ESA title

Finance, Investment & Insurance

Space2CLIMB

Status date: 19 June 2024

Space2CLIMB is looking to create a biodiversity service to support the financial service sector by combining GlobalTrust’s expertise in Earth Observation (EO) data analytics with Ecogain’s knowledge of biodiversity.
 

GeoInsure

Status date: 26 April 2024

GeoInsure is a fully operational, custom designed, state-of-the-art Earth Observation based geospatial tool, specifically build to be seamlessly integrated into the operational workflow of a company active in the (re)insurance market, with an emphasis on natural catastrophes (Nat Cat) and extreme weather events insurance and reinsurance activities.

CORISCLIM

Status date: 08 April 2024

Rapid Assessment of Future Coastal Flood Risks Around the World To Build Coastal Resilience

EO4CSR

Status date: 12 March 2024

The EO4CSR project aimed to assess the potential of Earth observation (EO) derived information to enable companies and financial institutions to facilitate due diligence and reporting requirements deriving from the European CSR Directive (Corporate Social Responsibility - CSRD) and European Deforestation Regulation (EUDR).

ORCAS

Status date: 01 March 2024

Trade in Space creates NFTs on a blockchain, using SatEO analysis. But these aren’t works of art – they're tied to physical commodity crops still growing in the field and this new approach enables us to move into a new age of transactional insight®. In this project Trade in Space will show the value this new approach has in streamlining global coffee and cacao supply-chains.

Energy SCOUT

Status date: 22 February 2024

Energy SCOUTTM is a modular set of services which transform daily and weekly feeds of raw satellite sensor and spatial data into a series of value-added information products, targeting different activities along the oil & gas supply chain.

AFNOL

Status date: 14 February 2024

The project aims to improve the data analytics software used by insurance companies to confirm an accident has happened, who is at fault and the probability of injury.

GAINS CCN1

Status date: 05 February 2024

GAINS provides historic and near-real-time insights on the production and activity levels at hundreds of sites involved in the global iron and steel supply chain. It offers an “alternative data” source for the Financial Services industry by providing near-real-time leading indicators such as stockpiles of raw materials and levels of activity and production, based primarily on satellite observations.

OPT4SOL.AI

Status date: 26 December 2023

A smarter way to identify the location for your next solar project. OPT4SOL uses satellite images, GIS, and AI to support site selection for new utility scale PV projects. All the data in one place. The system considers every aspect, from exclusion zones and regulatory limits to distances from power lines and areas of high cunsomption supported by AI powered analysis and scoring of potential locations.

AlertSat Portal

Status date: 26 December 2023

The AlertSat satellite constellation is to deliver Alerts directly to its users, through AlertSat Portal - when critical information has been detected and there is still time to act upon it.

SGAM

Status date: 19 December 2023

SGAM is designed for hazard and risk assessment, focusing on the interaction between infrastructures and natural environment. It combines Earth Observation data, ground-based monitoring data, geohazard databases, and AI algorithms to identify critical issues and cost-effective maintenance investments. It features techniques such as A-DInSAR and PhotomonitoringTM for precise monitoring of surface changes, allowing for historical analysis and change detection.

SiriusInsight®

Status date: 27 November 2023

90% of world trade goes by sea making it of great importance economically, strategically and environmentally but the maritime domain is vast and remote making persistent surveillance challenging. SiriusInsight® uses cutting edge artificial intelligence to analyse maritime data from multiple remote and autonomous sources in order to create actionable information for users about otherwise unobserved marine activity.

Ecosystems – CPV

Status date: 27 November 2023

Ecosystems – CPV provides data and modelling capabilities for utilizing coastal ecosystems as vital green infrastructure for protecting critical assets, business activities and people along coastal zones. The solution provides quantitative data and flexible modelling approaches to the insurance and infrastructure sectors, facilitating the effective and sustainable use of coastal ecosystems for disaster risk reduction and climate adaptation.

Sat4Insur

Status date: 30 September 2023

The Sat4Insur project aims at delivering a new monitoring service for crop insurance companies. It offers a complete decision tool to the Head of Agriculture of the insurance company and to adjusters to better evaluate crop yield and the financial impact of adverse weather events (i.e., extreme and recurring) such as drought, excess water and storm.

GEMS

Status date: 30 September 2023

The GEMS service uses space-based technology to detect and monitor air pollutants, including hotspots, using Copernicus EO data and algorithms. The service, designed for commercialization, aims to automate data processing, making emission control cost-effective and bridging the digital data access gap, a groundbreaking in emission monitoring.

