Cyclomedia imagery data provides the necessary visual support for risk analysis. You have a direct view of the object and its surroundings, so inspection visits only take place when they are absolutely necessary.
A risk assessment takes place before a mortgage or insurance contract is entered into. Or a valuation report is assessed for risk inventory. A risk analysis with Cyclomedia visual material gives the customer more insight and you can make better decisions yourself.
Insight in policies and total portfolio risks
For both new and existing insurances it’s necessary to properly map out all risks to have insights into the total financial risk within the insured portfolio at all times. Cyclomedia visual material means that specific risks can be properly assessed. This includes fire risk, state of repair and environmental risks. Risk insight makes an important contribution to the Solvency II obligations.
The insights we obtain from the Cyclomedia countrywide imagery database mean that the insured risks within the portfolio can be properly assessed. Claim charges can potentially be reduced on the basis of better risk distribution. Also, the number of location visits required is drastically reduced, resulting in lower inspection costs. Furthermore, inspectors can use the imagery to better prepare for a site visit. The historical images allow them to “look back in time” and to assess the earlier state of repair.
Improve and accelerate the underwriting process
All insurance requests received by insurers must be assessed on the basis of correctness and probability. Underwriters decide if an insurance request will be accepted or refused on the basis of the Cyclomedia imagery. Or decide if further investigation by an inspector on site is necessary. It’s important to be able to provisionally accept new insurance requests on the basis of new pictures.
Cyclomedia up-to-date imagery mean that a request can be evaluated online in a quick 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 this virtual inspection.Find out more, contact us