ICEYE Enters Into Strategic Partnership with Swiss Re Advancing Natural Catastrophe Services with Radar Satellite-Based Flood Monitoring2 Mar 2021, 18:31 UTC
The partnership combines ICEYE’s flood monitoring competence with Swiss Re’s risk knowledge to provide enhanced insights and tailored solutions for reinsurance and insurance clients worldwide.
HELSINKI, Finland, March 2, 2021 (ICEYE PR) – ICEYE, the largest commercial synthetic-aperture Radar (SAR) satellite operator and flood monitoring provider, announces its strategic partnership with Swiss Re, one of the world’s leading providers of reinsurance and insurance. Building on ICEYE’s innovative technology, the partnership will advance flood risk management, assist disaster response and speed up claims payments globally. Swiss Re’s clients will benefit from enhanced insights and bespoke solutions.
The partnership announced today will advance Swiss Re’s natural catastrophe services by enabling early warning systems and near real-time flood monitoring built on ICEYE’s world-leading flood monitoring capabilities with radar satellite imaging. ICEYE’s unique radar satellite constellation, high resolution imaging capabilities, and rapid response analysis fuels ICEYE’s monitoring solution, which offers global coverage for Swiss Re to track and react faster to floods around the globe.
The strategic partnership will initially focus on floods and it is intended to expand to other perils soon after, such as wildfires, wind and earthquake damages.
Flooding has been consistently one of the most recurrent and costly natural catastrophes ...