Insurance and Finance

Finance and insurance have a rising interest for spatial technologies. GNSS and Earth Observation play a key – and increasing role – in the (re)insurance and financial sectors. For instance, timing and positioning information provided by Galileo is used in claims assessments and to time-stamp financial transactions. Copernicus data, on the other hand, is used for everything from conducting risk assessments to computing indices, assessing damage and managing claims.

Insurance and Finance In Action

The report reflects how global space downstream sector has expanded beyond Earth Observation and Global Navigation Satellite System to include emerging areas like Secure Satellite Communication and Space Situational Awareness.

The new EUSPA market report is here!

The report reflects how global space downstream sector has expanded beyond Earth Observation and Global Navigation Satellite System to include emerging areas like Secure Satellite Communication and Space Situational Awareness.

Copernicus demonstrators

Demonstrating the many benefits of Copernicus

EUSPA’s Copernicus Demonstrators highlight how the insurance and finance, energy, and fisheries and aquaculture sectors can all benefit from using Earth Observation data.

Windmill farm in the North Sea, Denmark.

EUSPA expands Copernicus user-base with new demonstrators

EUSPA aims to engage the private sector and boost the data use of the EU Earth Observation system, Copernicus. Projected global revenues will grow from €3.4 billion in 2023 to €6 billion by 2033. EUSPA's Copernicus Demonstrator showcases the operational benefits of Copernicus data across priority market sectors.

6 ways your financial well-being starts with space

From helping financial institutions make more sustainable investment decisions to evaluating claims from the sky, EU Space is set to have a big impact on the insurance and finance sectors. Here are six ways that it’s already happening.