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
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.
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Sizing Flood Losses with Accurate Observation Data: The Art of the Possible for (Re)Insurers
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.
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 and damage 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.
“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.”
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.
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.
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.
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.
Evolve from a slow and resource-intensive process of primarily relying on loss estimates to automatically ingest accurate and complete portfolio and property level damage data, post-impact.
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.
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.
Tap into ICEYE’s reliable, consistent, and verifiable data to address hard-to-insure risks and coverage gaps left by traditional indemnity policies.
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.
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.
Base your decisions on reliable near real-time data, both extent and depth for all floods, supported by ICEYE’s synthetic aperture radar (SAR) satellite technology.
Respond to wildfires in innovative ways by leveraging ICEYE’s unique persistent monitoring capabilities.
Gain access to situational awareness and near real-time damage data related to storms that occur across the globe.
Embrace a proactive approach with ICEYE’s actionable insights before, during, and after an earthquake.
RELATED BLOG POSTS
Explore relevant use cases of ICEYE SAR satellite data for the insurance industry.
July 27, 2022
Hurricane Season 2022: The Power of Near Real-Time Flood Insights
In a recent webinar with EigenRisk, we discussed the synergies of our partnership and what it means for the future of flood insurance and ...
July 6, 2022
The Thrill of a Satellite Launch
On 25 May, I had the privilege to participate in the launch of five of ICEYE's new SAR satellites in person at Cape Canaveral in Florida - ...