EigenRisk® Adds ICEYE Flood Insights to Its Global Disaster Risk Management Platform – Parabolic Arc

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HELSINKI, Finland, April 20, 2022 (ICEYE PR) – ICE EYEone of the world’s leading providers of SAR data and an expert in environmental flood hazard data, and EigenRisk®a leading independent insurance technology platform provider, today announced a new agreement to integrate ICEYE’s unique flood insights for large-scale flood events into the management platform disaster risk EigenPrism®.

EigenPrism provides a single cloud-based platform for disaster data, analytics, modeling and reporting. Covering all major perils, the system is designed to support enhanced global disaster planning, monitoring and response capabilities.

ICEYE owns and operates the largest constellation of SAR satellites in the world. By combining high-resolution satellite imagery with auxiliary information sources, the company generates unique flood observation data anywhere in the world in near real time, including precise footprints of flood extent and detailed measurements. the depth of flooding at each building.

“With the impact of global climate change, flood exposures now represent greater threats than ever to businesses, communities and government entities in all regions of the world, and difficult challenges for commercial and residential insurers and reinsurance companies,” said Deepak Badoni, President, EigenRisk. “Our relationship with ICEYE provides access to valuable data to quickly assess inland or coastal flood footprints anywhere in the world, which can help facilitate timely event response and loss assessment exercises.”

“We are excited to work with EigenRisk as one of our ICEYE Solution Partners and bring our industry-leading flood insights to the risk management and insurance community through their EigenPrism platform. “, said Rafal Modrzewski, CEO and co-founder, ICEEYE. “Our satellite-based flood monitoring tools provide accurate near real-time assessments, regardless of weather conditions, making them essential resources for effective flood risk management and disaster response.”

About EigenRisk®

EigenRisk, Inc., an independent insurance technology company, helps (re)insurers, brokers and risk managers around the world manage catastrophe risk and drive growth, customer engagement and growth. operational efficiency. The company’s cloud-based platform provides one-stop access to powerful data management, geo-visualization, analytics, reporting, modeling, alerting, and API capabilities. These capabilities are integrated with hazard data, event projections and curated simulations from more than 20 leading public and private sources to provide a more dynamic and comprehensive view of risk. Visit www.eigenrisk.com.

About ICEYE

ICEYE offers unparalleled persistent surveillance capabilities for any location on earth. With the world’s largest synthetic aperture radar constellation, the company enables its customers to make objective, data-driven decisions in industries such as insurance, natural disaster response and recovery, security, maritime surveillance and finance. ICEYE data can be collected day or night, and even through cloud cover. For more information, please visit: www.iceye.com.

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