US

Earth Observation Software for Insurance Niche

  • decor icon

    Data processing

  • decor icon

    Loss prevention

  • decor icon

    Risk prediction

Project
overview

Earth observation solutions and technologies are emerging in insurance as a means to boost the efficiency of business processes and save costs. In particular, observation of extensive land areas from satellites results in in-depth forecasts and predictions, especially in the conditions of increasing climate change. With satellite observation assets and the ability to process them in hand, an insurance provider is one step ahead of competitors in the market.

Client
information

Under NDA

client logo
Project overview image

Business
challenge

An underlying challenge was to provide the client with an ability to get a better, more detailed analysis of the environment and premises from satellites to efficiently assess the risks of insurance case occurrences. This allows the agency to come up with more individualized risk calculations and see more clearly the insurance coverage potential for prioritizing cases at hand.

Technical
challenges

To reinforce the client’s insurance practice, Diceus set a goal to develop a software solution that helps predict the risks by gathering and analyzing archived and real-time satellite data. We had to establish user-friendly, smooth transferring and viewing of large visual data assets to enable more precise and fruitful decision making based on detailed analysis of areas’ susceptibility to different hazards.

Solution
delivered

Diceus team has worked on the project for 11 months to develop an efficient niche product that quickly collects real-time data for highly-efficient modeling and management of insurance risks, forecasting related events, assessing damage, and monitoring affected areas after devastating happenings.

Solution delivered img

Claim a 30-minute talk with our experts and get a step-by-step strategy for your project for free!

Key features

key features image
  • Digital image processing

    Quick access to data processing capabilities provided by Sentinel-1 and Sentinel-2 ensures relevant data around the clock.

  • Analytical data models

    These help to analyze all available information and prevent any possible risks.

  • Historical and real-time data

    Comparing archived and real-time data, you can get valuable statistics and predict many insurance business-undermining matters.

VALUE TO OUR CLIENT

  • Risks prediction

    Archived data passed through analytical models contributes to the forecast and risk assessment of tasks and objective evidence for claims validation.

  • Loss prevention

    If a leakage or similar situation happens, rapid dissemination of real-time data boosts loss control and logistics planning for immediate response by loss adjusters.

  • Process simplification

    By automation of the premiums and claims calculation processes, staff gets rid of much manual work while customer loyalty grows.

Our Tech Stack

  • Python icon Python

contact us

    Name

    Email

    Phone

    Become a customer
    How we can help you

    Message

    Thank you! We will contact you soon

    Trusted partner who delivers on scope, on time and on budget

    To top of page
    To top of page