When Mike Fitzgerald, the principal insurance analyst for CB Insights, talks about geospatial technology and its applications in property/casualty insurance, he finds it challenging to restrain his enthusiasm about the subject.
“I really do view this as the next big thing—on the order of the Internet, on the order of mobile phones,” said Fitzgerald who is the guest editor for the content of this edition that is devoted to the current and potential uses of geospatial information systems in insurance.
Fitzgerald connected with representatives of all corners of the P/C insurance industry to describe ways in which insurers can access data from cameras and sensors positioned aboard satellites, drones and manned airplanes, store the information in the cloud, and use artificial intelligence to apply what sensors capture to the business problems of insurance.
Other highlights of this edition include an investigation of why founders leave InsurTechs, and profiles of InsurTechs Vouch and Shepherd, who are innovating commercial underwriting for their target markets.
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