Financial Services
Estimating and managing risks is an important consideration for financial institutions with regard to many products and services. Before a mortgage or insurance is concluded, a risk analysis is undertaken or a valuation report is assessed in order to evaluate the risks. The evaluation and analysis of these risks costs a great deal of time because the survey is undertaken onsite.
Cycloramas offer visual support for the analysis and management of these risks. Retrieving an image of the object and the surrounding area directly from the computer allows surveys to be organised more efficiently. Conversely, viewing a Cyclorama may provide the precise reason why a survey needs to be undertaken.
Financial Services uses
Cycloramas are used in several ways by different departments. Amongst other things, they are retrieved to:
- support a valuation, re-insurance and risk accumulation. The customer gains better understanding of and substantiation of the premium;
- provide improved advanced evaluation of the risks for the purposes of insurance application acceptance and determination of premium;
- provide improved decision-making regarding surveys - Cycloramas are an effective selection resource for the deployment and preparation of surveys;
- deal with cases more quickly – with clarity about a situation it is possible to reduce the procedure time. In the event of traffic damage it is possible to estimate the road situation so that the reported facts can be checked and uncover fraud;
- improve communication about the object or the situation in order to avoid misunderstandings, because an image of this object or situation is available immediately.
Benefits
The added value of Cycloramas when dealing with the above task is:
- accurate measurement of distances, areas and volumes in the images. The measured data and the images can be used for formulating the case;
- projection of data into images, as a result of which the risks and the accumulation are understood better;
- integration of Cycloramas with your own software applications, as a result of which it is possible to work more effectively and with greater cost efficiency.
More Information
If you would like more information about our products and their applications, please contact us.
