State Farm Startup Pitch Competition: Vue Robotics
Weather creates hundreds of billions in economic disruption annually, yet the insurance industry still relies on subjective, lagging data like manual inspections and historical claims to assess risk. Vue Robotics replaces this outdated model. Their platform combines rugged, solar-powered hardware with an advanced AI to deliver the Dynamic Site Risk Index (SRI)—a real-time, 0-10 score of a property's risk.
Their technologoy provides the ground truth—fusing video with on-site environmental data. Their AI analyzes these inputs against predictive forecasts to deliver an objective, auditable view of site conditions.
For insurance partners, this means:
- For Underwriters: They replace lagging loss runs with leading risk indicators, enabling more accurate pricing.
- For Loss Control: They provide 24/7 virtual risk engineering to proactively prevent claims.
- For Claims: They deliver an immutable, timestamped audit trail to validate events and combat fraud.