Insurance and Asset Management
Risk and resilience
Risk and resilience are common themes for public authorities, insurance companies and commercial enterprises alike – with a focus on the ability to assess, plan, mitigate impacts and share costs relating to expected and unexpected events. Faced with a worldwide increase in natural disasters and the intensification of their impact on people, the economy and property, and thus on insured property and items, the insurance industry must continuously respond to new challenges. During an event, the insurance industry needs to rapidly assess damage and costs. Beforehand, information is required on risk exposure and what is at stake in given areas. And there is plenty at stake: the 2011 flood in Thailand cost the insurance industry around $12 billion – the most expensive flood ever in terms of insured losses.
GAF provides answers
Space resources can ensure worldwide daily coverage, including of the most inaccessible zones, at high resolutions. Commercial high resolution and multi-spectral satellite systems now deliver an unprecedented volume of Earth observation data in very short timescales after acquisition. This data can provide an overview of an event and also more details of specific areas that are of critical importance. Thanks to high coverage frequencies, it is also possible to monitor the development of events.
GAF applies its internationally acknowledged expertise in order to contribute, in partnership with space data providers, to the rapid production of geo-information - information that improves and accelerates impact evaluation after an event, and which is also key for assessing risk and vulnerability, measuring exposure and forecasting the financial consequences of various hazards. With 30 years of practical experience, we understand the role of geo-information in
- Pre-event risk analysis
- Post event evaluation and damage assessment
- Tools and services for data handling, archiving, dissemination and processing
Mapping, Monitoring and Management
Society, companies and also individual citizens rely on the integrity of assets, such as urban and transport infrastructure (roads, railways, pipelines and airports), industrial facilities and plants, reservoirs, damns and oil platforms, to name just a few.
The proper operation and management of these assets benefits from the increased accuracy in planning, decision making and efficiency that Earth observation data combined with latest GIS technologies can offer. GAF delivers top quality information, services and solutions for public works, industrial infrastructure, and the insurers, owners and operators of utility assets. All these are designed to cater for customer requirements and are delivered using the specialised skills and experienced staff available in-house.
Addressing new markets - emergency mapping service
In order to maintain worldwide competitiveness, global insurers are increasingly looking at the potential and needs of new markets in emerging countries. Accurate and up-to-date geo-information is crucial but often lacking in such cases. The monitoring of areas of investment (i.e. forestry or agricultural development) is also becoming ever more important. In this context, GAF offers its proven Earth observation based solutions for rapid mapping and monitoring using high and very high resolution satellite data - anywhere on the planet. Since 2012 we operate our rapid mapping service, which is accessible around the clock and ready for immediate response.
Product and Service Portfolio - Insurance
We offer support for pre-disaster management and post disaster assessment for primary insurers and reinsurers. This includes risk mapping, monitoring and assessment, asset exposure and vulnerability, loss and damage assessment, and claims management for
- Environmental risks / disasters (floods, storms, hurricanes, subsidence, landslides, volcanoes, earthquakes, droughts, tsunamis, coastal erosion, sea-surges, beetle infestations, forest fires…)
- Industrial accidents and disasters
- Climate variability (extreme weather events) and climate risk
Product and Service Portfolio - Asset Management
We offer a complete portfolio of mapping and monitoring solutions for public works, industrial infrastructure and the insurers, owners and operators of utility assets
- Risk, exposure and damage maps
- Land deformation monitoring
- Slope, building and infrastructure stability monitoring
- 3D visualisation
- GIS analysis and GIS-compatible databases