AstroQuote

Making Insurance Smarter, Caring, and Proactive

Idea in Administrative Services

Introduction

At AstroQuote, we strive to make insurance proactive instead of reactive through the use of aerospace technologies, big data, and advanced analytics. Our company will provide policy holders with fast, accurate, and targeted recommendations to mitigate risk events before they ever even happen.


Problem

Currently, insurance only responds to accidents after they happen. We hope to empower insurance companies to prepare for catastrophic events before they happen. Our target customers are insurance companies who insure commercial properties in areas which are subject to high risks from fires and floods.


Opportunity

We will leverage satellite data, drones, and IoT devices to provide targeted recommendations for specific customers by controlling and combining data sources with machine learning, artificial intelligence, and causal inference.