ICEYE and Aon expand collaboration with flood and wildfire data agreement to enhance event response
ICEYE, a global leader in satellite-powered disaster management solutions, has expanded its data licensing agreement with Aon, a leading global professional services firm. The agreement now includes ICEYE's Flood Insights data globally and Wildfire Insights data for the US. Aon will incorporate this near real-time data into its event response capabilities for Reinsurance clients, facilitating loss analysis of catastrophic events.
ICEYE's NewSpace satellite constellation provides persistent monitoring with synthetic aperture radar (SAR) technology, offering uninterrupted visibility in any conditions. Hazard and damage data is made available within hours of an event, with regular updates as the situation develops. This collaboration aims to enhance clarity and confidence around the immediate financial impact of catastrophic events, enabling better business decisions for Aon's clients.
ICEYE, un leader globale nelle soluzioni di gestione delle crisi basate su satellite, ha ampliato il suo contratto di licenza dei dati con Aon, una delle principali aziende di servizi professionali a livello mondiale. L'accordo ora include i dati Flood Insights di ICEYE a livello globale e i dati Wildfire Insights per gli Stati Uniti. Aon integrerà questi dati quasi in tempo reale nelle sue capacità di risposta agli eventi per i clienti di Riassicurazione, facilitando l'analisi delle perdite derivanti da eventi catastrofici.
La costellazione di satelliti NewSpace di ICEYE fornisce un monitoraggio costante con tecnologia radar ad apertura sintetica (SAR), offrendo visibilità continua in qualsiasi condizione. I dati su pericoli e danni sono resi disponibili entro poche ore da un evento, con aggiornamenti regolari man mano che la situazione si sviluppa. Questa collaborazione mira a migliorare la chiarezza e la fiducia riguardo all'impatto finanziario immediato degli eventi catastrofici, consentendo migliori decisioni aziendali per i clienti di Aon.
ICEYE, un líder mundial en soluciones de gestión de desastres impulsadas por satélites, ha ampliado su acuerdo de licencia de datos con Aon, una destacada firma global de servicios profesionales. El acuerdo ahora incluye los datos Flood Insights de ICEYE a nivel mundial y los datos Wildfire Insights para EE. UU.. Aon incorporará estos datos casi en tiempo real en sus capacidades de respuesta a eventos para clientes de reaseguro, facilitando el análisis de pérdidas de eventos catastróficos.
La constelación de satélites NewSpace de ICEYE permite un monitoreo persistente con tecnología de radar de apertura sintética (SAR), ofreciendo visibilidad ininterrumpida en cualquier condición. Los datos sobre peligros y daños están disponibles en cuestión de horas después de un evento, con actualizaciones regulares a medida que la situación se desarrolla. Esta colaboración tiene como objetivo mejorar la claridad y la confianza en torno al impacto financiero inmediato de eventos catastróficos, permitiendo mejores decisiones comerciales para los clientes de Aon.
ICEYE는 위성 기반 재난 관리 솔루션의 세계적인 선두주자로서 Aon과의 데이터 라이선스 계약을 확대했습니다, Aon은 세계적인 전문 서비스 회사입니다. 이번 계약에는 ICEYE의 Flood Insights 데이터와 미국을 위한 Wildfire Insights 데이터가 포함됩니다. Aon은 이 거의 실시간 데이터를 재보험 고객을 위한 사건 대응 능력에 통합하여 재앙적 사건의 손실 분석을 용이하게 할 것입니다.
ICEYE의 NewSpace 위성 군집은 합성 개구 레이더(SAR) 기술로 지속적인 모니터링을 제공하여 어떤 조건에서도 중단 없는 가시성을 제공합니다. 위험 및 피해 데이터는 사건 발생 후 몇 시간 이내에 제공됩니다, 상황이 발전함에 따라 정기 업데이트가 이루어집니다. 이 협업은 재앙적 사건의 즉각적인 재정적 영향에 대한 명확성과 신뢰를 높여 Aon 고객의 더 나은 비즈니스 결정을 가능하게 하는 것을 목표로 합니다.
ICEYE, un leader mondial dans les solutions de gestion des catastrophes par satellite, a étendu son accord de licence de données avec Aon, une entreprise mondiale de services professionnels. L'accord comprend désormais les données Flood Insights d'ICEYE à l'échelle mondiale et les données Wildfire Insights pour les États-Unis. Aon incorporera ces données en quasi-temps réel dans ses capacités de réponse aux événements pour les clients en réassurance, facilitant l'analyse des pertes liées à des événements catastrophiques.
La constellation de satellites NewSpace d'ICEYE fournit une surveillance continue avec une technologie de radar à synthèse d'ouverture (SAR), offrant une visibilité ininterrompue dans toutes les conditions. Les données sur les dangers et les dommages sont mises à disposition dans les heures suivant un événement, avec des mises à jour régulières à mesure que la situation évolue. Cette collaboration vise à améliorer la clarté et la confiance quant à l'impact financier immédiat des événements catastrophiques, permettant de meilleures décisions commerciales pour les clients d'Aon.
