UAE insurers are watching from space. What does that mean for your premium?

▤ Summary

UAE insurers are starting to use satellite imagery and AI to assess flood, fire, and property risk more precisely. The technology can speed up claims, improve underwriting, and support more granular pricing, but it also raises privacy, fairness, and redlining concerns. Shory says it is developing in-house AI and exploring satellite partnerships to reduce uncertainty and expand the risks it can insure. Analysts argue that insurers will need explainable, auditable models and stronger regulatory controls if they want to avoid bias and consumer backlash.

▦ Linked Companies

Orbitworks

$1M to $5M