make better business decisions - geospatial insight · geospatial insight has responded to 30+...
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MAKE BETTERBUSINESS Decisions
We are leveraging innovations in drone, satellite and aerial imagery and combining this with artificial intelligence expertise to revolutionise the insurance sector.
We enhance traditional insurance data collection and assessment methods by providing a new source of actionable information that is derived from visual evidence.
This Visual Intelligence provides insurers, loss adjusters and brokers with improved capabilities to monitor, analyse and respond to risk.
Our data and analytics are used to provide intelligence that helps (re)insurers gain a greater knowledge and understanding of risks; enabling better pricing and enhancing risk selection. This generates a positive impact on loss ratios and the COR.
geospatial-insight.com | +44 (0)1675 464 410
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1. Supports retention, prevention and avoidance strategies
2. Provides underwriters with a complementary data source that is observed fact
3. Visual sources provide precise, evidence-based data enabling risk uncertainty to be reduced
4. Enables risk assessment and monitoring of remote, broad and of difficult to reach regions
5. Enriches information for locations where existing data is insufficient
6. Enables improved comparative analysis
Visual
FOR Insurance
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Visually analyse the extent and severity of a CAT event in the immediate aftermath
Preserve visual evidence of the ground situation as an event unfolds
Resolve site accessibility issues
Remotely assess affected clients property-by-property
Enable quick reserving and reporting
Assess and inspect damage of insured properties even when physical access is rendered impossible
Expediate loss adjustment by providing preliminary loss projections
Accelerate claims management
Visibly demonstrate client care and focus throughout an event
Assess Your Clients
RESPOND rapidly TO CAT EVENTSWe are leveraging innovations in drone, satellite, aerial, and street-view imagery with proprietary software platforms to deliver rapid visual assessment of CAT events.
Visual Intelligence can be used to record and map the actual ground situation such as monitoring flood extent and assessing the impact of an event on insured properties.
Catastrophe
geospatial-insight.com | +44 (0)1675 464 410
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New York & East Coast 29.10.2012 Superstorm Sandy
Fort MacMurray 03.05.2016 Canadian Wildfires
Calgary 21.06.2013 Alberta Floods
Houston 31.10.2015 SE USA Floods
Houston 25.08.2017 Hurricane Harvey
Puerto Rico 09.09.2017 Hurricanes Irma & Maria Samarco Dam 05.11.2015 Brazil Dam Break
Knysna, Port Elizabeth 08.06.2017 South Africa Wildfires
Kota Bharu 01.01.2015 Malaysia Floods
Florida Keys & South West Florida 10.09.2017 Hurricane Irma
Bermuda 12.10.2014 Windstorm
Northern France 26.01.2018 Paris Floods
Somerset & South West London 19.12.2014 UK Floods | Cumbria & Lancashire 05.12.2015 Storm Desmond | Yorkshire 26.12.2015 UK Storm Eva | East Midlands, UK 10.06.2016 UK Floods | Essex Coast 09.08.2017 UK Floods
Simbach 02.06.2016 Germany Floods
South Germany & Hungary 10.06.2013 Central Europe Floods
Reiti Province 24.08.2016 Italian Earthquake
Nice, France 03.10.2015 Floods
Tianjin Port 12.08.2015 Tianjin Explosion
Nepal 25.04.2015 Nepal Earthquake
Saint Martin, Grand Anse, Marie Galante & Dominica 19.09.2017 Hurricane Maria
Visual Intelligence can also be used to rapidly assess the impact of a catastrophe event enabling rapid assessment of the scale and severity of damage to aide loss estimation and enable quick reserving and reporting.
Geospatial Insight has responded to 30+ catastrophe events worldwide. We deploy the optimum resources tailored to each specific CAT event, whether it’s a hurricane or a wildfire, we can get the intelligence you need.
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Assessing
Visual Intelligence is frequently used to enable rapid response to major disaster events but it can also play a significant role in day-to-day insurance claims handling and loss adjustment.
Geospatial strategies can assist insurers in analysing the thousands of claims they receive daily to provide a quicker response to their policyholders and as visual evidence to help prevent fraudulent claims.