IBISA Phase 2

Status date: 04 August 2023

IBISA is a pioneering global climate insur-tech that shields businesses and communities against the impacts of climate change. Using satellite data, we measure weather conditions to design and operate cost-efficient, scalable insurance solutions.

Through partnerships with local, global insurers and distribution channels, IBISA creates tailored insurance products that are easy to understand, transparent, affordable and provide rapid payouts. Our innovative use of satellite imagery and actuarial tools results in robust insurance products that cater to real-world needs.

PROFEO

Status date: 10 July 2023

The consortium provides a web-based platform that allows users to get actionable property level flood hazard insights at “the push of a button” combining existing flood data, meteorological data and archived as well as current satellite images. The service is accessible to non-experts, providing flood hazard maps and alerts tailored to the needs of the clients in the real estate domain, and can be scaled to wide geographical areas.

PSVE

Status date: 22 June 2023

PSVE (Port Stockpile Volume Estimation) is a product DBX is developing within the ESA BASS programme; the PSVE module aims to collect and harmonise global, highly fragmented, dry-bulk commodities data in near real-time, by applying state of the art machine learning classification algorithms and establishing a strong correlation between market trends and the localization of dry bulk stockpiles.

BeSpatial.AI Demonstration

Status date: 19 June 2023

How do you target advertising to maximize customer reach and minimize costs? Where do target customers stay, live and work? What locations should be the focus of digital and physical advertisement campaigns?

BeSpatial.AI helps businesses in financial services and other industries to boost their ads performance with customer trained machine learning model (HolistiCRM). 
Training is done based on internal datasets, EO (ESA) and GIS data (GeoX). In our first use-case machine learning model accuracy reached 91%.

Machine Learning supported targeting ROI 1127% thanks to lower CPC and higher conversion rates targeting the right (potential customer dense) locations.

Ad Astra

Status date: 30 May 2023

Ad Astra is a project by Astrosat is to assess the technical and commercial feasibility of space services being provided to user organisations without a pay-wall, funded by advertising revenue, specifically global brand Corporate Social Responsibility (CSR) budgets.

PREMIA

Status date: 29 May 2023

PREMIA project aims to fill the gap currently existing between satellite Earth Observation and the agro insurance market by providing an innovative and integrated end-to-end platform.

GAINS

Status date: 12 May 2023

GAINS is an “alternative data” platform for the Financial Services industry providing near-real time activity and leading-indicator production indices for a range of industrial supply chains such as iron ore and steel, and in future other metals, minerals and materials.

GAINS provides historic and near-real-time insights on the activity and production levels at hundreds of industrial sites worldwide on a daily or weekly basis, at a scale not previously possible, by harnessing AI-enabled remote sensing data fusion.

Economic Intelligence Factory

Status date: 12 May 2023

The objective of this demonstration project was the analysis of satellite data to create standardized indicators of economic activity, from the study of key sectors of the economy.

THIRSTY

Status date: 20 April 2023

With Project THIRSTY, Hydrosat is deploying two commercial products to enhance food security: 1) we provide accurate yield forecasts that help agribusinesses manage supply chains more efficiently, and 2) we implement a farm management system that helps growers increase crop production while conserving water.

DOCS-2

Status date: 15 March 2023

Using civil aircraft to create constellations for providing high spatial & temporal Earth observation data and telecommunication services; a most ecological constellation re-using the most reliable platform.

Space Augmented UAM

Status date: 14 February 2023

Space Augmented UAM aims to determine the feasibility of a “Space Augmented” service enabling cities and regions to conduct U-Space integration assessment utilizing economic, technical and environmental simulations for predictive assessment considering the individuality of each city to generate a self-sustainable Urban Air Mobility ecosystem.

WS

Status date: 22 December 2022

WaterSentinel aims at providing satellite-powered water quality monitoring tools relevant for Environmental, Social and Governance (ESG) assessments as well as broader environmental monitoring applications.

Its falls within a broader goal of promoting the use of space data for sustainable finance decisions.

TerraRisk

Status date: 21 November 2022

CyStellar TerraRisk RE is a data analytics platform, designed to deliver real-time geospatial insights and intelligence into risk and underwriting, reserving and rate making, insurance portfolio optimization and claim assessment processes.

BirdsEyeView

Status date: 14 November 2022

BirdsEyeView is a B2B InsurTech. Specifically, BirdsEyeView operates as a Managing General Agent (MGA), using meteorological data from satellites to structure and sell innovative parametric weather insurance products.

