Airbus Aerial and Swiss Re Corporate Solutions have announced a collaboration that will help companies efficiently identify flood risks and more accurately predict weather-related flood damage. Under the collaboration, Swiss Re Corporate Solutions’ flood assessment tool, FLOAT, will be powered by Airbus Aerial’s drone imagery and data.
Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. The company’s service, FLOAT, is a cost-efficient way to help companies assess the flood risks of plants and other facilities. FLOAT uses unmanned aerial vehicles (UAVs) to capture highly accurate, location-specific elevation data. The collected data-set is transformed into a realistic visualization of the facility, including a precise interactive simulation that shows potential vulnerabilities and low-points. Swiss Re Corporate Solutions` highly experienced Risk Engineering Services team developed FLOAT by using their deep-rooted industry expertise that spans numerous lines of insurance, including Property.
Launched by global aerospace firm Airbus, Airbus Aerial is an aerial services business leveraging the best software and aerospace technology from across the Airbus enterprise to acquire, manage and share the data and information provided by drones, satellites, high altitude aircraft and other sources within a cloud-based suite.
“We are very excited to announce our collaboration with a global leader in the commercial insurance market, and to be able to offer this unique solution to Swiss Re Corporate Solutions’ clients around the world,” said Jesse Kallman, President of Airbus Aerial, from the company’s Atlanta headquarters.
“Aerial’s ability to deliver cutting-edge and reliable drone imagery and data makes them a perfect match for Swiss Re Corporate Solutions’ goal to help our clients protect their businesses. FLOAT is an innovative and cost-effective service that clearly shows clients where they are at risk for flood, so they can take steps to better protect themselves,” said Philip Brandl, Manager, Risk Engineering Services, EMEA at Swiss Re Corporate Solutions.