business applications

Finance, Investment & Insurance

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

WaterInfo is using Earth Observation satellite data to provide value to the energy sector.

AgeSpot

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.

FAMOS

Status date: 08 August 2017

The objective of the FAMOS project is to improve the claim management, loss adjustment and sales capabilities for forest and agriculture damage insurances. The service also covers the needs of additional stakeholders from the forest domain. Combining earth observation, IT technology and GNSS, the service supports target users by improving the efficiency of existing business processes. 

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. 

InsureApp Service

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.

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