Index Insurance - Geospatial Intelligence.
INSDEX POWERED BY ARLAS.
21 September 2020, Media Release
London – Toulouse: 21 September 2020 – Skyline Partners and Gisaïa announce their strategic partnership and the launch of, Skyline’s index insurance technology, starting with Solar.
Solar is a unique index insurance solution by Skyline for renewable solar energy, powered by Gisaïa’s geospatial solution ARLAS that will bring a unique risk transfer and management platform for clients to explore, monitor and insure the lack of solar radiation.
The same data used to pay claims will be used to monitor their risks in full transparency for customers and risk carriers.
Combined with faster and guaranteed payouts, Solar will support project developers and green investors in securing better funding terms and help them manage their risk appetite.
“Gisaïa’s expertise in geospatial big data exploration has been proven in the high-tech space industry. Their ability to deliver high quality geospatial visualisation is unprecedented in the insurance industry. We are very excited to partner with them and bring this unique value proposition. Our shared focus on innovation, technology and data cement this partnership for the long term.” Laurent Sabatié and Gethin Jones, Skyline Partners Co-Founders and Directors.
“Skyline Partners have unique expertise and experience in parametric insurance underwriting. Skyline’s ability to keep up with innovative trends and even become early adopters aligns with our quest to explore new spaces to deploy our ARLAS® framework. We are thrilled to find a partner who shares in our push for excellence and positive customer experiences” Laurent Dezou and Sylvain Gaudan, Gisaïa Co-founders and Directors.
Index-based insurance, whilst already a well-known mechanism, has been slow to emerge as an established risk transfer option by risk carriers and customers. This is starting to change and index insurance is now accelerating to complement traditional programmes, in markets where cover gaps or exclusions exist, or conditions are tightening.
With Skyline aims at facilitating and spreading the use of index insurance, as an efficient and transparent means of risk transfer with fast and guaranteed access to cash at the occurrence of adverse events.
New upgrades will soon be released, to accompany existing Skyline index solutions for renewable wind energy, agriculture and natural catastrophes. In addition, Skyline has also developed a beta version of index insurance technology for distributors and risk carriers that integrates the same visualisation capabilities, but also index risk modelling, large scale pricing and payout trigger notifications.
By combining Skyline’s index modelling capabilities with Gisaïa’s big data geospatial expertise, the partnership will create a powerful and unprecedented proposition for the insurance industry. It will bring significant value to customers, brokers and carriers to help them comprehend, manage and transfer risks, in line with their specific needs.
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About Skyline Partners
Skyline Partners is a private-equity funded UK insurtech company, focusing solely on index-based parametric insurance. Our solutions are data, technology-driven, and underwritten by top tier international re/insurers with superior ratings. Skyline has developed its own index insurance technology platform and aggregates high-value data from multiple sources. Our initial focus is on Renewable Energy, Agriculture, and Natural Catastrophes, but our ambition is to develop index solutions for all classes and segments. For more information on our vision and solutions, visit www.skyline.partners
Gisaïa is an expert in geospatial intelligence with experience in facilitating rapid deployment of technology solutions for deeper geospatial-big data analysis. Our ARLAS ® framework is built to serve efficiently: every function is developed to not only support the ease of operations but also, deliver expected results. We have tried and tested the potential of ARLAS ® framework’s versatility in diverse use-cases, with great results. For more information about Gisaia visit: www.gisaia.com and ARLAS: www.arlas.io