Status date: 31 October 2018
The SCOUT project is the commercial and technical feasibility investigation of using various Satellite Earth Observation assets to monitor the global oil & gas supply chain, to help reveal new insights for the financial services commodities trading and related sectors.
Status date: 29 October 2018
TELEKAIROS® Fintech is a tool for financial and (re)insurance contracts that derive value from an underlying asset such a traditional stock, a bond or stock index. TELEKAIROS is capable to manage different kinds of risks, for example by increasing the efficiency of the underlying market because they lower unforeseen costs of purchasing an asset outright.
Status date: 29 October 2018
Every year, millions of financial contracts whose value is indexed on hard commodities prices are traded on financial markets. Australia and Brazil represent 54% of the global supply, while China and India combined represent more than half of the global demand in hard commodities. It is thus key for investors to be able to forecast outputs and inputs in these countries where opacity remains high. Earthcube leverages satellites to tackle this issue.
Status date: 22 October 2018
CountFloors (CF) is a service designed to collect and analyse GNSS-geocoded images of buildings acquired at street level together with Sentinel data. CF automatically retrieves ground-level and satellite images on urban areas of interest, and uses a machine learning approach to extract risk-relevant characteristics of buildings depicted in the images. These features are sought after by risk modellers and insurance companies; yet they are of interest also in the real estate market and to the municipalities for their planning.
Status date: 26 September 2018
SAVANT is an end-to-end analytics and insights service, generating and delivering bespoke products tailored to specific requirements of customers seeking information on the mining industry, with an initial focus on the copper mining sector.
Status date: 10 September 2018
The objective of the FAMOS project is to improve the claim management, loss adjustment and sales capabilities for forest and agriculture damage insurances. Combining earth observation, IT technology and GNSS, the service supports target users by improving the efficiency of existing business processes.
Status date: 18 July 2018
The project investigated how drought and flood prediction and monitoring services derived from in-situ and space-based Earth Observation data - in from the Sentinel satellites - could support the uptake of agriculture insurance in developing countries, with an initial focus on Uganda.
Status date: 12 July 2018
WaterInfo is using Earth Observation satellite data to provide value to the energy sector.
Status date: 18 May 2018
AgeSpot provides THE starting point for any innovative technological solution addressing ageing populations. It enables efficient targeting of the silver economy and offers precise demographic data on WHERE and HOW MANY age specific classes currently live and will likely live in the FUTURE. With AgeSpot a new Earth Observation (EO) supported business intelligence service is offered.
Status date: 19 January 2017
The INSUTRAX feasibility study objective is to investigate the technical feasibility and commercial viability of integrated applications utilizing various satellite data sources (GNSS, EO and Satcom) for cargo tracking in support of IT insurance products focusing on Polish insurance market.
Status date: 07 December 2016
TransparentForests, a web-based Geographic Information System (GIS) for mapping and data management, is designed to increase the credibility and transparency of the FSC certification process. It supports all stakeholders in engaging with, and improving the certification process. It creates opportunities for operational efficiency across the certification service delivery chain. The TransparentForests concept has applications in forest insurance, finance and biomass energy.
Status date: 13 July 2016
The study analyses the feasibility and viability potential of an earth-observation based service for supporting the claims management process in the forest insurance industry. A main aspect is loss adjustment after large-scale disasters with a focus on storm events and forest fires.
Status date: 10 June 2016
FLARE is an integrated software package and data service which supports the global forestry insurance industry in asset estimation, risk management and loss adjustment. This feasibility study analysed the operational, technical and economic viability of a FLARE system/ service providing Earth Observation and Global Navigation Satellite System data and mapping products, within a simple software interface.
Status date: 11 February 2016
The objective of this demonstration project is designing, developing and pre-operating a web-based platform for improving the efficiency of insurance claim management with focus on weather-related hazards. The key service offered to the insurance companies is the Flood Claim Report Generator which will automatically generate reports for specific flood or rainfall events based on the best available information.
Status date: 09 February 2016
VeriSpace was an ESA-funded feasibility study that seeks to identify how space assets, such as Earth Observation (EO), Global Navigation Satellite Systems (GNSS) and communication technology, can be used to enable business benefits to insurance companies and loss adjusters when managing insurance claims. During the study, the VeriSpace Consortium specified two sustainable, user-driven services that utilise these space-based technologies to meet the needs of those businesses involved in claims management.The VeriSpace feasibility study showed that space assets can contribute to providing services that can help the insurance industry in a number of business processes within the overall insurance claims process, which can ultimately provide efficiency savings to the insurance industry.
Status date: 25 March 2015
This is a pilot project to demonstrate the suitability of the Sat3Play platform, originally designed for the consumer and SoHo market, to provide reliable and secured financial services in remote and underserved areas in emerging countries in Africa.
Status date: 01 April 2014
This feasibility study carries out an analysis of the most critical elements with respect to technical feasibility and viability (economic as well as non-economic) of a web application aimed at improving the efficiency of the management of insurance claims with a focus on weather-related hazards