ATI shortens the insurance claims cycle by 400% with
SUNNYVALE, Calif., Nov. 11, 2021 (GLOBE NEWSWIRE) – Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that ATI Restoration , the largest family disaster recovery company in the United States, has achieved significant cost savings and productivity gains since adopting Matterport TruePlan â¢ service for Xactimate â¢, a software platform from Verisk. Used in conjunction with a 3D Matterport scan, TruePlan has helped the company increase productivity by 500% and speed up the insurance claim estimation process by an average of 400%. Plus, saving time by not having to manually draw or make repeat site visits saves ATI the equivalent of over $ 100,000 per estimator per year in labor costs. .
âThe days of paper and pencil sketches are over,â said Robb Harrell, director of operational improvements and technology at ATI. âWe’re getting much more accurate measurements, significantly faster field inspections, faster repairs, and faster complaint resolution. Using Matterport the Digital Twins and TruePlan for Xactimate have transformed our business and the industry as a whole, but most importantly, for people trying to get back to normal lives.
Prior to adopting TruePlan, ATI’s estimators would take photographs and manually measure and draw damage on-site, returning often to verify measurements or capture an angle that might have been missed. ATI’s new workflow with Matterport eliminates all of these steps.
First, ATI scans properties with its Matterport Pro2 3D cameras to create photorealistic, immersive digital twins that can be viewed and used by estimators, contractors, and insurance companies. TruePlan generates 99% accurate sketches from the digital twin, eliminating the need to manually draw a property in Xactimate, the industry’s leading insurance claim software used to calculate building damage, estimate repair costs , generate loss of property claims and create claim offers.
Estimators can now estimate repairs remotely from their home or remote offices with TruePlan, as they can digitally measure damage from any angle inside the digital twin, use Mattertags to integrate information, and add insights. notes for collaborating with others. The need for estimators to return to the site is reduced or even eliminated in some cases; even contractors can get the specifications they need from the digital twin.
âCompanies like ATI not only see the value of Matterport and TruePlan, but go even further in helping insurance companies improve the insured experience by settling claims faster. Digital twin technology has a profound impact in the claims world and advances the insurance experience with every capture, âsaid Kimberly Burdi-Dumas, Global Director of Insurance Strategy at Matterport.
Learn more about Matterport for insurance and catering here. Learn more about how ATI uses the Matterport platform here or watch a video here.
ABOUT ATI Catering, LLC
ATI Restoration, LLC (ATI) is the largest family-owned disaster restoration contractor in the United States. She specializes in recovery efforts following earthquakes, hurricanes, fires and other large-scale disasters. ATI employs 1,200 people at its headquarters in Anaheim, California, and in 26 branch offices. https://atirestoration.com/
Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our revolutionary spatial data platform turns buildings into data to make spaces more valuable and accessible. Millions of buildings in more than 170 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle, from planning, construction and operations to documentation, evaluation and marketing. Learn more about Matterport.com and browse a digital twins gallery.
Â© 2021 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners.
Senior Director, Communications
Soohwan Kim, CFA
Vice-President, Investor Relations
This document contains certain forward-looking statements within the meaning of federal securities laws, including statements regarding the benefits of the business combination, the services offered by Matterport, Inc. (âMatterportâ) And the markets in which Matterport operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Matterport’s projected future results. These forward-looking statements are generally identified by the words âbelieveâ, âplanâ, âexpectâ, âanticipateâ, âestimateâ, âintendâ, âstrategyâ, âfutureâ, âanticipateâ. “,” Opportunity, “” plan “,” may “,” should “,” will “,” would “,” will “,” continue “,” will probably result “and similar expressions (including negative versions of these words or expressions).
Forward-looking statements are predictions, projections and other statements regarding future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. There are many factors that could cause actual future events to differ materially from the forward-looking statements contained herein, including the expected benefits from ATI Restoration’s use of Matterport, the ability of Matterport to implement business plans, forecasts and other expectations in the industry in which Matterport competes. , and identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Matterport from time to time with the United States Securities and Exchange Commission. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Matterport assumes no obligation and, except as required by law, does not intend to update or revise such forward-looking statements, that whether as a result of new information, future events, or otherwise. Matterport gives no assurance that it will meet its expectations.
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