Description of business process
Selecting or rating perils for insurance purposes. Underwriting activities include (but not limited to):
Activities
Challenges
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Loss assessment is the process of measuring, reporting and validating potential crop losses that are covered by insurance policy. EO data can support different requirements in loss adjustment, depending on the type of insurance product (e.g. hail, drought, or MPCI coverage). EO data can provide loss experts with valuable information before their field visit, as well as support much higher precision during the actual loss assessment.