Visual intelligence to monitor major events
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.
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
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.
- 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
Yarloop Wildfire, Australia. ©2016 Airbus
- 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
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.
The Atlantic Hurricane Season 2020 finished up with a record-breaking number of named storms for the fifth consecutive year. With Hurricane Season 2021 fast approaching, it is hard not to anticipate another very active season, with trends from the last decade showing a dramatic increase in season length and in storm numbers and intensity.
The Atlantic season 2020 has now officially come to a close with a record-breaking 30 named storms, of which 6 developed into major hurricanes. The season began earlier than expected with Tropical Storm Arthur forming in mid-May and closed with major Hurricane Iota last month.