The workshop was co-organized by the European Space Agency (ESA), the European Association of Remote Sensing Companies, reinsurer Swiss Re and insurance brokers Willis and Lloyds.
Earth observation information can be used by insurers and reinsurers to enhance existing risk assessment processes, said Fiona Shaw, executive director of Willis Analytics in London. Better understanding of risk contributes to a resilient and sustainable business.
The workshop identified a series of measures that can be taken within the insurance industry and Earth observation service providers to consolidate and expand the use of remote sensing across the sector.
Image Courtesy of DigitalGlobe.