Finance & Insurance
Earth Observation data provides valuable data and insights that enhance risk assessment, decision-making, asset management, and overall operational efficiency for financial institutions.
Solution Summary
Risk Assessment and Underwriting: Earth observation data, such as satellite imagery and aerial photography, can be used to assess the physical conditions of properties and infrastructure.
What does the world’s most advanced change detection system look like?
Experience the EarthDaily Constellation
The unprecedented insights unlocked by our constellation will enable our customers to make informed decisions with the magnitude of accuracy and efficiency unseen before.
Problems Solved
Claims Management
Catastrophic Event Monitoring
Infrastructure and Investment Decisions
Fraud Detection and Prevention
Ecosystem Monitoring
Impact / Results
- Assess risk and inform premium pricing. E.g. analyze flood-prone areas, earthquake zones, or properties situated near industrial sites to accurately assess the level of risk, which, in turn, influences the insurance premium pricing and underwriting decisions.
- Insurers can verify the location and extent of damages caused by natural disasters, accidents, or other incidents, reducing fraudulent claims and ensuring quicker and fairer claims settlement.
- Having access to up-to-date satellite imagery and geospatial analytics helps lenders and insurers identify the extent of damage and estimate potential claims exposure, allowing them to respond rapidly and efficiently to such events.
- By analyzing location-based data, banks can evaluate the potential economic development and stability of an area, helping them identify viable investment opportunities and assess potential risks related to the development of specific projects.
- Utilizing change detection, financial institutions can identify suspicious activities and potential anomalies, allowing banks and insurance companies to take appropriate measures to mitigate fraud risks.
Upstream
EarthDaily Constellation
Providing seamless access to the EarthDaily satellite data stream, with daily global high-resolution coverage in 22 spectral bands, automatically calibrated and processed to the highest scientific quality for direct to algorithm deployment.
Midstream
EarthPipeline
Offering customers the ability to extract and Exploring Analysis Ready Samples is an online tool that offers users a simple and efficient way to perform data access and transformation processes. By enabling users to subset data spatially, temporally, and by layer, the volume of data downloaded for analysis is greatly reduced.
Downstream
EarthDaily Agro
Our team of geospatial experts uses advanced statistical methods and machine learning algorithms to analyze geospatial data. This includes identifying patterns and trends, performing spatial analysis, and creating custom models to predict future events or trends.