Porch Group, Inc. announced on November 19, 2024, a strategic partnership related to its Home Factors data platform. This initiative aims to further leverage the company's unique property intelligence.
The Home Factors platform provides insights into approximately 90% of U.S. properties, which Porch uses for advantaged underwriting in its insurance operations. Expanding its use through partnerships could create new revenue opportunities.
This development underscores Porch Group's strategy to monetize its proprietary data assets beyond its internal insurance business. The company is focused on demonstrating the value of its data to third parties.
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