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Swiss Re Corporate Solutions Ltd., the commercial insurance arm of reinsurer Swiss Re Ltd., on Tuesday said its flood assessment tool FLOAT will be powered by drone imagery and data from Atlanta-based Airbus Aerial, a unit of aerospace giant Airbus Group.
FLOAT helps companies assess the flood risks of plants and other facilities, using drones to capture accurate, location-specific elevation data, Swiss Re said in a statement.
The collected data set is transformed into a realistic visualization of the facility, including an interactive simulation that shows potential vulnerabilities and low points, the statement said.
The collaboration will enable FLOAT customers to bring together data from drones, manned aircraft, satellites and combine it with analytics, asset inspection tools, site monitoring and reporting via Airbus Aerial’s cloud-based suite, according to the statement.
Swiss Re Ltd. and primary insurance partner Falls Lake Insurance Cos. have introduced Quake Assist, a parametric insurance product that aims to expedite and simplify payments to victims of earthquakes in California, Swiss Re said Friday.