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VAE > News

Insurance industry workshop on Earth Observation

EO is not as widely used in the Insurance sector as in other sectors like Oil and Gas, but several factors indicate this might change in the coming years. More frequent extreme weather events is putting new requirements on the insurance industry in terms of pre- and post-event preparedness, and this is where the steadily increasing spatial and temporal coverage of satellite data could play an important role. With this prospect, ESA brought together specialist companies providing EO-based services and leading players from the Insurance industry to better understand current and evolving information requirements. For EO service industry, the growing potential of EO within the Insurance sector represents an opportunity to expand commercial business. Capitalizing on the benefits of this opportunity will depend on the EO service providers better understanding the requirements of the Insurance users and in doing so better communicating the range of products and services available to key decision makers within the industry. Read more here