Earth Observation Meeting Focuses on Risk Management

by | Mar 27, 2012

A WorldView-2 satellite image shows Rikuzentakata, Japan, a year after it was reduced to rubble by a tsunami. Information provided by such imagery can provide the insurance industry with a more accurate estimate of potential loss.

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.

Read the full story.


October Issue 2023