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
Near normal 2023 Atlantic hurricane season predicted by NOAA
National Oceanic and Atmospheric Administration (NOAA) has released their forecast for the 2023 Atlantic hurricane season and they are predicting the first near normal season in over seven years. This is driven by several factors that are expected to supress hurricane activity including the high potential for El Nino to develop this summer.
2022 Atlantic hurricane season NOAA predictions
National Oceanic and Atmospheric Administration (NOAA) has released their predictions for the 2022 Atlantic hurricane season and based on their forecasts the season looks set to be the seventh consecutive year of above-normal hurricane activity, driven by several climate factors including warmer than average surface temperatures.
What are we expecting for Atlantic hurricane season 2021?
Atlantic Hurricane Season 2021 is now very much underway, with the official season kicking off on June 1st. Predictions across the board are anticipating another above-normal season, and similarities with last year’s activity can already been seen with the first named storm, Ana, forming before-schedule, on May 22nd.