BIG IMAGE ANALYTICS FOR (RE-) INSURER
FLAVIO TROLESE4QUANT | BIG IMAGE ANALYTICS
THURSDAY, APRIL 7 2016
4Quant | BIG IMAGE ANALYTICS
BIG DATA IMAGE ANALYSIS BIG IMAGE ANALYTICS
REMOTE SENSING POTENTIAL (RE-) INSURANCE CASES Q&A
4Quant | BIG IMAGE ANALYTICS
[...] Data sets that are so large or complex that traditional data processing applications are inadequate.
Challenges include analysis, capture, data curation, search, sharing, storage, transfer, visualization, querying and information privacy.
BIG DATA
https://en.wikipedia.org/wiki/Big_data
4Quant | BIG IMAGE ANALYTICS
BIG DATA
Optimize Funnel Conversion
Behavioral Analytics
Customer Segmentation
Predictive Support
Market Basket Analysis and Pricing OptimizationsPredict Security Threats
Fraud Detection
4Quant | BIG IMAGE ANALYTICS
IMAGE ANALYSIS
Tools and technologies (for analysis of «small (image) data»)
(limited) services for «big (image) data»
4Quant | BIG IMAGE ANALYTICS
Linearly scalable, interactive, fault-tolerant big image data processing technology for two-, three- and four-dimensional image data.Processes tera- to petabytes of image and video data in near real-time and at low costs
+ IMAGE ANALYSIS+ BIG DATA
= BIG IMAGE ANALYTICS
4Quant | BIG IMAGE ANALYTICS
We do image analytics on Big Data → BIG IMAGE ANALYTICS
Our mission is to help companies monetize their image and video content.
4QUANT
4Quant | BIG IMAGE ANALYTICS
Problem«Analyze phenotyping and genetic linkage of cortical bone microstructure in the mouse»
Terabytes of image data
Analysis of image data takes years with existing (small data) image analysis tools
Solution«Use a Big Data Framework in combination with image analysis algorithms»
BIG IMAGE ANALYTICS PLATFORMLinearly scalable, interactive, fault-tolerant big image data processing technology for two-, three- and four-dimensional image data
Tera- to petabytes of image and video data
Near real-time processing
TECHNOLOGY
«High-throughput phenotyping and genetic linkage of cortical bone microstructure in the mouse»K. Mader, L. Donahue, R. Müller, M. Stampanoni; BMC Genomics 2015 16:493;
«Moving image analysis to the cloud: A case study with a genome-scale tomographic study»K. Mader, M. Stampanoni; AIP Conf. Proc. 1696, 020045 (2016)
4Quant | BIG IMAGE ANALYTICS
2014 20162015
HISTORY
PhD Thesis
ETH Pioneer Fellowship
Talk at Spark Summit
ETH Lecturer Assignment
Invited Big Data Workshop
Werner-Meyer-Ilse Award
Databricks Partnership
IBM Partnership
Partnership
Partnership
COPD StudyNPC Study
2013
4Quant | BIG IMAGE ANALYTICS
VeracityTested validated correctness
Fully traceability of all algorithms
VarietyFor two-, three- and four-di- mensional image data
Supports / parallelizes ex- isting single CPU algorithms (e.g. ImageJ, Matlab, R)
VelocityStream-based analysis in almost real-time
Ad-hoc queries
Throughput of > GB/s
VolumeLinearly scalable beyond gigavoxels and tera- / petabytes
Elastically scale to available resources
ValueDetection of anomalies, intelligent feature recognition, tracking of millions of features, smart segmentation, parameter sweeping, pattern recognition
BIG IMAGE ANALYTICS PLATFORM
VarietyFinds insights from complex, noisy, heterogeneous, longitudinal, and voluminous imaging data. Answer questions that were previously unanswered.
