HELSINKI, Sept. 4, 2024 /PRNewswire/ -- ICEYE, a
global leader in satellite-powered disaster management solutions,
has announced that Aon, a leading global professional services
firm, has expanded its data licensing agreement to include ICEYE's
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 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 Japan to help reduce volatility and better
understand the post-event impact on their portfolios.
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 Finland, Poland, Spain, the UK, and the US. We have more than
700 employees, inspired by the shared vision of improving life on
Earth by becoming the global source of truth in Earth
Observation.
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.
Follow Aon on LinkedIn, X, Facebook and Instagram. Stay
up-to-date by visiting Aon's newsroom and sign up for news alerts
here.
Aon UK Limited is authorised and regulated by the Financial
Conduct Authority for the provision of regulated products and
services in the UK. Registered in England and Wales. Registered number: 00210725. Registered
Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall
Street, London EC3V 4AN. Tel: 020
7623 5500. FP #13147 has been approved until September 3rd, 2026, after which time
the content should not be used or distributed.
Media Contact
Andrew Wragg
+44 (0) 7595 217168
andrew.wragg@aon.com
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