Specifically, BirdsEyeView sells a parametric weather insurance product to businesses to protect them against the financial damages caused by excess rainfall events. This product is delivered on BirdsEyeView’s proprietary online algorithmic underwriting engine called RAPTOR™.

BeSpatial.AI

Status date: 02 November 2022

How do you target advertising to maximize customer reach and minimize costs? Where do target customers stay, live and work? What locations should be the focus of digital and physical advertisement campaigns?

BeSpatial.AI helps businesses in financial services and other industries to boost their ads performance with customer trained machine learning model (HolistiCRM).

Training is done based on internal datasets, EO (ESA) and GIS data (GeoX). In our first use-case machine learning model accuracy reached 91%.

Machine Learning supported targeting ROI 1127% thanks to lower CPC and higher conversion rates targeting the right (potential customer dense) locations.

EMT

Status date: 20 October 2022

The aim of the Estate Market Trends (EMT) project is to provide a financial service that introduces a digital transformation of access to real estate market data. The main objective of the proposed solution is to create investment reports based on a selected location (coordinates). The system assumes the use and mutual integration of different sources of real estate data.

NUA

Status date: 20 October 2022

The increasing frequency and severity of extreme weather events has drawn the attention of the insurance industry on climate change risks. For insurance to act as a climate change adaptation tool to increase the resilience of our society, new data and services are necessary. NUA is a highly innovative SaaS for the climate risk management and forecast at local scale.

SAT-IS(F)Action

Status date: 22 September 2022

Existing space technologies (SatNAV, SatCOM, SatEO) can be blended with the most innovative data intelligence and certification technologies (Edge AI, IoT and DLT) to offer next generation Remote Container Monitoring services (Container-as-a-Service, CaaS), hence increasing overall food supply chain safety and reliability, in the pursuit of the highest possible final customer “satisfaction”.

OTAM+

Status date: 16 June 2022

The OTAM (Oil Trading Analytics Monitor) is a comprehensive solution for the oil trading analytics market, created by seamlessly combining Earth Observation data with oil analytics data. This new combination of datasets provides actionable insights on the status of the oil market.

Smart-GAM

Status date: 13 April 2022

Smart GAM aims at offering an innovative and semi-automatic decision-making supporting system for asset management and predictive maintenance purposes to improve the financial resilience of assets, taking advantages of innovative data-fusion algorithms, satellite Earth Observation technologies and their integration with ground-based monitoring/database segment. SGAM focuses on the risks related to structures and infrastructures, analysing their interaction with the local geological and environmental context, by automatically evaluating the direct or potential future interferences with geohazards such as landslides, floods, sinkholes, fires etc. The service aims to support Decision Makers in defining and prioritizing the maintenance operations based on the asset vulnerability and loss scenarios, with a philosophy that may be summarized as “FROM HAZARDS TO MANAGEMENT SOLUTIONS”.

DANPREIT

Status date: 17 March 2022

DANPREIT digital twin is a Prop-tech that prevents, mitigates, and manages Real Estate Investment Trusts (REITs) disputes. Our digital platform uses satellite and non-satellite data to create simulations that can predict exposure to litigious or arbitration procedures.

EO4Belmap

Status date: 14 March 2022

Enhancing Belmap, GIMs’ geo digital twin of the built-up environment, through Artificial Intelligence techniques applied on earth observation data. Resulting in four new Belmap data modules: Greenfields, Building Age, Roofs and Gardens.

SMOCGEO

Status date: 15 February 2022

SMOCGEO is enabling a transparent assessment of the sustainability of global commodities supply chains, using geospatial analytics. The project fuses satellite data, geospatial data and machine learning techniques to transform complex climate data into meaningful outcomes for enterprise corporates and financial institutions.

DeMoFloRa

Status date: 31 January 2022

KickStart activity exploring end-to-end earth observation monitoring solutions for the insurance and the mining industry. 

A.I.Perion

Status date: 13 January 2022

AIperion is a SaaS that supports the crop insurance claim management process through the use of A.I., Earth Observation and Meteorological data.

HERMOSA

Status date: 14 December 2021

HERMOSA is a service platform dedicated to support activities on ecosystem restoration and biodiversity conservation in its larger sense and the positive impact it has on the issue of food security, creating sustainable jobs, mitigating and adapting to climate change and empowering communities in technologies. HERMOSA is built using Open Source Software, accessible through the internet, empowered by web-mapping and Remote Sensing technologies.

