While civil engineering companies have been steady adopters of drone use for taking land surveys and making projects more streamlined with the post-production use of the collected data like 3-D maps, thermal maps, and orthomosaic maps, other industries like insurance have been evolving with its use as well – like insurance.
Insurance companies are finding the use of drones streamlines many aspects of their work. According to the FAA Aerospace Forecast, insurance is only representative of 4% of commercial drone use, but is expected to grow substantially. Drones offer several advantages to the insurance industry, which includes increased efficiency, quick turnaround time on data collection, keeping investigators safe from dangerous or precarious situations, and keeping costs down.
The global drone industry is estimated to reach $100 billion by 2020, according to Goldman Sachs. There are plenty of events to keep insurers busy since there is never a break from accidents, fraud, and seasons of natural disasters like hurricanes, flooding, and tornadoes. Drones can easily have hand in just about every aspect of the entire insurance process, including managing claims, making assessments, getting valuable data quickly, pre-insurance and continual risk monitoring.
Reducing Employee Hazards: Rather than send a claims adjuster to the roof of a building that may be structurally compromised, a drone can collect the data from the safety of the ground and make an orthomosaic map of the damage. This increases safety, efficiency, and highlights where repairs need to occur.
Aiding Risk Assessment: Is it time for an insured building to get a new roof? Send up the drone and see! A thermal/infrared equipped drone can easily detect leaks or holes in the structure, making it easier to address preventative maintenance, or aid in the decision to insure or not.
Forecasting and Streamlining Claims: Drones play a highly efficient role when it comes to handling claims in agriculture insurance. A drone is capable of providing accurate yields through volumetrics, and assess how much land can be used for crop growth. Some drones are capable of gathering information on upwards of 1,000 acres in a day. This means crop loss claims can be settled quicker due to less time on the field, saving time and money.
Post Disaster Inspections: When an area has been struck with a major disaster like a hurricane or flood, it is likely going to be difficult to access restricted areas to assess safety and damages. Not to mention, some buildings may be deemed unsafe to enter. Drones can go where people can (or should) not go in order to capture damages with close detail. Plus, since drones can cover more space in less time, fewer adjusters are required on site and can be handling business elsewhere.
Count on DroneAscent to handle your insurance inspection needs quickly and accurately. Call us at 773.668.4466 or fill out the contact form today!
– Lorrie Cozzens, VP Marketing Communications