Objectives of the Product
VALUESAFE fills an important gap for companies and public institutions responsible for buildings and properties by helping them understand the risks their assets face from natural disasters. Foreseeing how much an earthquake, flood, or landslide could impact these properties financially can be challenging.
VALUESAFE changes this by using satellite data, maps, and digital images to evaluate the risks buildings face based on their location and structure. Through a simple online platform, users can request custom risk assessments and receive detailed reports that estimate possible damage and loss in value. This data helps them make informed decisions about insurance, maintenance, and disaster preparedness, ultimately protecting their assets. By combining many data sources, VALUESAFE’s unique algorithm aims to provide consistent, accurate predictions on risk and economic impact, offering a faster and more efficient alternative to traditional inspections.
Customers and their Needs
VALUESAFE is designed for public and private groups responsible for managing and protecting different building stocks, including cultural heritage sites. Private clients, like insurance companies and asset managers, need reliable, science-based risk data to guide business strategies and reduce unexpected losses., Meanwhile, public agencies can use VALUESAFE’s insights to prioritise mitigation actions, allocate resources, and plan safer communities. Both groups struggle with finding affordable, accurate risk evaluations that don’t require time-consuming, costly site visits. VALUESAFE’s online platform addresses these needs by offering tailored, easy-to-understand reports and a straightforward interface. This setup allows users to access vital risk information and connect directly with experts, helping them focus on long-term planning and resilience while saving time and resources.
Targeted customer/users countries
Italy and Europe.
Product description
VALUESAFE provides an online portal that enables users to access services, customise risk assessment requests, and manage outputs related to property vulnerabilities against natural disasters like earthquakes, floods, and landslides. The platform generates detailed analyses of potential damage and expected depreciation of buildings. To achieve this, VALUESAFE integrates three core evaluations:
- Vulnerability assessment: analysing building characteristics that influence risk levels by employing digital and satellite imagery.
- Hazard assessment: utilising recognised maps and satellite data to determine the probability and intensity of events.
- Exposure evaluation, which measures the number of people, economic value, and cultural significance of assets in affected areas, using national census data and expert insights.
The goal is to develop a proprietary algorithm that synthesises this information into accurate risk estimates, informing potential damage scenarios and economic impacts. This innovative and scalable approach accommodates detailed analysis across various territorial extents, whether for large regions or specific property groups such as schools, hospitals, and cultural heritage sites, ensuring that stakeholders have the insights necessary to make informed decisions on asset management and disaster preparedness.
Added Value
VALUESAFE delivers added value through its reliable, expert-certified analyses that standardise vulnerability assessments on a global scale. By integrating diverse data sources, VALUESAFE provides a comprehensive understanding of building vulnerability, saving time and resources while delivering robust, replicable analyses directly applicable to business and regulatory decisions.
Unlike competitors that rely on outdated or non-site-specific data, VALUESAFE utilises advanced satellite data, interferometric analysis, and crowdsourced ground monitoring to produce up-to-date evaluations of multi-risk vulnerabilities across various real estate assets. This unique approach ensures that stakeholders receive the most relevant and timely information for informed decision-making.
Additionally, VALUESAFE’s user-friendly digital platform enhances this value proposition by allowing users to customise analysis targets, detail levels, and outputs to meet their specific needs. This flexibility and responsiveness ensure timely, detailed insights into risk and economic impacts, particularly for municipalities with rich cultural heritage, supporting vital economic development. By focusing on a comprehensive approach, advanced technology integration, and user-centric design, VALUESAFE distinguishes itself in the competitive market for risk assessment solutions. This positions the service as a leader, driving significant progress in climate resilience and sustainable development efforts while enriching the overall customer experience and fostering long-term partnerships.
Current Status
Following the Kick-Off Meeting on 20 September 2024, VALUESAFE activities focused on essential technical aspects, such as reviewing User Requirements and engaging target users. Key topics for requirement collection were defined, and interactions began with potential partners, including public entities and external service providers, to outline necessary qualitative and quantitative parameters.
In the next period, planned activities include finalising and distributing User Requirement forms, collecting detailed feedback to build a reliable statistical base, and selecting specific technical parameters for analysis. This phase aims to ensure a robust framework for aligning user expectations with project goals, enhancing the service offering, and defining a strategic direction for VALUESAFE. The next major milestone is currently planned for 22 November 2024.
