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AI-Inspect SIGNED

AI-Inspect - an artificial intelligence tool for instant inspection of commercial properties

Total Cost €

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EC-Contrib. €

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Partnership

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 AI-Inspect project word cloud

Explore the words cloud of the AI-Inspect project. It provides you a very rough idea of what is the project "AI-Inspect" about.

ai    pilot    perform    surveys    inspect    insurance    remote    risk    companies    hospitals    automated    tool    company    approx    risky    countries    globally    markets    aerial    office    ultimate    satellite    computer    feasibility    retail    innovation    eur    conduct    service    improper    lower    multifamily    regions    instant    estimate    credible    reduce    artificial    share    intelligence    pictures    innovative    world    stability    valuation    regional    niche    portfolios    first    solutions    accurate    moment    pricing    losses    owners    reinsurance    rapid    million    ahead    shared    deep    explore    caused    plan    perspective    cover    market    events    commercial    created    insect    quality    mind    specificity    queries    keeping    site    learning    tensorflight    refine    vision    climate    manufacturing    scalability    extremely    schools    economy    images    fit    strategy    competition    15    buildings    catastrophic    estate    street    boost    sites    bearing    coverage   

Project "AI-Inspect" data sheet

The following table provides information about the project.

Coordinator
TENSORFLIGHT POLAND SPOLKA ZOGRANICZONA ODPOWIEDZIALNOSCIA 

Organization address
address: WARSZAWSKA 6 M. 32
city: BIALYSTOK
postcode: 15-063
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Poland [PL]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2020
 Duration (year-month-day) from 2020-01-01   to  2020-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TENSORFLIGHT POLAND SPOLKA ZOGRANICZONA ODPOWIEDZIALNOSCIA PL (BIALYSTOK) coordinator 50˙000.00

Map

 Project objective

Tensorflight has created AI-Inspect, an artificial intelligence tool for the instant, remote and fully automated analysis of the different features of commercial buildings for the insurance and reinsurance sector. We develop the most advanced computer vision methods based on deep learning and are the first company that analyses not only satellite/aerial images but also street-level pictures. Due to the high scalability of our innovation, we are able to quickly provide information on large portfolios of commercial properties from any part of the world. We will cover a market niche where at the moment no one can provide a high-quality, rapid service and facilitate the credible risk assessment of properties such as retail and manufacturing sites, office and multifamily buildings, hospitals, schools, etc. AI-Insect will help insurance and reinsurance companies to reduce costs of on-site surveys and reduce losses caused by improper valuation. As a result, both the owners and the users of the properties will share lower costs of the insurance coverage. In a 5 years perspective, we estimate to analyse no less than 15.5 million queries at a cost of approx. 1 EUR each. Better insurance coverage in the real estate sector is extremely important bearing in mind the climate change. Accurate risk assessment is crucial for large insurance and reinsurance companies to step into more risky markets in the developing countries. The ultimate result is a globally shared risk of catastrophic events and higher stability of the economy in different regions of the world. In this feasibility study, we plan to perform a comprehensive market analysis that will refine the pricing strategy to fit regional specificity and identify new partners to conduct pilot testing on new markets. A technical assessment will also be conducted to explore innovative solutions that will allow us to boost AI-Inspect's capabilities, keeping us far ahead of the competition.

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The information about "AI-INSPECT" are provided by the European Opendata Portal: CORDIS opendata.

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