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Earth observation software for insurance niche

  • earth observation software for insurance niche ico data processing

    Data processing
  • earth observation software for insurance niche ico loss prevention

    Loss prevention
  • earth observation software for insurance niche ico risk prediction

    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

earth observation software for insurance niche project

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.

earth observation software for insurance niche solution
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Key features

earth observation software for insurance niche key
  • 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 Python

Software solutions bringing business values

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