The Earth Observation Best Practice for Agro-Insurance (EO4I) project brings together both sectors to find out more about Agro-Insurance needs and inform agricultural insurers about current and future EO capabilities. Within this scope, three opportunities can be defined:
Opportunity 1: Currently available EO technology that is known to be suitable for addressing particular agricultural insurance requirements.
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- Product Development
- Product Sales
- Underwriting
- Loss Adjustment
- Claims Handling
The figure above shows a schematic representation of the best practice characteristics. The project enables the key users as well as the project team to rely on existing strategies, services definitions and allows the integration of existing knowledge and skills. However, it also enforces the design and development of new and improved functionalities, skills and strategies, which will lead to a sustainable success.
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