For both new and existing insurance policies, it is of great importance to carefully map all risks, in order to have a good insight into the total financial risk within the insured portfolio at all times. Specific risks can be properly assessed with the CycloMedia imagery. For this, think for instance about fire risk, state of repair, and environmental risks.
With the insight we obtain from the CycloMedia countrywide imagery database, the insured risks within the portfolio can be assessed better, and the claim charges can potentially be reduced on the basis of a better risk distribution. The number of location visits required is reduced, which results in lower inspection costs. Furthermore, inspectors use the imagery to better prepare for a site visit. The historical images allows them to 'look back in time' and to assess the earlier state of repair.