Main uses for earth observation and satellite imaging , according to Mark Costello , Co-Founder & CEO of Taveo
Main uses for earth observation and satellite imaging , according to Mark Costello , Co-Founder & CEO of Taveo
• Agricultural Insurance : These technologies are invaluable for monitoring crop conditions , assessing damage from extreme weather events , and verifying insurance claims . They can provide data on soil moisture , vegetation health , and other critical parameters that impact crop yields .
• Property and Casualty Insurance : Aerial and satellite imaging can assess property values , structural integrity , and damages post-disaster , aiding in both risk analysis and loss assessment .
• Natural Catastrophe Insurance : Earth observation helps in monitoring and assessing risks associated with natural disasters like floods , wildfires , or hurricanes , enabling better risk modelling and faster claims processing post-event .
• Environmental Liability Insurance : Monitoring pollution , land use changes , or other environmental liabilities becomes feasible with these technologies .
• Marine and Aviation Insurance : Tracking assets and assessing risks or damages in remote or expansive areas like oceans and airspace benefit significantly from aerial and satellite imaging .