TERRA

Status date: 13 October 2021

Climate-related economic losses in agriculture have now reached €73bn/year. We need to build a climate-resilient agriculture now, by preparing for the evolving climate risk. TERRA is a SaaS risk-assessment and monitoring tool seamlessly integrating satellite data, reanalyses and seasonal forecasts, targeting insurance companies providing agricultural coverage.

CoffEO

Status date: 08 October 2021

Building a data intelligence & risk management platform for the coffee industry powered by AI, SatEO & cutting-edge agrometeorology to scale sustainable coffee production.

A-QKD-S

Status date: 13 September 2021

This project defines an ‘Augmented Quantum Key Distribution (AQKD)’ Satellite Service that uses nanosatellites to deliver cryptographic keys for fractions of the cost of traditional satellite constellations. This service, rather than compete with large service providers, aims to augment these larger networks and could be used for on a wide range of end applications with multiple market verticals.

GEO

Status date: 11 July 2021

The MIS Global Events Observer (GEO) applies accurate, real time intelligence of space-based and ground sensor data to teams working across the insurance cycle.  GEO offers unique opportunities for businesses to make informed decisions when selecting, pricing, monitoring, mitigating and assessing risks, and seeks to drive technology into traditional workflows to enhance policyholder service and deliver cost savings and time efficiencies.

AI4Sendai

Status date: 30 April 2021

From portfolio or project analysis  down to single asset, Ai4Sendai  helps  key industries such as Energy, Oil And Gas, Insurance and banking, Real estate, Agriculture as well as  Public authorities and NGO  making the best informed decision  by providing a timely and accurate planetary intelligence for precisely locate their assets, identify their vulnerabilities to climate change and rate  risks to specific natural  hazard.

AlertSat

Status date: 13 April 2021

AlertSat is an earth observation change detection satellite constellation developed by the PandionAI corporation. The concept with on-orbit and autonomous image change detection, together with the instant delivery of information, gives end-users a tool to act efficiently in critical situations. AlertSat is designed with today’s challenges of rapid global changes in all areas, environment as well as business, in mind.

AgeSpot

Status date: 07 April 2021

AGESPOT is a completely new technological development based on satellite earth observation data offering services that allow access to precise data on WHERE and HOW MANY people, under consideration of their ages and socio-economic attributes, currently live and will likely live in the FUTURE.

Ag|knowledge 4.0

Status date: 26 March 2021

Ag|knowledge 4.0 improves the agricultural risk management for the stakeholders of the agri-supply chain in emerging economies. The services provided exploit various EO-technologies from remote sensing, weather satellites to GNNS to close a big information gap on operational crop monitoring in support of smallholders. The focus of the pilot-demonstration service is on India.

Orbital Witness

Status date: 11 March 2021

This project is working to provide archives of high-resolution satellite imagery alongside complementary property and legal datasets to allow real estate lawyers to conduct legal due diligence on property assets in a faster and more pain-free fashion.

MoMoRib®

Status date: 26 January 2021

Monitoring and alert system for river bank.  MoMoRib® uses a calculation programme based on the multi-methodological comparative analyses applied to geodetic, hydrological and soil-properties patterns, then links the information to the AI processed satellite datasets in the river zones prone to failure and/or where plastic and/or toxic waste can be concentrated.    

GEWS

Status date: 26 January 2021

Greenhouse owners are in a very competitive market, in which unexpected costs due to damage and decay of the greenhouse assets can cause severe problems. This demonstration project aims at demonstrating how a notification service using space data can help greenhouse owners to prevent or mitigate non-insurable risks threatening their business, and thereby save costs.

InsureApp Service

Status date: 10 November 2020

The objective of this project is to demonstrate a web-based Water Control Room which improves the efficiency of insurance claim management and water management before, during and after weather-related hazards. The key service offered is the Flood and Rain Report Generator which automatically generates reports for specific flood or rainfall events based on information from satellites, radars, gauges and crowdsourcing

SatSource

Status date: 08 October 2020

SatSource uses space technology to strengthen impact investment screening, monitoring and evaluation, and corporate and financial reporting on the traceability and sustainability performance of agricultural commodity supply chains.

mAPP’ing

Status date: 22 September 2020

FAMOS

Status date: 10 September 2020

The principal objective of the FAMOS project is to develop a comprehensive forest status monitoring system tailored to the requirements of commercial clients from the commodity sector, especially within the context of cocoa, palm oil, and rubber. Combining earth observation, IT technology and GNSS, the service supports target users by improving the efficiency of existing business processes.

