Business insurance

RISK TECH ©

Aerial Drone Solutions

Drone technology is the first of our RiskTech® solutions that provides a safer, faster, and cost-effective way to acquire high-quality data. Our approach changes the game in terms of data interpretation, and its application as part of our GIS system to ensure that we identify risks and recommend controls that will reduce both the impact and likelihood of a risk.

Technology is redefining the way risks are assessed in both pre- and post-loss situations and drones are at the centre of this paradigm shift, as they can provide accurate and comprehensive assessments in almost any geographic environment and any type of disaster. Unlike traditional methods employed, our drone technology approach ensures millions of data points can be collected and evaluated in real time rendering High Definition (HD) images and 3D site models supported by friction and heat signature technology.

Another key benefit is that the drones are able to perform manoeuvres and identify risks from a perspective that would traditionally be out of range or difficult to reach with traditional methods. All of our operations are conducted on accordance with the Civil Aviation Authority requirements for commercial drone operations.

PRE- AND POST-LOSS BENEFITS

PRE-LOSS

Risk engineering and pricing – Aerial site assessments can identify property features (topographical mapping and thermal signatures of structures and process equipment), that allow the owner either to seek a reduced risk profile or to take appropriate actions to lower overall risk and justify premium discounts.

Natural disaster monitoring – Drones can be quickly and safely deployed to monitor areas threatened by natural disasters. Governments working with insurance companies can monitor a situation and alert local residents to potential danger.

POST-LOSS

Inspection – Drones can provide a safer, faster, and more cost-effective way to conduct a site inspection, particularly in challenging working conditions.

Risk assessment – Drones may allow insurers to engage a generalist, rather than a specialist, to perform field assessments and obtain high-quality visuals.

Claims adjudication – The precise photos that drones take can potentially improve the quality of the claims adjudication process.

Fraud prevention – The moment a property claim is reported (First Notice of Loss), a drone could be deployed to inspect the claims site, increasing information capture accuracy and timeliness.

Our risk engineers will assist your operational team with establishing priority based risk control recommendations, by interpreting and identifying problem areas in order to develop a distinct hazard profile that can be presented internally or as part of your annual insurance submission. Surveys that were traditionally performed using multiple teams of cross industry expertise and which often require major aerial support over many days, can now be completed cost-effectively through our RiskTech drone surveys. This also opens up risk identification opportunities to small and mid-cap organisations who, in the past, could not afford expensive interventions and who are not able to secure HD risk information at a fraction of the cost.

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