The European Space Agency is the largest source of Earth observation data. In cooperation with SAP and its SAP HANA platform, businesses and organizations like the insurance group Munich Re can pursue completely new business scenarios for their customers.
Every year, wildfires destroy nature, homes, business buildings, and other infrastructure, while displacing thousands of people. While the path of a fire is hard to predict, variables like the weather, vegetation, and biomass can influence the progress of the fire and the coordination of onsite action forces. This is where satellite data can help. The international insurance group, Munich Re, is currently leveraging geospatial satellite data to more accurately calculate costs and risks related to wildfires – and even predict where and how a wildfire may strike.
Munich Re is currently leveraging geospatial satellite data to more accurately calculate costs and risks related to wildfires
But wildfires are only one area where Munich Re hopes to get a handle on future natural disasters. Geospatial processing in the cloud from SAP helps the company manage risk from earthquakes, storms, floods, and other natural disasters. Analyzing data sets from actual physical sources on the ground, Munich Re can instantly calculate risk by location and even type of business, and help prevent fraud.
In close partnership with the European Space Agency (ESA), SAP is combining the power of the SAP HANA Cloud Platform with ESA’s accurate, timely, and easily accessible Earth observation information, in particular Copernicus data.