

React Native and Electron:

Two frameworks for desktop and mobile apps. While they are still not at the level of native app languages (iOS, Android and desktop), their performances are really impressive.

Reason

The new way to write React applications; bye bye pure Javascript! It can be trendy, but I believe that with the support of Facebook it could be the next standard for writing React applications. We should keep an eye on it and watch how the language evolves in 2018.

Next and Now

React has a strong ecosystem. Next and Now are proof of it. Easy to use and make React projects ready for production. Deploying and distributing React applications at scale can be challenging, mainly for  small teams. Next and Now are designed to make a developer’s life easier.

Honorable Mentions for 2018:

  •   Lona (created by AirBnB – https://github.com/airbnb/Lona): Transform Sketch files from designer to UI code: iOS, Android, Web and Web mobile. It’s based on a simple app that can solve a lot of communication issues between Designers and Developers. Trust me, both of them think of themselves as rock stars, and like every rock star, they don’t like compromises. Now with Lona, designers can directly integrate and test their creation easily without bothering developers.
  • Aurelia (http://aurelia.io): Is a complete solution for creating your online presence: web, mobile and desktop. I think it can be a good start for any new project or start-up: easy to learn, easy to put in place and good support.

Inputs provided by Guillaume Salva, Full-Stack Software Engineer at Holberton School.

Here, you can find out the trends and frameworks in 2017

 

Mantra Labs Journey 2017 – Major Highlights

2018 is here! and so are we with our updates for the year. Mantra Labs has completed 8 years in product and services industry.
We started rolling out yearly updates last year and it has been great. We wish to continue this and bring to you what we have been doing in 2017 to make a promising future in 2018 a beyond.

Our focus for Fin-Tech Industry:

This year we have focused on digital transformation in Fin-tech Industry and have helped many of our leading clients like Religare and ForwardLane on the path of Digital Transformation.

Let’s take a look at our 3 major Fin-Tech areas:

  • Customer Experience Consulting
  • Plug&Play products for Digital Insurer
  • Deep Technology Services

Our New Apps and Products:

When we posted updates last year we mentioned that you should lookout for two apps SellFash and Touchkin. We did deliver on that promise and some more.

Here is a snapshot of all the Apps and works we did.

1. SellFash is now a full-fledged Reseller App with more than 8000 resellers on board. It was a challenge when GST was implemented however we persisted through to deliver our customers the best.

2. We are the co-creator of Wysa, a Mental healthcare assistant app with more than 5 million conversations.

3. Xavi: This is our first product and delivers the best TV viewing experience. We have this product in the field for beta already.

4. AI Hybrid Chatbots: We delivered multiple chatbot platforms. One with Religare is worth a mention here as it supports more than 1 million impressions each month.

5. Doc to Parser: We have worked on this product to make Digitization a success for various companies. This allows them to convert paper documents to digital ones with 95% accuracy.

This year we added Mantra.design to our initiatives that started with Mantra.ai last year.
Mantra.Design is a boutique design consulting initiative to provide high-value design solutions to our clients.
Mantra.ai continues to be our flagship Artificial Intelligence and Deep Learning practices.

We have grown

Our team size has increased to more than 100 members and this made us move to a new facility in Kalyan Nagar, Bangalore. We have also established our headquarters in Delaware to help our US-based customers have a direct access to us as well.

Announced our New LOGO:

To align with the new technology and world, we also updated our logo to represent the collaboration, connected devices, IOT, product design, development and communication between multiple nodes. The red color signifies passion and internship while the Blue color signifies Technology.

Our collaborations with IBM Watson, Nvidia development partner, Amazon AWS

This year we added some prestigious logos as our clients

        

 

While this year was great we aim to achieve even more in 2018 by focusing on Artificial Intelligence, Fin-Tech and Product incubation. Keep an eye on us!!

 

 

Mobile App Development Trends & Tools 2018

The year 2017 proved to be one of the best times to invest in Mobile app development. Enterprises have now realized that mobile apps are now a necessity. A Smartphone is a very best way to meet customer demands and increase sales. In the year 2017, the projected rise is 254 billion free downloaded apps, up from 57.33 billion in 2012, which proves mobile development is one of the most actively growing sectors in the industry. The key players are Google apps, social media, lifestyle and gaming apps. Large companies (retailers, banks, hospitality, etc.) are using mobile applications for branding, increasing customer engagement, direct marketing, etc., while small and midsize businesses are also following the mobile trend and creating their own apps.

