Satellite monitoring provider ICEYE has expanded its data licensing agreement with Aon to include flood insights data globally and wildfire insights data for the US.

Under the agreement, Aon will incorporate ICEYE’s near real-time flood and wildfire data into its event response capabilities for reinsurance clients, to enable the loss analysis of catastrophic events. The data will allow 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 monitoring for any location on Earth, with synthetic aperture radar (SAR) technology providing visibility day and night and in any weather conditions. Hazard and damage data is made available within hours of an event occurring with regular updates as the flood or wildfire develops.

Stephen Lathrope, senior vice president for solutions at ICEYE, said: “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.”

Dan Dick, global head of property analytics for reinsurance at Aon, added: “As climate risk further influences the behaviour 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.”

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