Understand your exposure, accelerate claims triage and allocate reserves and resources using situational intelligence derived from real-time observations immediately after catastrophe (CAT) strikes. On call and ready to deploy 24 hours per day, 365 days per year, (RE)ACT provides the insurance industry with a full view of a catastrophe event’s impact down to individual property level.
Rapid Response
With access to 450 orbiting satellites, a truly international drone network and aerial survey partners on every continent, RE(ACT) delivers rapid post-event exposure analysis to reinsurers, insurers and brokers for over 70 global CAT events.
With unrivalled experience in catastrophe response planning and mission control, a team of experts will work closely with clients to deliver a response that satisfies their requirements.
Eye of Hurricane Irma. ©2017 Airbus
Hurricane Laura, 2020 – Damage Assessment
The Process
Combining data collected during and immediately after a catastrophic event with ground based imagery, news footage, social media and other information such as weather data helps to build a holistic view of the event’s impact on exposures.
Rapid analysis using both Artificial Intelligence and experienced image analysts delivers insight that enable you to quickly assess the impact an event has had on both your individual insureds as well as your own business.
Key Features
- Derive loss estimation and scoping within hours of event
- Utilise speed, consistency and objectivity of computer vision to rapidly build out a record of property damage
- Determine pre-event property condition prior to loss
- Conduct retrospective damage assessments for historic events from global image archives
- Validate CAT model outputs using address level damage data
- Combine with PropertyView to build a holistic view of risk
Beirut Explosion, Lebanon 2020
Yarloop Wildfire, Australia. ©2016 Airbus
Client Benefits
- Accurately estimate losses before the FNOL to accelerate claims settlements for the insured
- Reduce response overheads through remote assessments
- Investigate inaccessible locations following a catastrophe
- Reduce claims settlement costs and enhance reputation through accelerated claims settlement
- Build a visual record of events to evidence assessments of delayed and future claims
Related INSIGHTS
El Niño and La Niña – Discovering Atlantic Weather Patterns
NOAA’s eagerly awaited hurricane forecast was released for 2024, anticipating an “above normal” season. NOAA cited the likely shift of oceanic and weather conditions from El Niño to La Niña as a probable influence.
Above normal 2024 Atlantic hurricane season predicted by NOAA
The National Oceanic and Atmospheric Administration (NOAA), one of the leading scientific authorities on oceans, atmosphere and weather in the America’s, recently released their 2024 Atlantic hurricane predictions. The forecast predicts an “above Normal” hurricane season, based on the strong likelihood of La Nina conditions developing in the North Atlantic and Caribbean Sea.
RE(ACT) for Hurricanes, Harvey & Irma
BRINGING CUSTOMER SERVICE TO THE FORFRONT OF THE CLAIMS PROCESS