Swiss Re BLAZE is a parametric wildfire insurance solution that relies on high-resolution satellite images to determine where and how much of the landscape is charred by wildfire. The underpinning of BLAZE is 20 meter by 20 meter optical imagery from the Sentinel-2 satellite, launched in 2015. Using a proprietary and academically peer-reviewed algorithm, our partner VanderSat translates the images from Sentinel-2 into a cumulative burned area for a predefined geographical region. The high spatial resolution of the satellite allows for a more precise definition of fire boundaries, and the ability to define the intricacies of the actual area burned within the fire boundaries.
The insurance component of Swiss Re BLAZE operates in a simple and seamless manner, whereby the buyer defines the covered geography and the cumulative burned area amount, expressed either as a percent of the covered geography or hectares/acres, where he/she would like to start receiving a partial or full payout. And with the Sentinel-2 satellite passing over the same area every few days, monitoring of the development of the cumulative burned area and, thus, the insurance policy, can be done in near real time, allowing for rapid and prompt claims settlement.
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Access the BLAZE viewer.
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The BLAZE viewer is offered in partnership with VanderSat who provide the technology to monitor the fire situation on the ground. Before using the viewer you will need to create a login profile. VanderSat will then manage your ability to login and use the viewer.