Insurance

Improve and accelerate the underwriting process

All insurance requests which are received by Insurers must be assessed as well as possible. Underwriters decide if an insurance request will be accepted or refused on the basis of the CycloMedia imagery, or if further investigation by an inspector on site must take place. It is important to be able to provisionally accept new insurance requests with a sufficiently adequate basis of up-to-date imagery.

Insurance

With CycloMedia's up-to-date imagery, a request can be evaluated online in a fast and efficient manner. Properties and their environment can be viewed online, which allows for a better and more precise assessment of the request. The underwriting department can draw up an offer and corresponding conditions, based on a virtual inspection. Street photographs, aerial photographs, and oblique photographs can all be used for this.

"We can not possibly visit all insured companies. Smaller, less risk-sensitive companies we can often assess online making use of CycloMedia's imagery."

Delta Lloyd Group
"We can not possibly visit all insured companies. Smaller, less risk-sensitive companies we can often assess online making use of CycloMedia's imagery."

Previously, only requests above a certain value were inspected on location. Now, an important part can be dealt with online, and many more virtual inspections can be carried out. Furthermore, it is simpler to determine which requests require an on-site inspection. This reduces the costs and the risk of the insurer.

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