Reinsurance News

ICEYE’s nat cat insights now available in Esri GIS technology

1st February 2023 - Author: Kane Wells

In an expanded partnership, ICEYE’s near-real-time flood data is now accessible via Esri’s ArcGIS software, a comprehensive system for mapping and location intelligence.

ICEYE has expanded its Esri Partner Network relationship to provide its users across the public and private sectors with direct access to near-immediate natural catastrophe insights at the property level.

Stephen Lathrope, Global Head of Insurance at ICEYE, commented, “Esri’s software provides businesses with one of the most advanced real-time situational awareness capabilities available.

“By being able to deliver our floods analysis to insurance companies instantly via Esri’s geographic information system (GIS) technology, ICEYE can feed directly into the live decision-making process during a flood event, enabling organisations to manage client communications, claims triage, resource allocation and reserving strategies in a much more effective and timely manner.”

Esri’s software is deployed in over 350,000 organisations globally, including Fortune 500 companies, government agencies, nonprofits, and universities.

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As a Silver Partner in the Esri Partner Network, ICEYE’s natural catastrophe data is now available to all users of its software via ArcGIS.

The data can be utilised via a simple API configuration that minimises decision-making delay.

Government and emergency response users can also establish much faster situational awareness as an event develops to support more targeted response and recovery efforts.

Beau Legeer, Director of Imagery & Remote Sensing at Esri, said, “At Esri, we empower organisations by providing location intelligence to address some of society’s most fundamental challenges.

“As a shifting climate exposes more communities to the threat of natural catastrophes, the data ICEYE provides will become increasingly valuable in efforts to monitor, analyse and respond to natural disasters.”

Paul Barron, Global Head of Partnerships at ICEYE, added, “Our expanded partnership with Esri is a key milestone in the evolution of ICEYE, and it extends the potential created by our unique hazard insights to a much broader base of organisations.

“By providing faster, straight-through access to our natural catastrophe data to public and private entities globally, we can enable more in-depth analysis and data-led decision-making processes.”

Further, Esri customers can now access ICEYE’s near real-time, high-resolution data for natural catastrophe events globally. This information includes flood extent and inundation measurements at the individual property level.

ICEYE owns and operates the world’s largest radar imaging satellite constellation which is utilised to monitor floods around the globe.

The company has plans to expand its offering to include data on other natural catastrophe perils in the future.

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