Geospatial Insurance Consortium

What Geospatial Insurance Consortium does

Vexcel, operating as the Geospatial Insurance Consortium and legally domiciled as Vexcel Imaging US, Inc., provides high-resolution aerial imagery and AI-derived property intelligence to the insurance industry. The platform serves insurance underwriting, claims, and Special Investigation Unit (SIU) workflows across 45+ countries, 49 U.S. states, and 127 million households (covering 99.6% of the U.S. population). Its core offering combines ortho, oblique, and multispectral imagery captured via a dedicated fleet of fixed-wing aircraft equipped with proprietary UltraCam camera sensors, supplemented by AI-driven property attribute extraction (Elements AI), elevation models (Elevate/DSM/DTM), 3D city models, and the Gray Sky rapid-response imagery program for post-catastrophe assessment. The company is privately held, headquartered in Boulder, Colorado, was founded in 2017, and operates through wholly owned subsidiaries including Vexcel Imaging (camera/sensor manufacturing) and Keystone Aerial Surveys (aerial survey operations).

The company generates revenue primarily through enterprise subscription licensing of its imagery and property data to insurance carriers, with quote-based annual contracts. Distribution combines direct enterprise sales (APIs, MapControl SDK, Map Services, Vexcel Viewer, Vexcel MCP) with a partner ecosystem that includes core integration with Esri/ArcGIS and secondary partners such as Descartes Labs, Geospan, Greenshield, Ensurity, and ZestyAI. The go-to-market is vertical-focused on insurance, with named customers including ACT, ATIC, Brit, Canopius, CNA, EigenRisk, Community Olympus Insurance, Orion, SafePoint, SunCorp, Synchrous Risk, WCF, and Windward. Beyond insurance, Vexcel has built adjacent industry pages for Government, Telecom, Utilities, Financial Services, Energy, AEC, and HD Maps, indicating a broadening vertical footprint. Pricing is not publicly disclosed, and no funding rounds, institutional investors, or revenue figures are reported in the source materials.

Name

Geospatial Insurance Consortium

Legal name

Vexcel Imaging US, Inc.

Website

https://gic.org

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Vexcel (Geospatial Insurance Consortium) provides high-resolution aerial imagery and AI-derived property intelligence to insurance carriers worldwide, serving underwriting, claims, and fraud detection workflows across 45+ countries.

Ownership category

akta.pro rank

Product category

Aerial Imagery & Geospatial Analytics

NAICS

Surveying and Mapping (except Geophysical) Services (541370), Surveying and Mapping (except Geophysical) Services (54137), Other Insurance Related Activities (52429)

SIC

Services-Mailing, Reproduction, Commercial Art & Photography (7330)

akta.pro primary industry

Satellite Imagery & Remote Sensing Geospatial Platforms (BPAMANAM)

akta.pro secondary industries

Alternative Data Providers (Web, Satellite, Geolocation, ESG Signals) (FSAFAIAH), Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Aerial imagery services
• Geospatial data platform
• Insurance property intelligence
• Disaster response imagery
• AI property analytics

Headquarters

HQ city

Boulder

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Supply Chain

Revenue model

1. Aerial Imagery and Property Data Licensing: Licensing of high-resolution aerial imagery, AI-derived property attributes, and elevation data to insurance carriers for underwriting, claims, catastrophe response, and fraud investigation workflows

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Geospatial Insurance Consortium delivers a high-resolution aerial imagery and geospatial analytics platform used by property-and-casualty insurers for underwriting, claims, and disaster response. The offering bundles oblique and ortho aerial imagery, 3D and multispectral data, an AI property analytics layer, and a post-catastrophe rapid-imagery program (Gray Sky), exposed via a web viewer, APIs, and an SDK.

Product overview

Vexcel is a geospatial data platform providing high-resolution aerial imagery and AI-powered property intelligence for insurance workflows. The offering consists of a core imagery portfolio (Oblique, Ortho, Multispectral) combined with value-added products (3D Cities, Elevate, Gray Sky, On Demand) and AI analytics (Elements AI). These products integrate through a platform layer comprising APIs, SDKs, Vexcel MCP, and Viewer tools, enabling insurers to support underwriting, claims review, catastrophe response, and fraud detection workflows across 45+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Gray Sky: Rapid-response aerial imagery program for natural disasters and catastrophic events including hurricanes, tornadoes, and wildfires.
• Elements AI
• Elevate