IBISA

Status date: 24 June 2020

IBISA enables agriculture index-based insurance for agricultural entrepreneurs, everywhere and in an easy manner, by leveraging Earth Observation data and blockchain technology 

Project TAPIO

Status date: 12 May 2020

Intelligent geospatial vegetation management service

EnviNavigator

Status date: 31 March 2020

EnviNavigator is a customer-tailored EO-based analysis services supported by mobile applications targeted for forestry and insurance businesses. The services offer easy access to most up-to-date forest data by utilizing EO-based change detection with machine learning methods for assessment of storm damages, climate-change-driven risks and predicting carbon balance development.

EO Claim Ledger

Status date: 04 March 2020

The insurance industry is facing several challenges today: an increasing number of natural disasters and related losses strain their budgets. The EO-Claim Ledger aims to support the insurance industry by providing a fully automated claim management system making use of Earth observation imagery. Blockchain technology allows the provision of a secured system. It reduces administrative costs and prevents fraud.

Fully Automating Data Pipeline

Status date: 11 February 2020

In 2010, the United Nations explicitly designated that "safe, clean, accessible and affordable drinking water” is not only a necessity, but also a fundamental human right. However, we live in an imperfect world, in which man-made activities and natural disasters create conditions that limit our access to water and expose us to dangerous water events. Organisations around the world have recognised this challenge and shown their commitment to creating, as the World Bank terms it, “a water-secure world for all.”

IMGeospatial is honoured to be part of this movement and has partnered with three clients to address the biggest water-related threats to our livelihood: flooding, water scarcity and water quality. We provide business intelligence that enables them to proactively manage their water systems, build resilience in their communities and ultimately minimise risk and impact. We do so by automating the data pipeline, reducing the time and cost of turning earth-observed data into actionable insights.  

OneWave

Status date: 28 January 2020

OneWave, is a complement to the Tsunami Early Warning Systems (TEWS), a system able to detect and monitor the front wave of a Tsunami created from a major geological event, earthquake, landslide or explosive volcano by using accurate satellite radar measurements and precise position of the spacecraft of Copernicus Program.

InsSAT

Status date: 13 January 2020

The InsSAT project delivers a fully functional and operational system of automatic processing and analysis of satellite, meteorological and if needed also aerial data, focused on providing tools for assessment and settlement of insurance claims in the agricultural sector. The project is a CCN to the ASAP (“Advanced Sustainable Agriculture Production”) Demonstration Project that was completed in 2018.

AIMEE

Status date: 16 December 2019

In 2010, the United Nations explicitly designated that "safe, clean, accessible and affordable drinking water” is not only a necessity, but also a fundamental human right. However, we live in an imperfect world, in which man-made activities and natural disasters create conditions that limit our access to water and expose us to dangerous water events. Organisations around the world have recognised this challenge and shown their commitment to creating, as the World Bank terms it, “a water-secure world for all.”

IMGeospatial is honoured to be part of this movement and has partnered with three clients to address the biggest water-related threats to our livelihood: flooding, water scarcity and water quality. We provide business intelligence that enables them to proactively manage their water systems, build resilience in their communities and ultimately minimise risk and impact. We do so by automating the data pipeline, reducing the time and cost of turning earth-observed data into actionable insights.  

Village Data Analytics

Status date: 02 December 2019

Village Data Analytics (VIDA) is a software-enabled service that automatically identifies remote villages and determines their suitability for a micro-grid installation using earth observation data and machine learning algorithms.

VIDA can be scaled across large user-defined areas to find a portfolio of viable micro-grid sites. This data-driven knowledge de-risks projects, reduces time and planning costs and enables investment at scale.

SpaceChain

Status date: 27 November 2019

The multisignature wallet makes digital currency transactions more secure by requiring two approvals for each transaction, one from the user and one from the satellite. The security of transactions are guaranteed via satellite hardware isolation, a multiple approval model, and secure satellite communication making the transaction resistant to hacking.

NG-RMP

Status date: 14 November 2019

The Next Generation Recognised Maritime Picture (NG-RMP) provides a real time marine solution for the monitoring of vessels, complemented with advanced decision support. The system provides for risk determination from the viewpoint of either navies and the security of countries EEZ or insurance organisation to determine risk exposure of their marine vessel portfolio in real time worldwide.

SAVANT

Status date: 06 November 2019

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.

