Insurance

Enabling carriers and reinsurers to seamlessly integrate geospatial data into their decision making

Streamlined Data and Analytics

The Next Geospatial Digital Transformation in the Insurance Industry

The insurance industry is experiencing a surge in growth opportunities as new ways of integrating geospatial data into underwriting and claims processing are increasing efficiency, faster payouts, and better customer service.

Today’s most well known and widely used legacy insurance solutions were founded in the 1970s and 1980s; they pioneered the first digital transformation in insurance with digital databases in the 1990s.

The current, second wave of geospatial transformation is marked by breakthroughs in AI, machine learning, and the commercial space industry. Descartes Labs' solutions integrate massive amounts of geospatial data through robust ingest pipelines that make working with complex data faster and easier than ever before. Insurance carriers are armed with the latest, most accurate information for better decision-making.

Talk to us

Easy to access, easy to use geospatial data

Property

Flooding

Climate

Wildfire

Imagery

Weather

Terrain

and more...

Discover Ascend, a visualization engine built for insurers

Putting geospatial insights directly to the hands of insurers

Learn More

Making Spatial Data Useful

Challenges

Barrier to Entry

There is an overwhelming amount of geospatial data and it requires unique expertise to be usable.

Legacy Systems

Data is advancing faster than insurance carriers can consume it due to a reliance on legacy systems.

Long Wait Times

Insurance carriers experience long wait times to access post-catastrophe data.

Multiple Contracts

Insurance carriers hold many contracts with many providers for underwriting and claims data.

Coverage Gaps

Insurance carriers experience coverage gaps and lack of granularity for underwriting data.

Poor Location Accuracy

Carriers’ property location data is often inaccurate making geospatial analysis difficult.

Solutions

Market Knowledge

We work with many providers and leverage state-of-the-art machine learning to recommend different solutions based on a carrier's unique needs.

Modern Technology for New Geospatial Data

Our tech stack enables us to work with a wide variety of modern data sources and formats.

Faster Data Access

We provide insurance carriers with empirical post-catastrophe data within 24-48 hours after data collection.

One Contract

We handle the data acquisition process to flow data from multiple sources, so carriers only need to handle a single contract—with us.

Full Coverage for Underwriting Data

We address data gaps and provide insurance carriers with the necessary data to make more informed underwriting and claims decisions.

Improved Location Accuracy

Geolocation services increase the location accuracy of a carrier's assets by at least 50%.

Industry Challenges

Industry Solutions