Satellite-based risk assessments for underwriters and risk engineers
Dams
Structural health audits and monitoring to understand risks ahead of time.
Mines
Conducting structural movement surveys to identify existing or emerging weaknesses in assets.
Property
Pinpointing, monitoring and quantifying subsidence, land movement, or landslide risks to property.
Highways
Identifying existing and developing movements for highway infrastructure maintenance.
Railways
Detecting movement risks for rail infrastructure and supporting assets for service continuity.
Comprehensive, global, evidence-based audits
Every structural risk audit on our platform combines large datasets with 10-year historical timelines to understand actual risks.
Digital models of assets and the world
Climate data
Movement data
Engineering context
Value.Space's assessment
Dams
Structural health audits and monitoring to understand risks ahead of time.
Mines
Conducting structural movement surveys to identify existing or emerging weaknesses in assets.
Property
Pinpointing, monitoring and quantifying subsidence, land movement, or landslide risks to property.
Railways
Detecting movement risks for rail infrastructure and supporting assets for service continuity.
Highways
Identifying existing and developing movements for highway infrastructure maintenance.
“There is a lot of value to be gained by the insurance industry from what Value.Space is doing.”
Since I met Value.Space team and saw what they are doing, I could see that there is a lot of value to be gained by the insurance industry. Understanding the risk of a potential catastrophic failure of a dam is not only about the financial cost, but also the impact on everyone downstream - on people, on lives and on industry. Having that data and being able to be pragmatic-proactive about what you do with it is super important.
Ed Gaze
CEO OF IRL, FORMER HEAD OF LLOYD’S LAB
“The use of satellite technology will sharpen UNECE’s support to identify and manage mine tailings risks.”
The use of cutting-edge satellite technology will further sharpen UNECE’s support to identify and manage risks linked to mine tailings in the Pan-European region and beyond. Strengthening mine tailings safety is especially crucial given the projected increases in mining activities over the coming decades, including meeting the demands of the energy transition.
Claudia Kamke
ENVIRONMENTAL AFFAIRS OFFICER FOR THE UNECE
“I was extremely impressed with the technical capabilities and the expert analysis provided.”
I was extremely impressed with both the technical capabilities of the satellite-based system and the expert analysis provided by ValueSpace. Whilst it is not a replacement for real time monitoring systems, it provides invaluable structural and stability information that conventional systems cannot. Such information can be cost-effectively used by underwriters in their assessment of mining risk as well as for mining companies in their ongoing management of critical infrastructure to identify potential failures long before they may occur.
James Fryer
CHAIRMAN OF MINING INSURANCE & RISK ASSOCIATION (MIRA)
“Value.Space is able to conduct risk assessments in a way that we have not been able to do before.”
The standard modelling tools that the insurance industry has used in the past, just can’t keep up with the pace that the world is changing. Value.Space is able to conduct risk assessments in a way that we have not been able to do before - not only is it a real time view, but it is also a view of millimeter type movements. The idea of having this very up-to-date view of the structural integrity of dams is so useful for an underwriter.
Kirstie Keate
UK BRANCH UNDERWRITING MANAGER, LLOYD’S EUROPE
“We see that Value.Space identifies the point of failure and always in time to mitigate loss.”
In all forensic use of satellite-based monitoring and risk assessments we see that Value.Space identifies the point of failure and always in time to mitigate loss had it been required by regulators, owners and investors.
Lindsay Newland Bowker
WORLD MINE TAILINGS FAILURES
As seen in
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