4Quant | BIG IMAGE ANALYTICS
Flavio Trolese / CFOCorporate Finance
HR / Administration
Dr. Kevin Mader / CTOR&D
Product Development
Scientific Consulting
Joachim Hagger / CEOGeneral Management
Business Development
Fundraising
MANAGEMENT TEAMM.Sc. in Physics ETH
Co-founder and managing partner of Netcetera, an IT consulting company, 390 employees
BScIT at ZHAW
Co-Founder and managing partner of Panter AG, an IT consulting company, 40 employees; Co-Founder and managing partner of Colab Zurich / ImpactHub Zurich (> 350 Members)
PhD on “High-throughput, synchrotron based tomographic microscopy tools” at ETH/PSI
ETH Pioneer Fellowship, Lecturer in the X-ray microscopy group D-ITET ETH Zurich
4Quant | BIG IMAGE ANALYTICS
Transportation Material screeningINDU
STRY
&
TECH
NO
LOGY
PathologyRadiology
Image intelligence
Pharma
Remote sensing Human swarms
Imaging CRO
GEO
IMAG
ING
MED
ICIN
E &
PH
ARM
A
4Quant | BIG IMAGE ANALYTICS
13© SBB AG l Innocircle l SBB Innovation – 06.10.2015
EXAMPLESVideo-to-Text Change detections
Measurements Track monitoring
4Quant | BIG IMAGE ANALYTICS
MEDIA
4Quant | BIG IMAGE ANALYTICS
REMOTE SENSING
New, exciting sources of images with meter resolution, updated almost daily
225 GB / y 333 TB / y 333 TB / y 15 PB / y
4Quant | BIG IMAGE ANALYTICS
REMOTE SENSING / BIAP
Meaningful Results
BIAP
Petabytes of satellite image data
e.g. flood risk calculations
4Quant’s BIAPVM VMVM VM
VM VMVM VM
4Quant | BIG IMAGE ANALYTICS
Integrate Deep Learning Algorithms to automatically identify unknown, or changing regions in the image
INTEGRATION OF MACHINE INTELLIGENCE
4Quant | BIG IMAGE ANALYTICS
Utilize high-temporal resolution and decades of archives...
… to see new insights in the data and extract quantitative results for building new models
HISTORICAL CHANGES IN SURFACE PATTERNS
4Quant | BIG IMAGE ANALYTICS
Satellites produce lots of data. What can we do with it?
Data courtesy of Planet Labs
Location and size of water-features
Distance to nearestwater feature
Building locationIdentifyingHigh-Risk areas
TRANSFORM IMAGE DATA INTO MEANING QUANTITIES
4Quant | BIG IMAGE ANALYTICS
REAL-TIME DAMAGE ESTIMATION
Often after a major incident (hail storm, fire, flood), experts are required to assess the overall lost value. A timely and accurate loss assessment helps insurers to allocate the right amount of provisions in time.
Using satellite and drone images, 4Quant accelerates and improves the process of loss assessment. Automated
analysis of the damaged assets may be both faster and more reliable than the traditional, manual assessment.
This helps insurers to allocate resources more precisely both in volume and time.
4Quant | BIG IMAGE ANALYTICS
ACCELERATION / IMPROVEMENT OF CLAIMS MODELINGFast and reliable information on damages is also crucial for claims modeling. Modeling firms undertake huge efforts to investigate damage events to improve their predictive capabilities.
As 4Quant may help insurers in assessing insured events, we may also support modeling firms with a thorough first-level event assessment. Using event imagery analytics enables modelers to base their equations on a growing base of robust data.
This in turn helps insurers to source improved severity curves in ever more reliable predictive hazard models.
4Quant | BIG IMAGE ANALYTICS
➔ Our trained algorithms calculate the expected claims in real time with great accuracy
➔ Results can be directly integrated intoinsurer’s claims management system
ONLINE CLAIMS MANAGEMENT FOR CUSTOMERS
Example: effective car insurance claims handling
Process:
➔ After an accident, the driver or garage makes pictures of the damaged car
➔ Our database knows the topology of the healthy car
4Quant | BIG IMAGE ANALYTICS
REAL-TIME INFORMATION FOR INSURANCE LINKED SECURITIES
Combining trained algorithms with real-time satellite imagery, 4Quant develops models for real time hurricane analytics.
This enables 4Quant to provide value for insurers as the sponsors of Cat Bonds, and also for investors, asset managers, and rating agencies.
Parametric Cat Bonds are indexed to the natural hazard caused by nature, such as atmospheric pressure in the eye of a hurricane.
Rapid assessment of such parameters is key to enable liquid markets and effective risk transfer.
However, often parameters are not available in real time.
4Quant | BIG IMAGE ANALYTICS
INSURANCE MODELSWorldwide Loss Events 1980-2013
2014 Munchener Ruckversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE – As at February 2014
4Quant | BIG IMAGE ANALYTICS
ACCOUNTING FOR CLIMATE CHANGEClimate Change Predictions
2014 Munchener Ruckversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE – As at February 2014
4Quant | BIG IMAGE ANALYTICS
2014 Munchener Ruckversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE – As at February 2014
ACCOUNTING FOR CLIMATE CHANGE
4Quant | BIG IMAGE ANALYTICS
IMPACT OF CLIMATE CHANGE
2014 Munchener Ruckversicherungs-Gesellschaft, Geo Risks Research, NatCatSERVICE – As at February 2014
4Quant | BIG IMAGE ANALYTICS
Image-supported premium adaptation of car insurances
4Quant | BIG IMAGE ANALYTICS
ADVANCED ANALYTICS: INNOVATION DRIVER IN INSURANCE
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