The potential and uptake of remote sensing in insurance: A review

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cg.contributor.crpDryland Systems
cg.contributor.crpWater, Land and Ecosystems
cg.creator.identifierJan de Leeuw: 0000-0002-2005-4351en
cg.creator.identifierChandrashekhar Biradar: 0000-0002-9532-9452en
cg.creator.identifierApurba Shee: 0000-0002-1836-9637en
cg.identifier.doihttps://doi.org/10.3390/rs61110888en
cg.identifier.wlethemeManaging Resource Variability and Competing Useen
cg.isijournalISI Journalen
cg.issn2072-4292en
cg.issue11en
cg.journalRemote Sensingen
cg.reviewStatusPeer Reviewen
cg.subject.ilriRANGELANDSen
cg.subject.ilriAGRICULTUREen
cg.subject.ilriINSURANCEen
cg.volume6en
dc.contributor.authorLeeuw, Jan deen
dc.contributor.authorVrieling, A.en
dc.contributor.authorShee, Apurbaen
dc.contributor.authorAtzberger, Clementen
dc.contributor.authorHadgu, K.M.en
dc.contributor.authorBiradar, Chandrashekhar M.en
dc.contributor.authorKeah, H.en
dc.contributor.authorTurvey, C.G.en
dc.date.accessioned2014-11-24T08:26:37Zen
dc.date.available2014-11-24T08:26:37Zen
dc.identifier.urihttps://hdl.handle.net/10568/51623
dc.titleThe potential and uptake of remote sensing in insurance: A reviewen
dcterms.abstractGlobal insurance markets are vast and diverse, and may offer many opportunities for remote sensing. To date, however, few operational applications of remote sensing for insurance exist. Papers claiming potential application of remote sensing typically stress the technical possibilities, without considering its contribution to customer value for the insured or to the profitability of the insurance industry. Based on a systematic search of available literature, this review investigates the potential and actual support of remote sensing to the insurance industry. The review reveals that research on remote sensing in classical claim-based insurance described in the literature revolve around crop damage and flood and fire risk assessment. Surprisingly, the use of remote sensing in claim-based insurance appears to be instigated by government rather than the insurance industry. In contrast, insurance companies are offering various index insurance products that are based on remote sensing. For example, remotely sensed index insurance for rangelands and livestock are operational, while various applications in crop index insurance are being considered or under development. The paper discusses these differences and concludes that there is particular scope for application of remote sensing by the insurance industry in index insurance because (1) indices can be constructed that correlate well with what is insured; (2) these indices can be delivered at low cost; and (3) it opens up new markets that are not served by claim-based insurance. The paper finally suggests that limited adoption of remote sensing in insurance results from a lack of mutual understanding and calls for greater cooperation between the insurance industry and the remote sensing community.en
dcterms.accessRightsOpen Access
dcterms.audienceScientistsen
dcterms.available2014-11-07en
dcterms.bibliographicCitationLeeuw, J. de, Vrieling, A., Shee, A., Atzberger, C., Hadgu, K.M., Biradar, C.M., Keah, H. and Turvey, C. 2014. The potential and uptake of remote sensing in insurance: A review. Remote Sensing 6(11):10888-10912.en
dcterms.extentp. 10888-10912en
dcterms.issued2014-11-15en
dcterms.languageen
dcterms.licenseCC-BY-4.0
dcterms.publisherMDPIen
dcterms.subjectagricultureen
dcterms.typeJournal Article

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