Stratospheric, AI-enabled robotic cameras on balloons could help you get your insurance claim check faster [CNBC]
SWISS RE LTD S/ADR (SSREY)
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Source: CNBC
Space Labs is using Swifts to assess property risk, but by next year, they will be deployed to assess damage from climate-related disasters. The task for insurance adjusters is enormous in the wake of back to back hurricanes Helene and Milton, which caused catastrophic damage across several southern states. For decades, these adjusters have used the same methods to assess property damage after natural disasters. They visit individual properties and use small airplanes with high resolution cameras to view damage to roofs, structures and neighborhoods. The planes speed the process and help prioritize specific claims. New technology, however, using drones, artificial intelligence and weather balloons aims to modernize and accelerate that process. Near Space Labs, a Brooklyn, New York-based startup, invented “Swifts,” or stratospheric, AI-enabled robotic cameras that fly on weather balloons. Space Labs is using Swifts to assess property risk, but by next year, they will be deployed t
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