- ICEYE’s Flood Insights product is the world’s first consistent, near real-time source for flood observation data. ICEYE’s data layers are used across a wide spectrum of operational and financial use cases, including but not limited to rapid situational awareness, sizing event losses, communicating with affected policyholders, allocating resources for event response, claims triage and processing and supporting risk-transfer of flood exposures.
- ICEYE’s Wildfire Insights product provides building-level impact data for a wildfire event in near real-time based on satellite imagery and a combination of advanced analytics and machine learning. Until now, when aerial optical imagery was available for a wildfire event, insurers often had to scan through images and annotate them by themselves to determine if their individual properties were impacted. ICEYE’s wildfire monitoring offers near real-time situational awareness to base your decisions on rapid and verifiable observation data.
ICEYE
ICEYE aims to help people make informed, data-driven decisions to address time-critical challenges, especially in the sectors of insurance and natural catastrophe response and recovery.
ICEYE delivers unmatched persistent monitoring capabilities for any location on Earth. Owning the world’s largest Synthetic Aperture Radar (SAR) constellation, ICEYE captures data required to provide powerful NatCat insights and solutions for insurance – enabling radically new products to be created, refining underwriting, managing natural catastrophe response and claims, sizing the impact of events, and monitoring assets to allow management of risk. Thanks to the benefits of SAR technology, ICEYE’s data can be collected day or night, and even through cloud cover.
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Advantages
Features
- Access to comprehensive flood extent and building-level flood depth data is essential for verifying claims of damage, allocating resources for recovery, planning logistics to access affected areas, and speeding up the recovery process. ICEYE’s Flood Insights product includes ICEYE’s flood monitoring service to inform customers what events ICEYE is expecting, observing, or analyzing, and data layers and summary reports about flood events globally.
- ICEYE’s Wildfire building damage assessment product delivers the output in a vector format (either latitude, longitude points or building footprints) with a binary classification of damage (‘destroyed’/’undamaged’) per location, within 24 hours.
Expertise
- Owning the world’s largest Synthetic Aperture Radar (SAR) constellation, ICEYE empowers the re/insurance industry to make better and timelier operational and financial decisions about managing and responding to natural catastrophe events. The satellites generate high-resolution imagery of building damage through clouds, at night, and most importantly through smoke.
- The Flood Insights Product combines ICEYE’s SAR satellite imagery with an abundance of third-party data, algorithms, and machine learning, supported by a team of experts from the fields of meteorology and advanced geospatial analytics. Depending on the individual needs of each customer organization, we provide an actionable output of flood depth and extent data that can seamlessly flow into the claims and GIS systems that insurance companies and public sector organizations use today.