Insurance

ICEYE’s SAR satellite constellation is the world’s first global and always-on data utility developed for the unique needs of the insurance sector.

GET YOUR EBOOK: Sizing Flood Losses with Accurate Observation Data:
The Art of the Possible for (Re)Insurers

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FLOODING FROM HURRICANE IDALIA, US CAPTURED BY ICEYE ANALYSIS

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Actionable data for improving customer experience,
Reducing losses, and finding new markets

ICEYE’s large constellation of New Space satellites provides access to an entirely new level of persistent monitoring for any location on earth - uninterrupted visibility, day and night, in any weather conditions, enabling a transformative capability for the insurance industry.

New eBook

The most impactful floods of 2022

Get reliable flood extent and depth data for the most significant flood events we observed in North America, Europe, Australia and Japan throughout 2022.

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Own Constellation

We own and operate the only satellite constellation deployed solely for the (re)insurance industry and wholly targeting catastrophic events, controlling the entire value chain.

Change Detection

From tracking fast-moving objects to potentially predicting natural disasters by identifying millimeter-level changes, ICEYE unlocks previously unseen changes to the environment and human activity.

Reliability and Accuracy

Having the ability to see through darkness, smoke, and clouds, ICEYE provides reliable, consistent, and accurate hazard data for any given peril.

Leading Insurance Industry Expertise

Our product roadmap is driven entirely by the unique needs of the P&C insurance ecosystem. Our dedicated teams are led by experts from insurance, reinsurance, meteorology, hydrology, and GIS domains.

Trusted by

“By combining Swiss Re’s risk knowledge with ICEYE’s data, we will be able to further expand our capabilities in geo and remote sensing. The partnership will enable us to develop solutions, advance our services to the benefit of our clients and enable faster claims payouts.”

PRANAV PASRICHA

Global Head of P&C Solutions, Swiss Re

Claims processing

Transform your customer's experience by shifting from a reactive & slow claims process to an expedient, highly automated, proactive approach with the customer at the center.

CLAIMS PROCESSING

Opportunities

CLAIMS AUTOMATION

Our clients use ICEYE data to streamline back-office processing, accurately triaging losses post-event and ensuring swift settlements for genuine claimants.

REPAIR & RESTORE

Improve customer satisfaction and prevent claims inflation with fast payouts, helping policyholders get back on their feet as quickly as possible.

LOSS ADJUSTING

ICEYE’s hazard data allows our clients to more efficiently and safely deploy loss adjusters to the right areas.

PREVENT FRAUD AND LITIGATION

Our clients are able to avoid disputes (e.g. wind or water?) and quickly identify and deny fraudulent claims thanks to the high degree of accuracy of ICEYE's hazard data.

PROACTIVE APPROACH

ICEYE clients are able to validate and process a high proportion of property damage claims remotely, even before loss notifications are received.

SUBROGATION AND RECOVERY

By tracking minute changes in human activity or within the environment, ICEYE is uniquely-placed to establish causation, enabling successful subrogation and recovery from third parties.

Sizing losses

Evolve from a slow and resource-intensive process of primarily relying on loss estimates to automatically ingest accurate and complete portfolio and building-level damage data, post-impact.

SIZING LOSSES

Opportunities

IMMEDIATE LOSS INSIGHTS

For ICEYE clients, there is no waiting around for loss estimates or adjuster reports. ICEYE's persistent natural catastrophe monitoring gives an immediate view of how your portfolio has been impacted.

KEEP STAKEHOLDERS INFORMED

Use ICEYE's accurate and near real-time event observation data to immediately update stakeholders on the impact of events on your book of business.

LOSS DATA, HOW YOU WANT IT

ICEYE tailors industry event briefings to the individual client, presenting loss data the exact way the client chooses to receive it, both at an industry and portfolio level.

ACCURATE RESERVING

Clients can accurately reserve for events based on ICEYE's 'truth' data, captured in near real-time, without relying on changeable loss estimates and avoiding loss creep.

Parametric products

Tap into ICEYE’s reliable, consistent, and verifiable data to address hard-to-insure risks and coverage gaps left by traditional indemnity policies.

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Opportunities

UNLOCK NEW MARKETS

The availability of consistent, accurate, and verifiable data holds the key to unlocking the parametric potential for a range of needs and scenarios, increasing insurance penetration, and closing protection gaps.

INSTANT CLAIMS PAYOUTS

Structure reliable and verifiable triggers and rapid claims settling mechanisms for multiple use cases, using ICEYE's accurate, objective and independent hazard data.

ENHANCE INNOVATION

ICEYE clients are able to meet and exceed customer demands for new and innovative risk transfer products, as a complement to existing solutions.

REDUCE BASIS RISK

ICEYE's highly-accurate event observation data reduce basis risk and build confidence that parametric solutions respond as expected.

Persistent natural catastrophe monitoring

Truth data in an era of extreme events. Like you have never seen before.

Solutions overview

Flood monitoring

Immediately understand the impacts of floods and base your decisions on reliable, near real-time flood extent and depth data, supported by ICEYE’s Synthetic Aperture Radar (SAR) satellite technology.

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