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Porch Group Expands Home Factors with New Roof and Electrical Insights to Strengthen Carrier Risk Models

businesswire.com
PRCH Porch Group is expanding its Home Factors platform with new features, which suggests a bullish sentiment as the company is investing in improving its services and risk assessment capabilities.

SEATTLE--( BUSINESS WIRE)--Porch Group (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced the expansion of its Home Factors property intelligence platform. The latest release introduces several new and enhanced attributes, including electrical panel and sub-panel location, roof life stage segmentation, and updated plumbing material indicators. These additions bring the platform closer to its goal of offering over 100 property attributes, covering approximately 90% of U.S. homes.

Home Factors provides interior and exterior attributes and condition data to help carriers improve underwriting, pricing, and risk selection. Collectively, these newly released attributes offer deeper visibility into critical home systems- supporting stronger risk models and more accurate decisioning.

“These new Home Factors continue our momentum in transforming how carriers assess risk,” said Matt Ehrlichman, Founder, Chairman and CEO of Porch Group. “We’re building a platform that delivers measurable ROI today while setting a new standard for property intelligence in the years ahead.”

For more information, visit: https://insurance.pgmsolutions.com

About Porch Group

Porch Group, Inc. ("Porch") is a new kind of homeowners insurance company. Porch's strategy to win in homeowners insurance is to deploy leading vertical software solutions in select home-related industries, provide the best services for homebuyers including important moving services, leverage unique data for advantaged underwriting, and provide more protection for policyholders. To learn more about Porch, visit ir.porchgroup.com.