SatSense can alert insurance companies to areas and individual properties at increased risk of subsidence. This information can be used to investigate further where necessary, and to adjust risk models or premiums accordingly.
Recent changes in our global climate have created concerns for property owners over both the risk of flooding and subsidence. Whilst there is significant data available for insurers to assess the risk of flooding, there has been little data available for subsidence.
Using SatSense technology, insurers will now have access to actual historical ground movement data, which in turn will allow them to assess the risk at a property level and adjust their premiums accordingly.