Reinsurance News
ICEYE
Building damage from Hurricane Milton in Florida could surpass Helene’s: ICEYE
14th October 2024
The number of buildings in Florida impacted by Hurricane Milton are similar to, or even more than Helene which totalled over 150,000, according to ICEYE’s initial data. Hurricane Milton made landfall on the 9th of October in Florida’s Sarasota County as a Category 3 hurricane, bringing damaging winds, tornadoes, life-threatening storm ... Read the full article
ICEYE and Aon expand flood and wildfire data partnership to enhance event response
5th September 2024
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 ... Read the full article
ICEYE expands constellation with four new SAR satellites
19th August 2024
ICEYE, a provider of satellite-powered disaster management solutions, has launched four new synthetic aperture radar (SAR) satellites, further expanding its constellation to enhance data granularity and increase the frequency of analysis for its clients. Operating the world’s largest constellation of SAR satellites, ICEYE can image any location on Earth under any ... Read the full article
ICEYE nat cat data being integrated into Guidewire
20th June 2024
Guidewire, a provider of software solutions to the insurance industry, and ICEYE, of satellite-powered disaster management solutions provider, have launched ICEYE's new Ready for Guidewire validated accelerator on the Guidewire Marketplace, now accessible to ClaimCenter users on Guidewire Cloud. ICEYE, a recent graduate of the Insurtech Vanguards programme and winner of ... Read the full article
ICEYE launches satellite-based solutions for UK insurance market
13th May 2024
ICEYE, a provider of satellite-powered disaster management solutions, has launched a high-resolution Flood Early Warning and ongoing customer pilots of Flood Rapid Impact solutions for the UK insurance market. The company's Flood Early Warning provides four days in advance flood impact forecast prediction at building level resolution, and is overlaid with ... Read the full article
ICEYE launches advanced flood data products for Canadian insurers
3rd May 2024
ICEYE, a provider of satellite-powered disaster management solutions, has launched its Flood Insights and Flood Early Warning products for Canada, providing insurers with rapid access to real-time flood data across the country. Given that floods cause the most damage of any peril in Canada and are expected to escalate in frequency ... Read the full article
ICEYE and Juniper Re announce flood and wildfire data collaboration
25th April 2024
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 ... Read the full article
ICEYE raises oversubscribed $93 million growth funding round
17th April 2024
ICEYE, the global provider of satellite-powered disaster management solutions, has signed a definitive agreement for an oversubscribed $93 million growth funding round, led by Solidium Oy. The firm aims to use the funds raised to further accelerate investment in “the world’s largest constellation of SAR satellites and expand the company’s portfolio ... Read the full article
ICEYE to help CDC explore flood impacts on public health and safety
4th April 2024
ICEYE, the global provider of satellite-powered disaster management solutions, has signed a new contract with the Centers for Disease Control and Prevention (CDC) to provide it with access to ICEYE Flood Insights for events across the US and its territories. As per the agreement, ICEYE will deliver these incited to teams ... Read the full article
Re/insurance sector to benefit from ICEYE’s sharpened imaging mode
13th March 2024
ICEYE, a provider of natural catastrophe solutions and insights, has increased its capabilities with the introduction of its Dwell Fine imaging mode, which builds on the release of Spot Fine, launched last year. Dwell Fine is unique in commercial SAR satellite imagery; using its 50-centimetre resolution it helps to deepen the ... Read the full article
ICEYE enhances SAR imaging tech with launch of three new satellites
5th March 2024
ICEYE, a provider of natural catastrophe solutions and insights, successfully launched three additional synthetic aperture radar (SAR) satellites on March 4th, 2024. These SARs include a 1200 MHz radar bandwidth in-orbit technology demonstrator that has upgraded ICEYE’s X-band antenna, increasing radar bandwidth to 1200 MHz and enabling 25 cm imaging. The ... Read the full article
ICEYE expands radar imaging constellation with four new satellites launched
13th November 2023
In a further indicator of the growing use of satellite technology to assess exposures to extreme weather events, ICEYE, a provider of natural catastrophe solutions and insights, has expanded its constellation with four new synthetic aperture radar satellites. The launch on SpaceX’s Transporter-9 smallsat rideshare mission via Exolaunch was conducted from ... Read the full article
ESA and ICEYE space partnership aims to revolutionise disaster management
13th October 2023
ICEYE, a provider of natural catastrophe solutions and insights, is to collaborate with the European Space Agency (ESA) to develop the next generation of Earth Observation insights to revolutionise disaster and crisis management from the vantage point of space. The firm owns and operates the world's largest constellation of SAR satellites, ... Read the full article
Australia selects ICEYE for flood and bushfire data to strengthen disaster response
7th September 2023
ICEYE, a provider of natural catastrophe solutions and insights, has been selected by the Federal Government of Australia to bolster disaster response by supplying near real-time flood and bushfire hazard data for all states and territories across the country. Record-breaking flood and bushfire events have been experienced by several states and ... Read the full article
Growing frequency and severity of nat cats drives demand for quick, detailed information: ICEYE
15th June 2023
According to ICEYE, the insurance industry and emergency response agencies will increasingly rely on quick and detailed information about natural catastrophes due to their growing frequency and severity. The recent satellite launch not only reinforces the effectiveness of existing solutions but also enables the development of advanced capabilities to assist the ... Read the full article
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