Verdex Launches: Satellite Imagery Verification for Insurance

Verdex recently launched!

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^{"Helping insurers verify claims without leaving their desks."}

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^{TL;DR: Verdex replaces manual inspections in insurance with real-time digital audits. They use high-resolution satellite imagery to help insurers verify and settle claims without ever leaving their desks, starting with crop insurance.}

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Founded by Evan Rankin & Jad Bousselham

Hi everyone, meet Evan and Jad — two Dartmouth grads building Verdex.

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https://www.youtube.com/watch?v=otKHPaRs-mQ

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The Problem

Crop insurers worldwide spend over $5 billion every year on a single manual task: verification.

• Today, insurers cannot verify a claim without physically sending an adjuster to a field.
• This manual process is so slow and labor-intensive that it consumes nearly 10% of every premium dollar collected globally.
• As extreme weather events increase, the volume of claims is skyrocketing, making the current adjuster model completely unscalable.

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The Solution

Verdex allows insurers to monitor every field on earth in real time.

• Verdex combines high-resolution satellite imagery with local weather models to interpret field-level conditions with precision.
• Instead of waiting weeks for a field visit, insurers can verify the insured asset in seconds and settle the claim instantly. This means insurers aren’t scrambling to dispatch adjusters, and policyholders get paid on the spot.
• Last month, major regulators such as the USDA updated their guidelines to allow for satellite-based remote verification.

Verdex is already live with one of the largest crop insurers in the US, helping them insure 100+ million acres — that’s over 11% of all farmland in the US. But insurance is more than just crops — their vision is to be the data and interpretability layer for any insurable asset you can see from space. They’re building the infrastructure to automate the verification process across insurance sectors like agriculture, property, and energy.

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The Ask

The founders are looking for intros to insurers in agriculture, property, and energy.

If you have a lead or want to see a demo, reach out via email here!

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Learn More

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^{Visit  www.verdexai.com to learn more.}

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^{The founders are looking for intros to insurers in agriculture, property, and energy. If you have a lead or want to see a demo, reach out via email here!}

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^{Follow Verdex on LinkedIn.}

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