The collaboration aims to help insurers navigate the growing challenges posed by natural disasters, reduce loss exposure, and enhance policyholder trust.
Through ICEYE’s SAR-based monitoring capabilities, which deliver near real-time data regardless of time of day or weather conditions, Insurity’s geospatial analytics platform will now offer its customers enhanced visibility into disaster events. The technology integration equips P&C insurers with actionable insights that can improve disaster response, optimise resource allocation, and offer swift assistance to affected policyholders.
As climate events become more frequent and severe, access to precise data is crucial for effective response. The integration of ICEYE’s advanced satellite monitoring into Insurity’s platform allows insurers to make faster, more accurate decisions, ultimately benefitting policyholders during critical times. Insurity CEO Chris Lafond highlighted the partnership’s potential, noting, “Our collaboration with ICEYE underscores Insurity’s commitment to providing cutting-edge data and analytics to our customers. By integrating ICEYE’s real-time insights, we empower insurers to respond quickly and effectively to catastrophes, fostering greater resilience within the insurance industry.”
The partnership addresses a significant need within the insurance sector: the lack of immediate, reliable intelligence following natural disasters. Through seamless access to ICEYE’s geospatial data, Insurity clients can expedite claims processing and enhance the accuracy of their disaster response.
Paul Barron, ICEYE’s Global Head of Partnerships, praised the collaboration as a milestone in improving industry standards for catastrophe response, stating, “Working with Insurity allows us to scale our mission of delivering actionable insights. Together, we’re setting a new benchmark for resilience and response, giving P&C insurers a critical edge in policyholder service amid natural disasters.”
The partnership represents a strategic alignment between Insurity’s extensive platform capabilities and ICEYE’s satellite technology, aiming to redefine industry standards in disaster response and customer care for P&C insurers.
