Advanced geospatial data will provide high resolution aerial imagery to insurers, better serving members with enhanced underwriting tools and rapid post-disaster imagery of areas impacted by natural catastrophes
Melbourne – 2 April 2019 – The Geospatial Intelligence Centre (GIC), a U.S.-based insurance industry consortium, announced today its program launch into Australia and New Zealand. The GIC will now bring its location intelligence solutions to insurers across both countries.
This program will provide insurance companies with access to one of the most advanced aerial imaging libraries and geospatial data available today. With this intelligence, insurers can expedite claims processing through rapid, remote post-disaster property assessments, gain actionable insight into property risks and conditions with up-to-date digital maps, and streamline underwriting and fraud operations.
“After seeing tremendous success in the United States, we are thrilled to bring this innovative approach to underwriting, disaster response, and claims management to insurers across Australia,” said Ryan Bank, managing director of the Geospatial Intelligence Centre. “The GIC was forged during the costliest disasters in recent years. Using a combination of technology, a strong network of aviation flyers and the highest quality imagery in the world, we are setting out to transform the way insurers manage and expedite everyday claims and respond to disasters - helping everyday people live better lives.”
The GIC will begin its launch into Australia and New Zealand with the collection of ultra-high resolution imagery of the 12 largest metropolitan areas, which totals 23,000 sq. kilometers. This includes 45-degree oblique images that provide a 360 degree view of any property. This imagery will enable insurers to keep up with changes in policyholders’ properties through remote assessments, ultimately saving both time and money spent on site inspections.
Through its disaster response program, the GIC fleet of aircraft will fly over impacted areas to capture high-resolution imagery and data of damage following major catastrophes. Post-disaster imagery is published to the GIC Web Map Portal where insurers can search for properties by location, visualize property damage, make before and after event comparisons, and take measurements for claims adjustments. GIC members also have direct data access via multiple APIs for integrating into any other app or workflow.
The GIC combines Vexcel Imaging’s technical expertise with its industry-leading UltraCam aerial camera technology and UltraMap data processing software as well as its vast experience managing large-scale aerial imagery programs across the globe, and Esri, the global market leader in GIS, to provide the tools and analytics to help insurers make fast, accurate and cost-efficient decisions when writing a policy and when dealing with claims following a disaster.
The GIC will debut its solution for the first time at Locate 2019 at the Melbourne Convention & Exhibition Centre from 8 – 10 April. Stop by booth number 18 to learn more.
About Geospatial Intelligence Centre
The Geospatial Intelligence Centre’s mission is to provide the most comprehensive, precise, and up-to-date geospatial information to insurers. This insurance industry consortium delivers geospatial imagery and analytics, leading to more informed underwriting, better claims decisions, reducing fraud and delivering faster catastrophe response.