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26 October 2020Insurance

How satellite technology is transforming the re/insurance industry’s response to flood

A perennial challenge facing the re/insurance industry is how to assess the scope and damage of cat events such as hurricanes and floods in a timely and accurate manner. While insureds are often in urgent need of assistance, damage assessment can take weeks—which, in addition to being a problem for policyholders, causes financial uncertainty for insurers.

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