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Insurance

With building footprint data you can make more accurate and smarter decisions. Compare addressed building footprint data against the flood zone. We help create risk tolerance and underwriting rules with location accuracy and certainty.

Risk Assessment

Do you have the most accurate locations possible?
BuildingFootprintUSA™ rooftop precision enables the most accurate answers to key questions:

  • How far is the location from potential perils such as coast lines and flood zones?
  • What is my location relative to other key influencers that exacerbate or mitigate risk? Are there nearby or adjoining buildings, fire stations, and fire hydrants?

Underwriting Pre-fill

In the underwriting process you need to know as much as possible about your target. This information could be new information that completes your knowledge of the property, or data points that validate what you hear from your customer in the underwriting process. We provide key data points on a building’s:

  • Ownership whether individual or corporate, tenure, number of owners
  • Market value from tax assessment and sale pricing
  • Construction characteristics such as foundation and roof type
  • Physical characteristics, units, square area, height

Risk Aggregation

You know that risk decisions aren’t binary — buildings aren’t good or bad, safe or unsafe. Complex, large buildings and multi-building properties need to be assessed over their whole area to determine the sum of all risk. Perform risk calculations across the whole surface or around the whole perimeter of your building or buildings. Aggregate individual risk points, determine the low and high extent of your risk, or determine individual building risk for multi-building complexes.

Flood + Wildfire Risk Services

Flood and wildfire risk are collectively responsible for tens of billions of dollars of loss each year. Accurately determining risk is not a single query. Evaluating the potential for loss starts with a high accuracy building footprint rather than a approximate point location. High accuracy locations let you test against wildfire and flood zones and risk models. Bring in additional data from BuildingFootprintUSA™ — ground elevation, building characteristics, and insight into the usage and contents of the building – to tune your risk and loss estimates.

COPE Data

COPE Data

COPE data are the building blocks of underwriting and managing portfolio risk for the Insurance industry.

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Ground Elevation

Ground Elevation

Address Data, Height Data, and Business Information all in one.

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LightBox

LightBox acquires industry leader BuildingFootprintUSA™

IRVINE, CA – February 1, 2021 – LightBox, a leading provider of commercial real estate data and workflow solutions, announced the acquisition of BuildingFootprintUSA™, the premier provider of building and structure boundaries for location analytics. With this acquisition, LightBox will immediately make building footprints available to its customers.

Connecting BuildingFootprintUSA datasets to LightBox data will create the industry’s only fully integrated parcel, building structure, and property attribute datasets for comprehensive location intelligence across the commercial real estate, telecommunications, routing & logistics, and insurance markets, as well as the broader geospatial ecosystem.

“This acquisition demonstrates our ongoing commitment to innovation that serves the commercial real estate ecosystem. We’re looking to replace existing information silos with industry standard linked datasets. Our parcels and property data will now be integrated with rooftop-level geocodes, addresses, and boundaries,” said LightBox CEO, Eric Frank. “We strongly believe the future is one of connected datasets and we want to drive this change for the commercial real estate industry in the US and Canada.”

BuildingFootprintUSA was founded in 2016 in Albany, New York. The company serves customers of all size within commercial real estate, telecommunications, insurance, and mapping solutions with high-accuracy location data to facilitate accurate site selection, routing, spatial analysis and data visualization. Customers leverage building geometry, height, and ground elevation data to assist in determining potential flood risks, expanding broadband connectivity, policy planning for safety and security, and broader geospatial analytics.

“Joining LightBox gives us an exciting opportunity to grow and deliver our data and solutions to a broader segment of the commercial real estate market in the US and Canada,” said Karl Urich, founder and president of BuildingFootprintUSA. “By combining our datasets with those of LightBox, we will be able to offer the most accurate boundary, address, and geocoding dataset available.”

To learn more about how you can begin leveraging solutions that combine the best of BuildingFootprintUSA and LightBox today, please visit lightboxre.com.

LightBox is building the world’s leading real estate information and technology platform. LightBox customers comprise all types of enterprises needing authoritative real estate data and workflow solutions, including brokers, developers, investors, lenders, insurers, environmental consultants, corporations, technology companies, and valuation professionals. LightBox is backed by Silver Lake and Battery Ventures.

Learn More About LightBox at lightboxre.com

At BFUSA LightBox, we develop next-generation geolocation data centered on the built environment — where people live, work, shop, and play. Our hyper-accurate building and address data helps customers make critical decisions that are highly dependent on location. Learn more about BFUSA.

Learn More About BFUSA