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Swiss Re announces strategic partnership with radar satellite-based flood monitoring provider ICEYE

03 March 2021 Swiss Re

• Partnership combines Swiss Re’s risk knowledge with data from leading commercial radar satellite operator
• It will advance flood risk management, assist disaster response and expedite claims payments globally
• Swiss Re’s clients to benefit from enhanced insights and bespoke solutions

Swiss Re has entered into a strategic partnership with ICEYE, the largest commercial synthetic-aperture radar (SAR) satellite operator and flood monitoring provider. Building on ICEYE’s innovative technology, the partnership will advance flood risk management, assist disaster response and speed up claims payments globally. Swiss Re’s clients will benefit from enhanced insights and bespoke solutions.

The partnership announced today will advance Swiss Re’s natural catastrophe services by enabling early warning systems and near real-time flood monitoring built on ICEYE’s world-leading flood monitoring capabilities with radar satellite imaging. ICEYE’s unique radar satellite constellation, high resolution imaging capabilities, and rapid response analysis fuels ICEYE’s monitoring solution, which offers global coverage for Swiss Re to track and react faster to floods around the globe.

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