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
With global temperatures continually rising, and with local extremes of dry, hot weather, wildfires are a growing concern worldwide, with a devastating impact on the environment, communities, and economies.
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.
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.