Image
Icon

Directory

IconAppraisers and Valuers
IconAssociations and Institutes
IconBBBEE Consulting and Verification Agencies
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDefensive Driver Training
IconEmergency Medical Rescue
IconForensic Investigation Services
IconInsurance Brokers - Alphabetical Listing
IconInsurance Brokers by Type of Product or Service Needed
IconInsurance Companies
IconInsurance Consultants
IconLightning Damage & Surge Protection Specialists
IconOmbud
IconOnline Quotes and Cover
IconPremium Financing
IconPublic Loss Adjustors
IconPublications
IconRating Agencies
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconTelephone Quotes
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
Advertise Here
  Subscribe To »

Indwe embraces drone technology to help improve risk management and optimise insurance

Published

2020

Wed

02

Sep

Using unmanned aerial vehicles (UAVs), or drones as they are more commonly known in insurance, is gaining momentum. Globally, 17% of commercial drones in operation are used to assist insurers and large organisations in not only better assessing risk exposure but also improving both risk control evaluation and operational efficiency.

 

To this end, Indwe Risk Services has recently introduced a risk management solution using drone technology. It is designed to help optimise insurance-related processes, speed up and reduce the cost of surveys for risk assessment, and improve the claims management process.

 

“Technology for its own sake means very little if there is no clear-cut business value associated to it. As such, Indwe believes that when used correctly, drone technology empowers insurers and large corporates with an innovative way of measuring and evaluating the effectiveness of controls,” says Claude Hamman, Head of the Specialised Risk Advisory at Indwe Risk Services.

 

From a risk assessment and pricing perspective, drones can conduct aerial assessments to identify property features not otherwise possible by people. This approach, combined with expert risk management advice, provides insurers with more insight into the operational risk exposures and ensures that companies are more accurately insured while also streamlining the underwriting pricing processes.

 

Using UAVs have the added benefit of creating safer working conditions for both operational employees and risk control surveyors who must sometimes overcome dangerous or difficult obstacles to do proper risk assessments.

 

“Just consider the advantages drones can provide during natural disasters, such as flooding and forest fires. Instead of sending people into these dangerous situations, drones can assess damage. Even better, drones can assist in monitoring and alerting residents to potential danger by helping predict the path of destruction,” he says.

 

Field staff are more productive when using drone technology. They can conduct surveys faster than before and can get more work done during the day to greatly enhance customer satisfaction.

 

“For example, gathering data by drone can replace time-consuming and often dangerous processes. This drone mapping for inspection and insurance enables organisations to safely and easily capture high-resolution aerial views of a site in minutes. Manned aircraft are prohibitively expensive, and the information captured is not of the same quality that a drone can provide.”

 

The combination of technology and risk management expertise have resulted in the natural evolution of Risk Management Technology (RiskTech®) which Indwe clients, insurance partners, and even its competitors have access to. RiskTech® is a cost-effective way of accessing a risk management solution like drone surveys without having to incur the capital expenditure, staff, and maintenance costs associated with in-house drone fleets.

 

“The frequency and severity of risk continues to increase, due to global and local driving forces. The effective use of technology, combined with expert analytics and advice, will allow organisations to move from detect and repair, to predict and prevent, as technology advances,” he says.

 
Source: Indwe Risk Services (Pty) Ltd
 
« Back to previous page Print this page » |
 

Breaking News »

Allianz appoints Head of Property for South Africa

Ronald Dodo-Tabaziva, currently Lead Property Underwriter is appointed Head of Property in South Africa. Robert Ter Morshuizen, who oversaw Property, Energy and Construction will focus on Energy and Construction ...
Read More »

  

Allianz once again named the world’s #1 insurance brand in Interbrand’s Best Global Brands Ranking

The ranking confirms Allianz’s growing brand strength and relevance in people’s lives Allianz’s resilience and focus on customer centricity is reflected in the success of the brand Munich, ...
Read More »

  

Creating an insurance strategy

Insurance, at its essence, is a source of finance to pay for losses, when they occur. In theory, the contributions of the many pay for the losses of the few. The risk transfer to an insurer is subject to conditions ...
Read More »

  

How to adjust your insurance to achieve optimal financial wellness

The last quarter of 2020 is in full swing and little did we know what an interesting and strange year it would be. Apart from the many ups and downs personally as well as financially, most of us had to make drastic ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Retirement »

Advertise Here
Image
Image
Image
Image
Advertise Here

From The Glossary »

Icon

Date Of Attachment Of Risk:

The date with effect from which an insurer accepts liability under an insurance policy. The starting point for calculating earned and unearned annual premiums. Also referred to as the policy inception date.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2020. All Rights Reserved.