Develop highly competitive parametric insurance products with frequent and reliable radar satellite data.
Flood risks are largely underinsured in developing and developed countries. For insurance and reinsurance companies the annual fluctuation of flood generated losses means risks that must be balanced with extremely high competitiveness in flood insurance products.
ICEYE Flood Extent & Persistent Index Solution provides near-real-time, persistent monitoring of affected areas during flood events regardless of weather and daylight conditions. ICEYE’s customized analysis services provides a reliable basis for analyzing flood information for insurance decision makers.
Enhancing Parametric Flood Insurance Business with Actionable Radar Satellite Data
Read an introduction to the advantages and opportunities in using radar satellite data for parametric flood insurance
Blog: SAR Satellite Data Paves Way Towards New Parametric Flood Insurance Products
New radar satellite imaging technologies are ideal for developing highly competitive parametric insurance products to address flood events