The reliance on virtual inspections accelerated during the pandemic, with more policyholders supplying their own images to underwriters for review. (Photo: Dmitry Galaganov/Adobe Stock)

Since the mid-1700s, underwriters at Lloyd's of London have been using Survey Reports (inspections) prior to binding coverage. Today, most insurers use some form of inspection to identify hazards and develop risk improvement methods.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.