ICEYE and Aon Extend Natural Disaster Data Agreement
9th Sep 2024
ICEYE, provider of satellite-powered disaster management solutions, has announced an expanded agreement with Aon, a global professional services firm.
ICEYE and Aon expand collaboration with flood and wildfire data agreement
Under the agreement, ICEYE and Aon will work together on things like Flood insights and Wildfire data. Aon will now incorporate the accurate and nearly real-time data provided by ICEYE in its event response capabilities. This will enable loss analysis for natural disasters, including things like damage to property and potential future risks.
ICEYE has a constellation of satellites providing persistent monitoring for any location on earth, and much include synthetic aperture radar (SAR) technology delivering uninterrupted visibility even with challenges like the smoke produced in wildfires.
Stephen Lathrope, who is the Senior Vice President for Solutions, ICEYE, gave his thoughts on the deal: “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.”
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.”
Background
The two companies have worked together previously, sharing data regarding severe floods in Asia to try to understand the post-flood impacts.
ICEYE is a large organisation with offices in Finland, Poland, Spain, the UK, and the US. Likewise, Aon works with clients in 120+ countries.
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