OTAM

Status date: 15 May 2019

The OTAM (Oil Trading Analytics Monitor) is a comprehensive solution for the oil trading analytics market, created by seamlessly combining data from the maritime (AIS+) and remote sensing (optical and SAR) sectors with oil analytics data. This new combination of datasets provides actionable insights on the status of the oil market.

VtDaws

Status date: 07 May 2019

VtDaws is a service developed on a SaaS model. VtDaws includes in its features the access to EO data (especially Sentinel and Copernicus Services data), a change/anomalies detection engine based on machine learning techniques, a warning service transforming data into information to the users and community sourcing features to add in-situ data and share information on smartphones or tablets.

ARCT.esa

Status date: 12 April 2019

The ARCTTM stakeholder mapping tool offers visualization of “Project Health” in the cross-roads between society, environment, business and policy. The unique de-risking tool combines climate change risks with other factors and makes them relevant, simple and visual for owner and decision makers of any infrastructure project.

ARCT has also found a fun and engaging way to score and report on the UN Sustainability Goal Climate Action goal #13. www.arct.tools.

Greenhouse Early Warning Service

Status date: 09 April 2019

Greenhouse owners are in a very competitive market, in which unexpected costs due to damage and decay of the greenhouse assets can cause severe problems. This feasibility study aims to provide insights into how an early warning service using space data can help greenhouse owners to prevent or mitigate non-insurable risks threatening their business.

SSFIS

Status date: 02 April 2019

Smallholders are underserved by credit providers as lenders are unable to assess their risk. Sensonomic’s system uses predictive and prescriptive simulations to assess system effects of credit deployment and open the market. With its dynamic data consumption, and iterative and reactive simulations, the service provides a continually updated prediction of how robust the credit providers portfolio is.

Project Impactor

Status date: 11 March 2019

Impactor deliver a prototype/credit scoring tool based on locally collected data, weather data and remote sensing data works. With this, we can provide financing to smallholders  – and support traders in taking over financing activities to these smallholders – Impactor could in a later stage expand to advice, which after then can be presented to impact investors (via a platform). 

Ground Instability Risk Profiling (GIRP) now branded as Hi_Ground

Status date: 22 February 2019

Hi_Ground delivers new subsidence risk profiling tools, based on our unique Core Subsidence Hazard Score, for every property and postcode in the UK.

Satellite data analytics for (re)insurance

Status date: 16 January 2019

Geospatial data analytics for (re)insurance

Building Stock Monitor Service

Status date: 09 January 2019

The proposed Building Stock Monitor Service is a service to aid municipalities with monitoring the entire building stock within their geographical borders by using satellite imagery from Sentinels 1 and 2.

The revisit time of these satellites give unprecedented update frequency as opposed to current technology that typically involves fly-bys at high costs.

RWatch

Status date: 14 December 2018

Monitor the number of cars in selected retail outlets, and use car park fill rate as a proxy to monitor and predict the financial performance of retail companies

Star Point

Status date: 14 December 2018

Apply the ESA’s DrMUST LoOP outlier detection model to find anomalies in financial trading data and in time-aggregate sales and trading performance measures.  Provide rich real-time alerts to sales people and traders when anomalies are detected.

ConsTrack

Status date: 12 December 2018

ConsTrack serves as a comprehensive construction site information service to the economic and financial sector, through an integrative satellite observation and satellite navigation solution and dedicated IT system.

Urban Space Series

Status date: 11 December 2018

The Urban Space Series is a real-time index of urban economic development. The product developed in common with ESA and QuantCube Technology is an IA platform for land characterization, specifically to detect urban city area, based on satellite images. The service monthly provides the shape of selected cities and useful metrics such as area and urban change detection.

Earthcube

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.

TELEKAIROS®

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.

CountFloors

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.

AMBROSIA

Status date: 14 August 2018

The ESA-Ambrosia food safety and traceability platform combines Blockchain technology, IoT, Satellite Earth Observation (SatEO) and GNSS Satellite Navigation to achieve maximum automation, security, and transparency of the food supply chains.

DFMS4i

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.

WaterInfo

Status date: 12 July 2018

Providing continuous updates on hydro reservoir filling levels by means of Earth Observation data & machine learning to improve power price forecasting, production planning and market analysis and energy trading.

AgeSpot Feasibility Study

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.

INSUTRAX

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.

TransparentForests

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.  

Improving the Efficiency of Loss Adjustment and Claims Management in the Insurance Industry

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.  

 

FLARE

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. 

VeriSpace

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.

SatFinAfrica

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. 

InsureApp Service

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