ICEYE, ein weltweit führendes Unternehmen für satellitengestützte Katastrophenmanagementlösungen, hat die Datenlizenzvereinbarung mit Aon erweitert, einer führenden globalen Unternehmensberatungsfirma. Die Vereinbarung umfasst nun ICEYE's Flood Insights-Daten weltweit und Wildfire Insights-Daten für die USA. Aon wird diese nahezu in Echtzeit verfügbaren Daten in seine Ereignisreaktionsfähigkeiten für Rückversicherungs-Kunden integrieren und so die Verlustanalyse von Katastrophenereignissen erleichtern.
Die NewSpace-Satellitenkonstellation von ICEYE ermöglicht konstante Überwachung mit synthetischer Aperturradar (SAR)-Technologie und bietet unterbrechungsfreie Sichtbarkeit unter allen Bedingungen. Gefahren- und Schadensdaten sind innerhalb von Stunden nach einem Ereignis verfügbar, mit regelmäßigen Updates, während sich die Situation entwickelt. Diese Zusammenarbeit zielt darauf ab, Klarheit und Vertrauen bezüglich der unmittelbaren finanziellen Auswirkungen von Katastrophenereignissen zu verbessern und so bessere Geschäftsentscheidungen für Aons Kunden zu ermöglichen.
- Expansion of data licensing agreement to include global Flood Insights and US Wildfire Insights
- Integration of near real-time flood and wildfire data into Aon's event response capabilities
- Provision of high-resolution, location-level analysis for flood and wildfire damage to properties
- Availability of hazard and damage data within hours of an event occurrence
- Enhanced clarity and confidence around the immediate financial impact of catastrophic events for Aon's clients
- None.
Insights
The expanded collaboration between ICEYE and Aon signifies a significant advancement in catastrophe risk management for the insurance industry. By incorporating ICEYE's near real-time flood and wildfire data, Aon enhances its ability to provide rapid, accurate assessments of catastrophic events. This partnership addresses the growing need for precise risk evaluation in an era of increasing climate-related disasters.
The integration of satellite-powered data into insurance analytics represents a technological leap that could potentially
ICEYE's satellite technology, utilizing Synthetic Aperture Radar (SAR), represents a significant leap in Earth observation capabilities. The ability to provide uninterrupted visibility regardless of weather conditions or time of day is a game-changer for disaster monitoring. This technology's application in the insurance sector demonstrates its versatility and commercial viability.
The expansion of ICEYE's satellite constellation suggests ongoing investment in R&D and infrastructure, which could lead to further innovations and market opportunities. For tech-savvy investors, this partnership highlights the growing intersection of space technology and data analytics in solving real-world problems. It also underscores the potential for NewSpace companies to generate substantial revenue streams through data services, rather than solely relying on satellite manufacturing or launch services.
This expanded agreement likely represents a significant revenue opportunity for ICEYE, potentially boosting its financial performance. For Aon, the investment in advanced data services could lead to improved risk assessment accuracy, potentially resulting in better pricing models and reduced claim payouts. This could positively impact Aon's profitability in the long term.
Investors should note the growing market for climate risk data in the insurance sector. As natural disasters become more frequent and severe, companies providing accurate, real-time data are likely to see increased demand for their services. This trend could drive growth in the satellite data analytics market, benefiting companies like ICEYE. However, it's important to consider the potential regulatory risks and competition in this rapidly evolving sector when assessing long-term investment prospects.
Under the agreement, Aon will incorporate ICEYE's near real-time flood and wildfire data into its event response capabilities for Reinsurance clients, to facilitate the loss analysis of catastrophic events. The high-resolution Insights data from ICEYE allows Aon to provide clients with detailed location-level analysis on flood and wildfire insights into damage of properties.
ICEYE's large constellation of NewSpace satellites provides access to a new level of persistent monitoring for any location on Earth, with synthetic aperture radar (SAR) technology delivering uninterrupted visibility, day and night, in any weather conditions and through smoke. Hazard and damage data is made available within hours of an event occurring with updated analysis provided at regular intervals as the flood or wildfire develops.
Stephen Lathrope, Senior Vice President for Solutions, ICEYE, added: "ICEYE is delighted to be expanding its data agreement with Aon and building on the success of the solutions we have supported. In an increasingly volatile natural catastrophe environment characterized by increasing frequency, severity, and complexity, rapid access to damage and hazard data will be critical. At ICEYE, we continue to expand our constellations and enhance our technology as we help shape the future of satellite-powered, data-driven disaster response."
Commenting on the announcement, Dan Dick, Global Head of Property Analytics for Reinsurance at Aon, said: "As climate risk further influences the behavior of weather events, Aon is committed to providing its clients with the most accurate and comprehensive catastrophe data and analytics. By integrating ICEYE's Flood Insights and Wildfire Insights into our event response solutions, we can provide enhanced clarity and confidence around the immediate financial impact of catastrophic events as they develop, ultimately leading to better business decisions for our clients."
ICEYE and Aon previously collaborated to provide insurers with flood hazard data following severe flooding events in
About ICEYE
ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.
Owning the world's largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.
ICEYE operates internationally with offices in
Media contact: press@iceye.fi
Visit www.iceye.com and follow ICEYE on LinkedIn and X for the latest updates and insights.
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide our clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.
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Aon
Media Contact
Andrew Wragg
+44 (0) 7595 217168
andrew.wragg@aon.com
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SOURCE ICEYE
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