Earth-observing satellites can map natural phenomena such as floods and earthquakes, track hurricanes and monitor land subsidence across the globe. This information can be valuable to insurance companies for risk and damage assessment. Information obtained by satellite observations can save money and make the insurance industry more efficient.As the insurance industry confronts new challenges – like dealing with climate change – it is likely that Earth observation will become increasingly important to improve existing risk assessment processes. Satellite data can be used to create elevation models and map a given area’s proximity to rivers and other bodies of water to evaluate the flood potential. Read More
