Charles Blanchet: VP of Solutions, ICEYE: Your satellite will be with you shortly: Rapid flood loss assessment (128)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 7 March 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Using its own constellation of microsatellites, ICEYE is providing insurers with high-resolution, building-level flood depths around the world immediately after an event. VP of Solutions Charles Blanchet joins Matthew to discuss how the company is making satellite technology commercially viable, and how insurers are now able to provide rapid flood loss estimates and efficient claims settlements. Talking points include: How synthetic aperture radar can see through clouds Why the insurance division of this company has been engaged by leading insurers in only 12 months How aerial imagery is augmented with third-party data Parametric product solutions Making a complex offering easy to use Look out for ICEYE on our Live Chat panel on Thursday 1 April. The company will also be one of more than 60 featured in our forthcoming Location Intelligence report. Sign up to our newsletter for a fresh view on the world every Wednesday morning. If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. To claim 0.5 hours for this podcast, go to the Episode 128 page of the InsTech London website, or email [email protected].

Transcript

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0:00.0	If you deploy these satellites in a certain way, you can detect millimeter level changes in things.
0:07.0	Literally, we have proven that you can see a footprint in the snow, for example.
0:12.0	Well, here in the UK, the sun is shining and spring is most definitely on its way.
0:28.8	Matthew Grant here, partner at Instect London, your host for our podcast and most definitely
0:33.8	fair weather enthusiast. Well, thank you for joining us again and if it's your first time
0:38.2	delighted to have you. Now, aren't podcasts just great? I mean, what other kind of work can you do
0:43.8	whilst lying in the sun with your eyes closed? But please just don't fall asleep on me.
0:48.2	Now, this is an interview I've been looking forward to doing for over a year since I first heard
0:52.8	about Ice Eye and the miniature satellites
0:54.9	they've been sending into space. There's been a lot of focus on location intelligence
0:59.6	in the last few months here at INSTECH London as we put together our next deep dive reports into
1:05.8	the subjects of importance to insurance. I've been travelling around the world, well, from the comfort
1:10.4	of my home, talking to those companies that are been travelling around the world, well, from the comfort of my home,
1:11.5	talking to those companies that are building and using the data and technology to help insurers
1:16.1	learn more about what it is that they are actually insuring. And we've been joined by some great
1:21.7	new corporate members along the way. Now of course it's not just about understanding about
1:26.6	properties at the point of underwriting.
1:28.7	It's very important for insurers to also be able to measure the extent of a loss quickly after an
1:33.7	event that has happened. Charles Blanchet from Isai is going to explain in a minute how the company
1:39.0	is able to offer a rapid assessment of flood losses anywhere in the world and why they've been able to sign
1:45.2	up with some leading insurers only a few months after being founded. Now look out for our
1:50.1	location intelligence report. It's going to be released on the 1st of April and you also have
	...

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