philip lelyveld The world of entertainment technology

Augmented Reality Property Claims Venture PLNAR Raises $3.9 Million

PLNAR says its property claims technology captures “all the data necessary to virtually settle interior insurance claims by allowing the user to easily gather the full context of the damaged area including measurements, summary reports, photos and 3D models.” The platform is designed to integrate into existing insurance industry claims applications.

The firm claims PLNAR can help insurers reduce loss adjustment expenses and overall operating expenses, while improving loss prevention and fraud detection efforts. The technology helps insurers settle small property claims faster and more efficiently by moving adjustors from off-site to a desk claims model.

“Historically, measuring rooms as part of an onsite insurance claims adjustment has been a manual process completed in difficult, sometimes dangerous, environments,” said Matt Kinley, managing partner of ManchesterStory. “Using PLNAR’s, AR-enabled, data capture system to measure and create a 3D model of the site for further assessment, improves the speed and accuracy of onsite data collection.”

This new funding will also be sued to support PLNAR’s expansion into home improvement markets,...

funding came from ManchesterStory Group, The Venture Reality Fund, and Colopl Next Inc.

See the full story here: https://www.insurancejournal.com/news/national/2018/08/21/498695.htm