ICEYE, Juniper Re ink multi-year flood and wildfire knowledge partnership

ICEYE has entered into a knowledge collaboration settlement with Juniper Re, a subsidiary of BRP Group, to allow Juniper Re to make the most of ICEYE’s flood and wildfire insights knowledge, enhancing their service providing to provider shoppers by offering close to real-time knowledge on important occasions.

Juniper Re explains that this initiative is a part of the corporate’s dedication to integrating options to bolster shopper assist. Via speedy entry to detailed hazard and injury assessments offered by ICEYE, Juniper Re’s shoppers shall be outfitted to reply swiftly and successfully to pure disasters, thereby enhancing their decision-making processes and capability to handle potential losses.

ICEYE operates a constellation of artificial aperture radar (SAR) satellites globally, that are pivotal in offering steady Earth commentary knowledge. This know-how ensures the insurance coverage trade can keep fixed monitoring of any location worldwide, providing constant visibility no matter climate situations or time of day.

Adam Miron, head of disaster analytics at Juniper Re, emphasised the transformative impression of this know-how.

“ICEYE’s ground-breaking know-how is a recreation changer for persistent monitoring and actionable insights. The flexibility to establish particular dangers and ground-truth injury at scale, regardless of the situation, in close to real-time is revolutionary. Harm may be understood in hours versus days, permitting our shoppers to shortly perceive the impression of an occasion and promptly undertake loss mitigation steps,” Miron stated.

Kurt Jackson, head of insurance coverage, Americas at ICEYE, additionally expressed enthusiasm in regards to the partnership.

“We’re delighted to collaborate with Juniper Re and assist the event of modern knowledge options. This collaboration aligns with ICEYE’s mission to get close to real-time noticed knowledge into the arms of carriers and brokers following excessive climate occasions, enabling the trade to make higher and quicker selections,” Jackson stated.

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