Claims Geospatial Augmentation Tool

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Overview

For insurance, our claims geospatial augmentation tool leverages commercially available earth observation data to estimate post-CAT damage severity fora p&c carrier’s policyholders. To do this, we leverage a suite of advanced geospatial analytics to rapidly identify damage incurred to carrier's portfolio, for each individual policyholder, which reduces a carrier’s operational costs by reducing claims leakage, claims severity, and risk of fraud.

Key Features

  • Damage Severity Index (per dwelling/policyholder)
  • Debris Detection
  • Flood Detection
  • Change Detection
  • Building Footprint Detection

Key Benefits

  • Claims Triage.
  • Reduce claims operational costs
  • Assess portfolio loss exposure per CAT event.
  • Reduce claims leakage.
  • Reduce claims severity.
  • Expedite first notice of loss.
  • Reduce the risk of fraud.

Product/Service details

Geographic Availability
Caribbean, North America