Internet of Things (IoT) and Wearable Apps

The idea of a smart home, smart cities, industrial IoT, automotive industry, smart health, and smart retail is growing. From healthcare to education and smart homes to smart offices, IoT apps will gradually start becoming mainstream in 2017. Though it might take some more time for IoT to fully take off, it is here to stay. Apple watch apps are already booming and will continue growing. Google has also released Android Things to increase IoT adoption. As we see an increase in demand for connected things, apps will be required for smart devices other than smartphones, and developers will have to keep innovating to meet diverse needs. Analysts predict that IoT will grow from $157.05 billion in 2016 to $661.74 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 33.3%.  This directly impacts the mobile app trends as IoT devices are controlled by smartphones.

Accelerated Mobile Pages

Since Google introduced the AMP project, page loading on mobile devices is accelerated. With AMP, you now see the quick loading of web pages on your mobile. Besides this awesome function, Google has declared that it will provide an isolated search index for the mobile web. From an SEO point of view, this step transforms all mobile app development approaches.

Accelerated Mobile Pages will help web apps to load more quickly on all mobile devices, reducing bounce rate. This change will also help publishers increase visibility to their ads and create a boom in the number of visitors.

Mobile Payments

Customers engaged in online shopping through Mobile Applications have been using Internet banking or Credit/ Debit cards to make payments. But with the introduction of Apple Pay and Google Wallet, customers are gradually shifting to m-commerce. It will be a good way for companies to harvest data and provide in-depth analysis of clients. As well as being a more comfortable payment option for customers.

Augmented Reality/Virtual Reality Apps

In 2017 AR and VR will start to go beyond entertainment and gaming. We saw the growth trend driven by consumer and business demand for new technologies last year. Both AR and VR possess huge potential when it comes to transforming a diverse range of industry sectors. The market for enterprise Augmented Reality will primarily be driven by industries such as retail, healthcare, engineering and real estate. Virtual Reality technologies will be more focused on the game and events sphere.

On-Demand Apps

On-demand applications are now very popular. They make our lives easier and more convenient, and we can use them from anywhere.

Enterprise Apps and BYOD

More and more organizations embrace the “Bring Your Own Device” model, we are going to see an upsurge in demand for hybrid enterprise apps. 72% of organizations have already started investing in BYOD for employees in some way or the other. In 2017 more than half of the world’s employers will require BYOD. Hybrid apps are known to run in the app form but are essentially mobile websites. This helps reduce the cost and speed the mobile app development process.

Cloud-based Apps

Mobile App Developers are designing more cloud driven mobile apps. With increasing use of cloud technology, it has become much quicker and easier to get data without impacting on your internal phone memory. With Dropbox, Google Drive and various other cloud apps, more and more mobile apps will be cloud driven. Cloud-based mobile apps are especially attractive for enterprises as they would largely alleviate the data security issues inherent in BYOD (Bring Your Own Device).

Android Instant Apps

Native apps that function like websites can attract more people with their convenience. Android Instant Apps don’t require installation all borders are removed from app and website. You can have all the advantages of your app within your site, with only one click. Run Android apps as seamlessly as loading a web page and save space on your smartphone, no unwanted app downloading

Application Security

The security of a smartphone is more crucial than ever because of the amount of personal user data it contains.Apps with built-in security features can make a large difference in the app space. More developers will be adopting the use of this platform, providing better UX with more security features. With this new programming language, we’ll begin to see more secure apps in the market. Mobile App Developers will be working harder than ever to ensure that every app they design comes with a safety guarantee in 2018.

Machine learning, Artificial Intelligence, and Chatbots

Customised, conversational commerce and chatting with online shoppers are highly lucrative for any business. Apps are increasingly learning about their user’s preferences. Sounds intelligent, but it is way more than that. There is something about playing with their heartstrings. It is emotional quotients of applications being upgraded by sheer bot observation! All off you know such amazing AI apps: Prisma, Siri, Google Now. We are expecting much more in 2017 keeping the AI mobile application development trend intact.

Lazy loading

Another great trend that we should expect in the upcoming year is related to the lazy loading technology. The thing is that the images that load for too long prevent the user from opening the whole article. It takes time to load the page, and users leave not willing to spend too much time on the page waiting. As a result, the bounce rate grows, and the conversion rates drop. So, to prevent this, technology gurus have decided to implement the lazy loading which basically means that images only load when their turn on the page comes. Otherwise, they do not overload the page.

