Mapping risk is one way to bring down the cost of insurance. Geospatial technology is playing an ever-greater role in providing insurance companies with real-time location intelligence.
A silent revolution of smaller satellites, cheaper launches and innovation in communications technology has paved the way for Geollect to utilise image exploitation and geospatial analysis, alongside unique real-time data aggregation tools, to provide actionable and affordable location-based intelligence to a growing ecosystem of industries and businesses. The detail provided in New Space technology provides far greater granularity to both visualise and contextualise risk.
So how do insurance companies use location intelligence?
Location intelligence provides underwriters with real-time data faster and with far greater clarity and accuracy. Geollect analysts embed themselves within insurance companies to produce bespoke insurance risk assessments, based on a holistic approach to data collection and analysis.
Geospatial intelligence is transforming historic and real-time data to deliver new insights on global events, activity and trends. Insurers carry extensive risk and require detailed and accurate location intelligence in order to lessen risk and offer competitive premiums to target markets.