Reinsurance News
ICEYE
ICEYE to provide Fermat with near real-time flood hazard data
15th March 2022
ICEYE, a provider of satellite data and services to inform decision-making and analysis, has partnered with insurance-linked securities (ILS) investment fund manager, Fermat Capital Management, to explore how world monitoring data can bolster sector returns, enhance relations and improve climate resilience. ICEYE is the owner of the world's largest SAR satellite ... Read the full article
Tokio Marine invests in ICEYE as pair embark on commercial collaboration
8th February 2022
Japan's Tokio Marine Holdings has made a strategic investment in ICEYE, a provider of satellite data and services to inform decision-making and analysis, as part of the latter's wider Series D funding round. The recent funding round saw ICEYE raise $136 million in order to expand its natural catastrophes solutions, ... Read the full article
ICEYE raises $136m in funding, targets nat cat solutions expansion
4th February 2022
SAR data provider ICEYE has raised $136m in Series D funding, which the company says it will use to expand its natural catastrophes solutions. The firm, which launched its first satellite four years ago has raised $304m in financing since 2015. It claims to operate the world’s largest constellation of SAR ... Read the full article
ICEYE partners with MIS on flood hazard analysis
10th November 2021
A new partnership between ICEYE and McKenzie Intelligence Services (MIS) seeks to combine the former's building-level flood analysis for global flood events with the latter's 'decisions-as-a-service' platform. The agreement sees ICEYE, a commercial synthetic-aperture radar (SAR) satellite operator and flood data specialist, provide flood hazard analysis throughout active flood events to ... Read the full article
Descartes enters partnership with ICEYE
20th October 2021
Descartes Underwriting, an insurtech focused on climate risk modelling and data-driven risk transfer, has partnered with ICEYE, a provider of flood hazard data. The partnership will combine Descartes’ ability to incorporate its technology into its parametric insurance product design with ICEYE’s synthetic-aperture radar (SAR) flood data and monitoring capabilities. Leveraging ICEYE’s multi-source ... Read the full article
ICEYE adds Global Head of Insurance Solutions
7th October 2021
ICEYE, a builder and operator its own commercial constellation of SAR satellites, has named Lisa Wardlaw as Global Head of Insurance Solutions, and Daniel Stander as a Senior Advisor. The company owns and operates the largest synthetic-aperture radar (SAR) constellation in the world and offers solutions focused on the unique needs ... Read the full article
Tens of thousands of buildings impacted by European floods, says ICEYE
21st July 2021
Analysis from ICEYE, who builds and operates its own commercial constellation of SAR satellites, shows that a minimum of 43,400 buildings across Europe are estimated to have been impacted by recent flooding in the region. ICEYE operates a constellation of synthetic aperture radar satellites and through its Flood Monitoring Solution, offers ... Read the full article
Swiss Re targets advanced flood risk management with ICEYE partnership
2nd March 2021
Global reinsurer Swiss Re has advanced its natural catastrophe services via a new strategic partnership with ICEYE, the world's largest commercial synthetic-aperture Radar (SAR) satellite operator and flood monitoring provider. Building on ICEYE's technology, the new partnership aims to advance flood risk management, assist disaster response and speed up claims payments ... Read the full article
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