ICEYE, a provider of satellite-powered disaster management solutions, has announced a multi-year flood and wildfire data collaboration with Juniper Re, the reinsurance broking arm and an indirect subsidiary of BRP Group, Inc.
Juniper Re will leverage ICEYE’s Flood and Wildfire Insights data to support its carrier clients by accessing near real-time observed data on large-scale events to determine the impact within hours, and support data-driven decisions.
Adam Miron, Head of Catastrophe Analytics, Juniper Re, commented: “ICEYE’s ground-breaking technology is a game changer for persistent monitoring and actionable insights.
“The ability to identify specific risks and ground-truth damage at scale, no matter the condition, in near real-time is revolutionary. Damage can be understood in hours as opposed to days, allowing our clients to quickly understand the impact of an event and promptly undertake loss mitigation steps.”
This collaboration is in line with Juniper Re’s investment in innovative solutions to enhance its ability to support clients. Rapid access to ICEYE’s hazard and damage data will enable Juniper Re’s clients to respond to natural disasters accurately and quickly, improving decision-making, and ultimately transforming their ability to manage the loss.
ICEYE operates the world’s largest synthetic aperture radar (SAR) satellite constellation, offering unrivalled access to actionable Earth observation data.
Kurt Jackson, Head of Insurance, Americas at ICEYE, said, “We are delighted to collaborate with Juniper Re and support the development of leading-edge data solutions.
“This collaboration aligns with ICEYE’s mission to get near real-time observed data into the hands of carriers and brokers following extreme weather events, enabling the industry to make better and faster decisions.”
