On Jul. 30, CHI IAC issued specification for insurance remote sensing.
CHI IAC released Specifications for agricultural insurance remote sensing technology applications, which define remote sensing application specifications for four crop insurance categories: rice, wheat, corn, as well as cotton.
Background
Remote sensing technology, with its wide monitoring range, diverse data acquisition methods, and objective and impartial nature, can effectively improve the accuracy of agricultural insurance underwriting and claims processing, and disaster assessments.
However, due to the lack of industry technical standards, remote sensing companies have significant differences in data source selection, interpretation techniques, and accuracy assessment, leading to inconsistent analysis results for the same region.
As such, over 30 insurance companies, remote sensing companies, and over 50 experts were consulted to jointly develop a series of standards for remote sensing.
Specifications
Standards address practical aspects such as insurance remote sensing technology, data acquisition and processing, remote sensing verification of underwriting.
As well as remote sensing assessment of damage and monitoring results.
They provide more accurate underwriting verification and damage assessment services for agricultural insurance.
Plus, enhance compliance of agricultural insurance operations, combat insurance fraud.
