Tokio Marine to use satellites to assess flood damage

Japanese property/casualty insurer Tokio Marine & Nichido Fire Insurance Co. Ltd. plans to use satellite images to assess flood damage to speed up compensation payouts, NHK reported. The satellite is a joint venture between a US firm, Tokio Marine and other businesses, and is expected to be launched within November. Tokio Marine will analyze the images sent by the satellite via artificial intelligence, which will automatically calculate flood depths.

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