Asian Surveying & Mapping
Breaking News
Swift Navigation and SK Telecom Partner to Accelerate the Deployment of AI-Powered Location-Based Products in Korea
SAN FRANCISCO - Swift Navigation (“Swift”), a market leader...
Esri India Achieves 1 Million Users Milestone
Esri India, the leading provider of Geographic Information System...
Bank Negara, Malaysian Space Agency to bolster financial management ecosystem via space technology
KUALA LUMPUR: Bank Negara Malaysia has partnered with the...
Nepal’s president advisor resigns after criticising inclusion of Indian areas in map on new currency
The economic advisor to Nepal’s president on Sunday (May...
TASA to launch six satellites from 2026
The Taiwan Space Agency (TASA) yesterday said it plans...
Japan to provide flood risk maps for four South-East Asian countries – Indonesia, Vietnam, Thailand and Cambodia
JAKARTA/TOKYO: Japan plans to start providing flood risk maps...
Ecolab and ITE partners to harness water management knowledge for Singapore data center engineers
SINGAPORE, 29 APRIL 2024 – Nalco Water, an Ecolab...
NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding
NASA released photos of parts of Dubai and Abu...
Singapore releases 10-year Geospatial Master Plan
Singapore has launched its new Geospatial Master Plan (2024–33),...
Japan announces plans to launch upgraded observation satellites on new flagship rocket’s 3rd flight
TOKYO (AP) — Japan’s space agency announced Friday a...

September 28th, 2020
Index Insurance Powered by Geospatial Intelligence

London – Toulouse – Skyline Partners and Gisaïa announce their strategic partnership and the launch of Insdex, Skyline’s index insurance technology, starting with Insdex Solar.

Insdex Solar is a unique index insurance solution by Skyline for renewable solar energy, powered by Gisaïa’s geospatial solution ARLAS that will bring a unique risk transfer and management platform for clients to explore, monitor and insure the lack of solar radiation.

The same data used to pay claims will be used to monitor their risks in full transparency for customers and risk carriers.

Combined with fast and guaranteed payout, Insdex Solar will support project developers and green investors in securing better funding terms and help them to manage their risk appetite.

“Gisaïa’s expertise in geospatial big data exploration has been proven in the high-tech space industry. Their ability to deliver high-quality geospatial visualisation is unprecedented in the insurance industry. We are very excited to partner with them and bring this unique value proposition. Our shared focus on innovation, technology and data cement this partnership for the long term.” Laurent Sabatié and Gethin Jones, Skyline Partners Co-Founders and Directors.

“Skyline Partners have unique expertise and experience in parametric insurance underwriting. Skyline’s ability to keep up with innovative trends and even become early adopters aligns with our quest to explore new spaces to deploy our ARLAS® framework. We are thrilled to find a partner who shares in our push for excellence and positive customer experiences” Laurent Dezou and Sylvain Gaudan, Gisaïa Co-Founders and Directors.

Index-based insurance, whilst already a well-known mechanism, has been slow to emerge as an established risk transfer option by risk carriers and customers. It is starting to change and index insurance is now accelerating to complement traditional programmes, in markets where cover gaps or exclusions exist, or conditions are tightening.

With Insdex, Skyline aims at facilitating and spreading the use of index insurance, as an efficient and transparent means of risk transfer with fast and guaranteed access to cash at the occurrence of adverse events.

New Insdex upgrades will soon be released, to accompany existing Skyline index solutions for renewable wind energy, agriculture and natural catastrophes. In addition, Skyline has also developed a beta version of Insdex index insurance technology for distributors and risk carriers, that integrates the same visualisation capabilities, but also index risk modelling, large scale pricing and payout trigger notifications.

By combining Skyline’s index modelling capabilities with Gisaïa’s big data geospatial expertise, the partnership will create a powerful and unprecedented proposition for the insurance industry. It will bring significant value to customers, brokers and carriers to help them comprehend, manage and transfer risks, in line with their specific needs.

Contact Skyline to discuss index-based insurance: [email protected]

Additional Resources:

Follow Skyline Partners and Gisaïa for updates of the joint venture:

Follow Skyline Partners on Twitter, LinkedIn

Follow Gisaïa on Twitter, LinkedIn

About Skyline Partners

Skyline Partners is a private-equity funded UK insurtech company, focusing solely on index-based parametric insurance. Our solutions are data & technology-driven and underwritten by top tier international re/insurers with superior ratings. Skyline has developed its own index insurance technology platform Insdex and aggregates high-value data from multiple sources. Our initial focus is on Renewable Energy, Agriculture and Natural Catastrophes, but our ambition is to develop index solutions for all classes and segments. For more information on our vision and solutions, visit www.skyline.partners

 

About Gisaia

Gisaïa is an expert in geospatial intelligence with experience in facilitating rapid deployment of technology solutions for deeper geospatial-big data analysis. Our ARLAS ® framework is built to serve efficiently: every function is developed to not only support the ease of operations but also, deliver expected results. We have tried and tested the potential of ARLAS ® framework’s versatility on diverse use-cases, with great results. For more information about Gisaia visit: www.gisaia.com and ARLAS: www.arlas.io