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.

 

For more details

Contact Skyline to discuss index-based insurance: enquiries@skyline.partners

 

 

Additional RESOURCES

Please follow Skyline Partners and Gisaïa for updates on the joint venture:

Follow Skyline Partners on Twitter,  LinkedIn

Follow Gisaïa on Twitter,  LinkedIn

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

About Gisaia

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

Watch demo here: 

 

 

TRACING THE DANGER IN THE AIR

If we understand it, we can fix it

July 27, 2020

4.2 million people die every year. 

That number of deaths is linked to outdoor air pollution as recorded by the World Health Organisation (WHO). When you include indoor pollution, the number goes up to 7 million people every year. 

While most of these deaths are in developing and middle-income countries, major cities in developed countries still record higher than recommended levels of substances linked to dangerous pollutants.

So, what are these pollutants and how do they affect people?

The OpenAQ database that is used in ARLAS’s – also an open-source framework- demonstration, collects data from 12,000 stations spread across 93 countries. The stations monitored by OpenAQ record diverse air pollutants; NO₂, SO₂, NO₃, BC, PM₂.₅, PM₁₀, and CO₂.

NO₂, Nitrogen Dioxide, is produced in abnormal quantities by human activities like burning of fuel, motor vehicle emissions, and power plants. It is toxic and easy to inhale, known to trigger asthma.

The PM₂.₅ is also a killer pollutant. Simply referred to as ‘Particulate Matter’, it is composed of solid particles and liquid droplets. It is highly inhalable causing many health problems, especially linked to the heart.

PM₁₀ is four times bigger than PM₂.₅ but just as dangerous because it can also be easily inhaled.

The trouble with air pollution is that it affects even those who didn’t create it. The big question would then be, how to trace the danger in the air and prevent exposure to these deadly agents? While many answers speak to long-term strategies, the immediate response involves aggressive monitoring and warning systems that give individuals the ability to make decisions that protect them. 

Having reliable air pollution monitoring tools like ARLAS ensures that everyone in the decision-making chain is well equipped to act.

 

THE COVID-19 SCENARIO

The world ground to a halt and immediately opened the skies – quite literary in some locations – to the possibilities of tackling air pollution. The near-global lockdown courtesy of COVID-19 made it apparent for ‘pollution effects believers and non-believers’, that the Earth had been choking.

It was no surprise to see pollution levels go down as mobility reduced and non-essential factories’ tracks go on a standstill, cutting pollutants by significant numbers. 

China for example is on record as the highest contributor to CO₂ levels globally. During their lockdown, their CO₂ emissions went down by about 25%, equivalent to 150,000 tons. 

To put that into perspective, that is nearly five times what  Angola emits yearly.

We tested the theory of human contribution to air pollution. Using ARLAS, we compared March – April 2019, March – April 2020, and June 2020 data. This period represents, before and during COVID-19 for the same periods and just after the lockdown was lifted in some countries.

Focusing on provinces around Beijing, ARLAS shows  PM₂.₅ levels reducing by about 30% over the period when the lockdown is ongoing. It is clear from this demonstration that reduced human activity also reduced the volume of pollutants released in the air. There is also a significant reduction in PM₁₀ levels. 

Some activities that are traditionally low contributors to pollution like home heating and data centres increased their pollution contribution as human activities migrated home and online. This kept some pollutants volumes high.

 

OTHER ARLAS GENERAL OBSERVATIONS

On ARLAS, a dive down to specific stations reveals a more localized picture. 

Based on the dangers associated with PM₂.₅ and PM₁₀, the WHO advises that exposure to these two agents should be kept below 20μg/m3 for  PM₁₀  and  10 μg/m3  for PM₂.₅. Some locations record levels that are over five times higher than the recommended values. 

Residents of New Delhi benefited from a 56% drop in PM₂.₅ emissions between 26 April – 7 May, 2020, compared to the same period in 2019.

But, it was still, way above the recommended threshold.

Comparision of the PM₂.₅ emissions over New Dehli city between 26 April – 7 May 2019 (mean of 95.8μg/m3)  and 26 April – 7 May 2020 (mean of 43.4 μg/m3)

NO₂ emissions also have an adverse effect on health especially when higher than 100μg/m3 on an hourly average. Between January and August 2019, Paris experienced levels above 100μg/m3 85 times.  In 2020, it was cut down 21 times to only 4 measures of similar quantities that were recorded at the end of June, just after the lockdown.

NO2_New Delhi
Zoom on the legend Over the City of Paris :
Above: Distribution of numbers of measures of quantities of NO₂ emissions. Here, you see a selection of emissions above 100μg/m3.
Below: Distribution of the average of NO₂ emissions over time (In the 1st semester of 2019, there are 13 peaks. For the same period in 2020, only 1 peak). 

AIR POLLUTION STAKEHOLDERS

Strict monitoring of air pollution is a growing phenomenon with more stations being set up to facilitate this. The European Union region has stringent policies on pollution which have resulted in lower deaths linked to air pollution. France for instance has reduced air pollution linked deaths by half in only 25 years.

Pollution data gives the ability to analyse it and fix it. 

An ecosystem of monitoring and prevention would ideally save many lives: different players acting from different angles, easily and quickly guided by data. 

To start, policymakers like scientists and regulators, require needlepoint precision to determine their actions.

Travel companies that issue alerts on destinations based on pollution levels could help many at-risk groups to make informed choices – for example, people with preexisting pulmonary conditions. Could this lead to cheaper insurance premiums for travellers to/during low pollution zones and periods? Or even better, saving lives.

Individuals may also want to proactively stay connected to pollution information within their localities or elsewhere they intend to visit. Access to mobile applications that have credible up to date data would put pollution-fighting power in their hands like; where to find a job or buy a home amongst other human habitation decisions.

WHO is keen to have more stations set-up because the more air pollution data is collected, the clearer the picture. The OpenAQ currently collects up to 588 million air quality measurements. This is big data that ARLAS can quickly and easily process for Air pollution analysis.

 

AN OPEN APPROACH TO ADDRESSING AIR POLLUTION

The irony of the COVID-19 pandemic is that within the initial limited time of confinement – mid March – end of May 2020 – more lives may have been saved from the direct effects of exposure to pollution than were lost due to COVID-19 during the same period. 

Scientists are already linking higher critical COVID-19 impact amongst people who were previously exposed to high levels of pollution.

All efforts towards air pollution monitoring are expected to help reduce premature deaths linked to toxic air. If you are working in monitoring, policy setting or warning mechanisms around pollution, check out our demo to get a glimpse of Arlas at work on OpenAQ pollution data.

Get in touch with us at contact@gisaia.com if you would like to discuss tools and services to get you acting faster.