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A Behind-The-Scenes Look into Spatial Insurance and How it Works
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Christopher G. McDaniel is joined by Matt Schmidt from Ecopia AI. Matt is a Senior Associate and uses geospatial data to better calculate insurance and financial risk. In this week’s episode, Matt breaks down the importance of spatial insurance and how it works. At this current time, his firm is focused on creating a digital twin of earth, and they’ve got some exciting 3D representations of the entire United States, but how does insurance leverage this data to make better risk assessments? Matt shares his insights!
Key Takeaways:
An introduction of today’s speakers and topic.
What’s Ecopia’s vision? To create a digital twin of the earth!
A bit of history about Ecopia and how they first got started.
What is spatial insurance and why is it important?
How do carriers get spatial locations right?
How does Ecopia locate objects differently compared to other geotracking companies?
With all the data that Ecopia is capturing, how do Matt and his team sift through that data to find what’s relevant?
What would make the data incomplete or inaccurate?
What’s next for Matt and Ecopia?
Resources:
Email: crc@theinstitutes.org
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