A significant portion of the world's population, particularly in emerging markets, lacks access to property insurance. This isn't due to a lack of need, but often because the traditional methods of assessing risk are too costly, time-consuming, or data-intensive for these regions. NETCLO's AI-driven platform changes this paradigm. By leveraging readily available visual data like satellite imagery and smartphone photos, we can generate reliable property risk assessments quickly and affordably, anywhere in the world. This capability is key to unlocking the estimated $4.5 trillion insurance opportunity in emerging markets. More importantly, it paves the way for greater financial inclusion, economic stability, and resilience for communities that have historically been underserved by the insurance industry. NETCLO is proud to be part of this global transformation.
Global Impact•April 29, 2024•By Global Outlook Initiative
The $4.5T Opportunity: Unlocking Insurance in Emerging Markets with AI
Billions remain uninsured globally due to assessment challenges. NETCLO's ability to rapidly evaluate risk anywhere using minimal data is paving the way for financial inclusion and economic development.
Image Concept: Globe with highlighted emerging market regions and AI connections