dcsimg
Not if, but how
Remote industries
©mauritius images / Masterfile

Remote Industries

Streamline the property claims process after a natural catastrophe and help your homeowners recover faster.

Catastrophic natural events continue to increase in frequency and severity. They turn homeowners’ lives upside-down before, during, and after the event. Insurers struggle to manage a large influx of claims and frustrated policyholders. Now there is a claims management solution that speeds the process of recovery for everyone.

Remote Industries – next-generation hurricane claims management

Munich Re’s Remote Industries hurricane tool suite uses advanced technologies to help insurers better manage the claims process – and be more responsive to homeowners. 

High-resolution aerial imagery, remote sensing, Artificial Intelligence (AI), and machine learning help improve risk and damage assessment, accelerate response time, and deliver an exceptional customer experience.

Detailed information about each property is available before, during and after an event. Heat maps and damage assessment reports are provided via a simple web tool or API. 

Take your natural disaster claims management to the next level.

For more information, contact us.

The Remote Industries hurricane tool suite offers many advantages to both homeowners and insurers.

 

Early damage prediction and updates

  • Property-specific loss prediction four days before landfall; receive total expected exposure, projected loss, and an estimate of adjusters needed
  • Pro-actively contact homeowners to offer ways to help mitigate damage
  • Updates provided daily, as early as one day after event

Please note that four-day time period may vary due to weather conditions.

 

Advanced damage detection

  • Property specific roof damage reports four days after landfall
  • Roof damage classification from "no roof damage" to "major structural damage"; ability to triage claims accordingly

Please note that four-day time period may vary due to weather conditions.

 

Improved claims management

  • Detect damages before First Notice of Loss
  • Manage claims resources more efficiently and reduce loss adjustment expense
  • Review simple claims using the video inspect ion tool for non-roof damage
 

Post hurricane repair identification

  • Get visual confirmation of repair status six months after hurricane
  • Gauge repair status via aerial imagery
  • Assist in policy renewal decision based upon data collected (roof age, material detection)

Take your natural disaster claims management to the next level.

For more information, contact us.

How the Remote Industries hurricane tool suite works

Weather patterns © Munich Re

WEATHER PATTERNS
Advanced weather models are applied to a deep learning model developed at Munich Re´s Innovation Lab. These models are then run against an insurer’s property portfolio to predict how the impending hurricane may impact properties in an area that is likely to be affected. (For example, all policies in the Florida Panhandle, if the hurricane was predicted to make landfall there.)
Aerial imagery © Munich Re
AERIAL IMAGERY
Shortly after a hurricane, aerial images are collected via aircraft, allowing high resolution images to be generated over very large areas.
Deep Data © polygraphus
DEEP DATA
Hundreds of property and weather data points are sourced for each location, ensuring accuracy in pre-event hurricane damage predictions and post-event hurricane damage detection.

Take your natural disaster claims management to the next level.

For more information, contact us.

The material presented here reflects projections based on assumptions and forecasts, and is intended for information purposes only. It is not intended to be legal, underwriting, financial or any other type of professional advice and the recipient should consult with its own counsel or other advisors to verify the accuracy and completeness of any information used and to determine its applicability to the recipient’s particular circumstances. The Remote Industries product and service is offered by Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft (“Munich Re”). Remote Industries is provided by MR Service GmbH which is a wholly owned subsidiary of Munich Re. Neither Munich Re nor Munich Reinsurance America, Inc. (collectively, the “Companies”), or any of the Companies’ respective affiliates, makes any warranty, representation or guarantee, expressed or implied, in this material regarding the product or service and the suitability of the product and service for the recipients’ particular purpose. The Companies disclaim any and all liability whatsoever resulting from use of or reliance upon this material.

 Munich Re is a reinsurance company organized under the laws of Germany. In some countries, including in the United States, Munich Re holds the status of an unauthorized reinsurer. Policies are underwritten by Munich Re or its affiliated insurance and reinsurance subsidiaries. Certain coverages are not available in all jurisdictions.

Munich Re is a reinsurance company organized under the laws of Germany. In some countries, including in the United States, Munich Re holds the status of an unauthorized reinsurer. Policies are underwritten by Munich Re or its affiliated insurance and reinsurance subsidiaries. Certain coverages are not available in all jurisdictions.

Munich Re Experts
 Roman Bügler
Roman Bügler
Co-lead Remote Industries
Thilo Horner
Senior Project Manager
Print

We use cookies to improve your browsing experience and help us to improve our website.

By continuing to use our websites, you consent to the use of cookies. Please see our cookie policy for more information on cookies and information on how you can change your browser's settings.
You can disable cookies, however please note that disabling, deleting or disallowing cookies will affect your web experience.