INSURANCE

Ports & Terminals

Actionable insights at the underwriting and claim stage

01 / PRE & POST EVENT ANALYSIS

Pre and Post Event Analysis

Assess the validity of potentially ‘in dispute’ claims, for example, oil spills.  Real-time monitoring will confirm location, track movements, weather conditions, etc., to better understand underlying claim circumstances. In addition, earth observation techniques can determine and apportion responsibility for environmental breaches etc.

Using satellite imagery, we provide pre/post-event analysis to assess the extent of damage, verify the accuracy of claims and identify potential fraud.

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 A typical snapshot of LA port in July 2021, shows containership congestion at the port.

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Pre and Post-hurricane Ida.Satellite and drone images of Phillips 66 Refinery Alliance – Belle Chasse.

02 / NATURAL CATASTROPHE

Natural Catastrophe Losses
Natural catastrophes, such as hurricanes and typhoons, can cause extensive damage and destruction to ports and terminals. Due to the scale of damage caused, it can often take many months to get an accurate estimate of the total cost of damage. Our Satellite Club solution quickly and accurately estimates the level of damage to residential properties in a region after a natural catastrophe.

03 / RISK AGGREGATION

Risk Aggregation
Track all fixed and mobile insurable assets on one platform.
Fixed and mobile assets tracked on one platform.
Durban port detail of toppled containers following flooding on April 14th, 2022

04 / UNDERWRITING

Assess Underwriting Risks
The Satellite Club helps insurers assess risks for ports and terminals more accurately and make more informed underwriting decisions. Custom reports combine satellite imagery with analytics to provide a unique view of a property and its proximity to potential hazards.

Find Out How Real World Can Benefit Your Organisation

Tell us the ports and terminals you write and we will walk you through the platform using sites you recognise.