Products and services

• Oblique Aerial Imagery High-resolution oblique (multi-angle) aerial imagery used by insurance carriers for property inspection, underwriting, and claims assessment.
• Ortho Aerial Imagery Top-down (orthorectified) aerial imagery used by insurers and GIS teams for mapping and property-level analysis.
• Elements AI AI-driven property analytics layer that derives roof condition, structure attributes, and risk-relevant features from aerial imagery for underwriting and claims workflows.
• Elevate (Digital Surface & Terrain Models) Digital surface model (DSM) and digital terrain model (DTM) elevation products derived from aerial capture, used for property height, slope, and flood-risk analysis.
• Gray Sky Program Disaster-response imagery service that flies affected areas after catastrophic events (e.g., hurricanes, wildfires, tornadoes) and delivers near-real-time damage imagery to carrier members.
• Multispectral Imagery Multispectral aerial imagery capturing additional spectral bands beyond visible RGB, used for vegetation, moisture, and roof-condition analytics in insurance workflows.
• On Demand Imagery Customer-requested aerial imagery capture for specific properties or areas that fall outside the standard library refresh cycle.
• 3D Cities Textured 3D city models built from aerial capture, used by insurers and GIS teams for spatial context and property-level visualization.
• Vexcel Viewer Web-based viewer platform for browsing, measuring, and downloading consortium imagery and analytics across the U.S. coverage footprint.
• Vexcel MCP Managed cloud delivery platform that exposes the consortium's imagery, analytics, and mapping capabilities to enterprise users and applications.
• MapControl SDK Software development kit and APIs that allow carriers and partners to integrate the consortium's imagery and analytics directly into their underwriting, claims, and GIS systems.

Quantifiable outcome

• 99.6% of U.S. population coverage with aerial imagery and property details (127 million households)
• +1 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• EsricoreTechnology or IntegrationEsri integration through Image Services for ArcGIS, enabling insurance carriers to access Vexcel imagery within ArcGIS workflows and platforms
• GreenshieldminorChannel Partner/ Reseller/ DistributorInsurance technology partner distributing or integrating Vexcel imagery and data services
• EnsurityminorChannel Partner/ Reseller/ DistributorInsurance technology channel partner

Scale indicators4 records

Expansion highlights5 records

Direct peers

• Nearmap: Nearmap provides high-resolution aerial imagery and 3D content via its own capture program for insurance, government, and other verticals. It is the closest direct competitor to Vexcel's aerial imagery-as-a-service model.
• EagleView: EagleView is a leading provider of aerial imagery, roof measurements, and property analytics primarily to insurance carriers for underwriting and claims. It competes head-to-head with Vexcel in the insurance property intelligence category.

Broad incumbents

• Maxar Technologies: Maxar is a large incumbent in high-resolution satellite imagery serving defense, intelligence, and commercial customers. It competes with Vexcel in the broader geospatial imagery market, though primarily through satellite rather than aerial capture.
• Planet Labs: Planet Labs operates a large constellation of earth observation satellites providing daily global imagery. While satellite-based and broader in scope, it competes for the same property and change-detection use cases as Vexcel.
• CoreLogic (now part of Cotality): CoreLogic is a major provider of property data, analytics, and risk solutions to the insurance industry. It is comparable as a horizontal insurance data and analytics incumbent that Vexcel complements and competes with at the property intelligence layer.

Emerging players

• ZestyAI: ZestyAI provides AI-driven property risk analytics (wildfire, hail, climate) to insurance carriers using aerial, satellite, and other data sources. It is an existing Vexcel partner and partial competitor in AI property risk intelligence.
• ICEYE: ICEYE operates a SAR satellite constellation delivering high-resolution imagery that penetrates cloud cover, making it relevant for post-catastrophe claims workflows where Vexcel's Gray Sky aircraft may be weather-limited.
• Pix4D: Pix4D provides photogrammetry software that converts aerial and drone imagery into maps and 3D models. It is a downstream enabling technology comparable to Vexcel's image-processing and 3D Cities product layer.
• Hover: Hover turns smartphone photos into 3D property models and structured property data for insurance and home improvement. It is an emerging player in property intelligence that competes with parts of Vexcel's Elements AI offering via a different capture modality.

Others

• Esri: Esri is the dominant GIS platform provider and a core Vexcel integration partner via Image Services for ArcGIS. It is comparable as the primary geospatial workflow platform through which insurance and government customers consume Vexcel's imagery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gic_org
• Facebookfacebook.com/nicbgic
• LinkedInlinkedin.com/company/nicb-geospatial-insurance-consortium

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Geospatial Insurance Consortium