ICEYE, specialising in persistent monitoring through synthetic aperture radar satellite technology, and Insurity have announced a partnership to enhance disaster response.
This collaboration integrates the near real-time natural catastrophe insights of ICEYE into Insurity’s geospatial analytics platform.
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The move is designed to enable insurers to respond effectively to disaster events, serve policyholders quickly and reduce avoidable losses.
ICEYE’s SAR satellite constellation and monitoring capabilities offer Insurity clients objective, actionable insights for any location on Earth, unaffected by time or weather conditions.
Insurity customers stand to benefit from the incorporation of ICEYE’s geospatial data into their claims processes. This advancement is expected to improve the accuracy and speed at which insurers can respond to policyholders.
Insurity CEO Chris Lafond said: “Our partnership with ICEYE reinforces Insurity’s commitment to delivering the most advanced data and analytics solutions to our P&C [property and casualty] insurance customers.
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By GlobalData“By integrating ICEYE’s real-time catastrophe insights into our platform, we are enabling insurers to make faster, data-driven decisions that benefit policyholders when they need it most. This collaboration brings a new level of precision and responsiveness to disaster response in the insurance industry.”
ICEYE partnerships global head Paul Barron said: “Collaborating with Insurity enables us to extend our mission of delivering trusted, actionable insights that drive real impact. Insurity’s industry expertise and its expansive customer base allow us to deliver our solutions at scale, giving P&C insurers an unprecedented advantage in catastrophe response and policyholder service. Together, we are setting a new standard for resilience in the face of natural disasters.”
In September 2024, ICEYE expanded its data licensing agreement with Aon. This agreement will enable Aon to utilise ICEYE’s Flood Insights data globally and Wildfire Insights data in the US.