Respond rapidly to claims of any nature, from a major catastrophe event to routine claims handling on a global scale
Now you can deploy drones on demand worldwide with live streaming and generate an initial visual assessment of claims rapidly
A Game Changer For
THE NEXT GENERATION OF claims response management
199 buildings were destroyed by the flooding
394 buildings suffered partial damage & flooding
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Our network only includes fully qualified, highly experienced professional drone pilots who operate with the very best drone and imaging technology.
Access to a UK network of Civil Aviation approved drone operators and growing network of worldwide partners
Deployment within 12 hours of engagement request
View footage within 24 hours of capture via our secure, cloud-based proprietary software
Image output enhanced with telemetry information, enabling you to track the drone’s exact flight path during footage capture
On Demand
geospatial-insight.com | +44 (0)1675 464 410
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Respond rapidly to individual and widespread claims
Access remote and dangerous locations
Provides both broad-area and specific property-level information
Assess multiple claims before loss adjusters arrive
Minimise risk of the incident evidence being lost
Enable detailed loss assessments remotely
Access visual evidence of properties and locations
Recover losses more quickly with faster, more precise decision making
Improve customer retention with efficient claims handling and faster payouts
Benefits For
geospatial-insight.com | +44 (0)1675 464 410
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Our
Global network of drone, satellite and aerial providers
Drone live streaming and footage playback with location tracking
Rapid visualisation and analysis of affected properties
Change monitoring with before and after images
Image analysis conducted by geospatial experts
Data and analytics delivered via secure cloud-based platform
Mission planning and incident management
Super fast CLAIMS RESPONSE
Our
Provision of insurance specific intelligence derived from satellite, aerial and drones
Geospatial Analysis
Machine Learning
Data Analytics
Remote Sensing
Software Development
Product Development
Business Transformation
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Our Visual Intelligence solutions empower insurers and brokers to assess external client assets remotely and in near real-time. By utilising our global satellite, aerial and drone networks, individual locations or wide geographic areas can be surveyed and visual evidence provided.
Risk WITH visual intelligence
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Produce a 3D survey of the interior of a property to assess for indoor damage.
When combined with exterior drone footage generates comprehensive building assessment for claims
Conduct survey as part of drone deployment for ultra-efficient data capture
View via mobile device
Easy to deploy with rapid processing
Full imaging and measurement capability provided
Indoor
Geospatial Insight applies revolutionary expertise in AI technology to extract critical building information from satellite imagery and other remote sensing data sources, allowing insurers to improve risk targeting, underwriting and pricing.
Improved property level information reduces risk uncertainty enabling insurers to lower their premiums and offer coverage to new clients.
Additionally, more granular level building information ensures that insurers adhere to the Solvency II Directive (2009/138/EC) by improving their risk quantification; enabling them to determine sufficient capital reserves more accurately or by guiding their risk transfer strategies.
Property
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Geospatial Insight’s Visual Intelligence solutions are used by insurers to monitor insured assets and identify change.
Enabling the continual evaluation of risk, adjustments to premiums and rapid response to loss events.
Dynamic monitoring of accumulation of key insured assets from satellite imagery.
Automated change detection through the use of machine learning techniques.
Exposures monitored include; car storage, cargo, dry bulk commodities, oil storage, port storage, oil rigs and moored shipping.
Dynamic
DYNAMIC RISK assessments...
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Surface Movement
Rapid subsidence risk indexing.
Detect and monitor millimetre land movements year-to-year using interferometry techniques (radar from satellites).
Provided in partnership with GVL Limited.
geospatial-insight.com | +44 (0)1675 464 410
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Offshore Asset
Access to a range of satellite derived data can be used to identify, map and then monitor accumulations of energy assets.
1. Routine monitoring of offshore assets
2. High frequency of observation monitoring
3. Text and email alerts of significant changes to asset location and of potential hazard impacts
Service OVERVIEW:
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Traditionally insured using ‘per hectare’ valuations and approximate risk-data, declared annually.
Mid-season risk monitoring is rare and loss adjusting can be challenged by access difficulties and imprecise loss estimates.
Use of cutting-edge analytics is appropriate in rapidly growing markets where valuations and access can present challenges.
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Forestry
Plantation areas and biomass levels are key rating bases for insurers of forestry risks.
Our high quality data and analytics can be used to aid the underwriting of forestry risks:
Size and scale
Topography of the land
Stocking density
Biomass levels
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Next
t: +44 (0)1675 464 410
e: hello@geospatial-insight.com
w: geospatial-insight.com
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