ICEYE, a provider of satellite-based disaster management solutions, has announced that Aon, a global professional services firm, has expanded its data licensing agreement to include ICEYE’s Flood Insights data worldwide and Wildfire Insights data for the US.
Through this agreement, Aon will incorporate ICEYE’s near real-time flood and wildfire data into its event response services for reinsurance clients, enhancing their ability to analyse losses from catastrophic events.
Stephen Lathrope, Senior Vice President for Solutions, ICEYE, said: “ICEYE is delighted to be expanding its data agreement with Aon and building on the success of the solutions we have supported.
“In an increasingly volatile natural catastrophe environment characterised by increasing frequency, severity, and complexity, rapid access to damage and hazard data will be critical. At ICEYE, we continue to expand our constellations and enhance our technology as we help shape the future of satellite-powered, data-driven disaster response.”
ICEYE’s high-resolution data allows Aon to deliver precise, location-specific insights into the impact of floods and wildfires on properties.
The company’s extensive network of NewSpace satellites, featuring synthetic aperture radar (SAR) technology, offers continuous monitoring of any location on Earth.
This technology ensures constant visibility, regardless of time, weather, or smoke conditions. The hazard and damage data are available within hours of an event, with regular updates as the situation evolves.
Dan Dick, Global Head of Property Analytics for Reinsurance at Aon, added: “As climate risk further influences the behaviour of weather events, Aon is committed to providing its clients with the most accurate and comprehensive
catastrophe data and analytics.
“By integrating ICEYE’s Flood Insights and Wildfire Insights into our event response solutions, we can provide enhanced clarity and confidence around the immediate financial impact of catastrophic events as they develop, ultimately leading to better business decisions for our clients.”
