Description
Enhance prediction of natural disaster insurance risk and adjust premiums (with mapping and AI)
Technology & data
*** check categry and function
Key considerations
Upside3
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Editor: sdg
Use CaseFinancial Services / Insurance
Enhance prediction of natural disaster insurance risk and adjust premiums (with mapping and AI)
Use geo-data gathered from multiple image sources (satellites, drones, etc.) and use machine learning to assess potential flood risk on an individual building basis. AI enables frequent model updates based on new risk assessments as they occur.
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Risk reduction
Risk reduction - Evaluate counter-party risk (eg credit scores)