Mobile app development trends in 2017

Security in InsurTech – Predictions for 2018

The new year is right around the corner and we want to take a look at what will be the future of InsurTech in the coming year. This year 2017 was great for InsureTech with a lot of focus on AI, ML and related technologies trying to make the insurance industry ready for the future. 2018 is going to take this forward.

The insurance industry would be in lockstep with the new technology and as the advances happen in the AI and ML, they would be picked up. Our focus for this article is around security related use cases that will help the insurance industry.

Advances in analytic technology such as Machine learning and AI are crucial in the fight against insurance fraud. To keep pace with sophisticated rings that constantly develop new scams, here are some trends to keep an eye on in 2018.

Ellen Roberson, Director of Insurance Marketing at SAS offering following insights

* Digital Policy Shopping: In 2018, millennials and other generations will continue to use mobile and online channels as a way to shop and service their policies. It’s a boon for convenience as more insurers focus on digitization to align with consumer expectations, but this digitization comes with risks, including an explosion in fraudulent claims.

* Real-time Authentication: Increasingly, authentication won’t just focus on prospects and customers. To prevent data breaches, insurers will increasing apply real-time authentication to everyone logging into their portals throughout the extended ecosystem, including brokers and agents.

* Premium Leakage: Premium leakage is defined as missing or erroneous underwriting information. Personal lines automobile insurers will face at least $29 billion in premium leakage – missing or erroneous underwriting information that undermines their rating plans.

* Health Care Fraud: State and federal authorities have reported increases in fraud, such as identity theft, fraudulent billing and deceptive sales practices.

* Agent Gaming: Premium misappropriation is the most common type of insurance fraud. Insurance agents, especially those who manage one person groups, can have access to vast amounts of their client’s funds. If they are under extreme financial pressures, they often rationalize their actions. Insurers must be vigilant in order to protect their customers and their reputations.

It is going to be an exciting year ahead. Insurance industry is on a path to making itself more technology oriented and reap the benefits of technology even more in the coming year.

How drones are helping the Insurance Sector

The Internet of Things is an area of InsurTech that is driving innovation, primarily with telemetry and wearables for auto, health and home insurance. Carriers are eager to capitalize for lower premiums and more personalized policies for customers.

The number of internet-connected devices and sensors is projected to reach 50 billion by 2020, which will have a significant impact on the availability of real-time information that insurers can use for better pricing/underwriting.

Lately, Drones are playing the important role when it comes to the insurance sector. For example, hurricanes Harvey and Irma, drones were flying overhead and capture the images to speed up the insurance process.

Drones are the state-of-the-art equipment which saves money, saves the homeowner, and just looks so much more professional. How can a drone inspection help you when you have roof damage?

Vince Lefton, CEO and Co-Founder at bulldogadjusters curated a list of the top five ways how drones are helping the insurance industry in roof and house damage.

1. Safety: Your roof damage will be safer for your public adjuster and your insurance adjuster. One of the most dangerous parts of the job is going up onto high areas and sites like roofs.

2. Faster: A roof damage inspection that normally takes close to forty-five minutes or more now takes only about ten minutes using aerial equipment.
3. Cost Reduction and accurate settlements: Investing in a drone is often cheaper in the long run than the use of personnel to climb onto the roof. Speaking from the perspective of the businesses insurance policy, it is also much cheaper to not have employees going up onto the roof when roof damage is present. As you can imagine, insurance premiums are cut in half when a drone is used instead of an employee. The cost per inspection decreases and the time it takes to complete an inspection with more quality data on the roof damage is also lessened. In-depth, zoomed in, and birds-eye view roof photographs can be taken that leads to more accurate settlements.
4. Professionalism: Using drones is more professional than using human capital to inspect potentially dangerous roof damage. Given the benefits above, drones differentiate the public adjuster from competitors. Homeowners are impressed when a public adjuster is aware of the safety concerns and technological benefits that behoove the final outcome of the homeowner’s roof damage.
5. Steep Roofs: Where many public adjusters and insurance adjusters will not go, but drones can. Imagine extremely steep roofs. While heavy winds and torrential rain cause roof damage, inspections are difficult and dangerous to perform with the traditional methods. Drones can easily perform these types of inspections and in a third of the time that insurance adjusters and other public adjusters take.

Today, we live in an era of rapid technological revolution which is changing the way insurers prepare for. Drones are one of the many new tools with which Insurance sector can be transformed and plays an important part to save money and lives.