Reinsurance News
SAR data provider and expert in environmental flood hazard data, ICEYE and EigenRisk, a leading and independent insurance technology platform provider, have announced a new agreement to incorporate ICEYE’s flood insights for large-scale flood events into the EigenPrism catastrophe risk management platform. EigenPrism provides a single, cloud-based platform for catastrophe data, analytics, modelling and reporting. Spanning all major perils, the system is designed to support enhanced planning, monitoring, and response capabilities for global catastrophes. In addition. ICEYE owns and operates the worlds largest SAR satellite constellation. By combining high resolution satellite imagery with auxiliary information sources, ICEYE is able to generate unique flood observation data anywhere in the world in near real-time, which includes accurate flood extent footprints and detailed flood depth measurements at the individual building level. EigenRisk President, Deepak Badoni, commented: “With the impact of global climate change, flood exposures now pose more significant threats than ever to businesses, communities and government entities in all areas of the world, and difficult challenges for commercial and residential insurers, and reinsurance companies. “Our relationship with ICEYE provides access to valuable data to quickly evaluate inland or coastal flood footprints anywhere in the world, which can help facilitate timely event response and loss sizing exercises.”
Chief Executive Officer and co-founder of ICEYE, Rafal Modrzewski, added, “We’re pleased to work with EigenRisk as one of our ICEYE Solutions Partners and to offer our market-leading flood insights to the risk management and insurance community through their EigenPrism platform. “Our satellite-based flood monitoring tools deliver precise assessments in near real-time regardless of weather conditions, which make them critical resources for effective flood risk management and disaster response.”

ICEYE adds flood insights to EigenRisk’s cat risk management platform

HELSINKI, Finland, April 20, 2022 (ICEYE PR) –  ICEYE , a world-leading SAR data provider and expert in environmental flood hazard data, and  EigenRisk® , a leading and independent insurance technology platform provider, have today announced a new agreement to incorporate ICEYE’s unique flood insights for large-scale flood events into the EigenPrism® catastrophe risk management platform. EigenPrism provides a single, cloud-based platform for catastrophe data, analytics, modeling and reporting. Spanning all major perils, the system is designed to support enhanced planning, monitoring and response capabilities for global catastrophes. ICEYE owns and operates the world’s largest SAR satellite constellation. 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 accurate flood extent footprints and detailed flood depth measurements at the individual building level. “With the impact of global climate change, flood exposures now pose more significant threats than ever to businesses, communities and government entities in all areas 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 evaluate inland or coastal flood footprints anywhere in the world, which can help facilitate timely event response and loss sizing exercises.”
“We’re pleased to work with EigenRisk as one of our ICEYE Solutions Partners and to offer our market-leading flood insights to the risk management and insurance community through their EigenPrism platform,” said Rafal Modrzewski, chief executive officer and co-founder, ICEYE. “Our satellite-based flood monitoring tools deliver precise assessments in near real-time regardless of weather conditions, which make them critical resources for effective flood risk management and disaster response.”
About EigenRisk®
EigenRisk, Inc., an independent insurance technology firm, helps (re)insurers, brokers and risk managers across the globe manage catastrophe risk, and drive higher growth, customer engagement and operational efficiency. The firm’s cloud-based platform provides one-stop access to powerful data management, geo-visualization, analytics, reporting, modeling, alerts and APIs. These capabilities are integrated with hazard data, event projections and simulations curated from more than 20 leading public and private sources to provide a more dynamic and complete perspective of risk. Visit  www.eigenrisk.com . About ICEYE
ICEYE delivers unmatched persistent monitoring capabilities for any location on earth. Owning the world’s largest synthetic-aperture radar constellation, the company enables objective, data-driven decisions for its customers in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring and finance. ICEYE’s data can be collected day or night, and even through cloud cover. For more information, please visit:  www.iceye.com .

EigenRisk® Adds ICEYE’s Flood Insights to Its Global Catastrophe Risk Management Platform

EigenRisk Platform for Risk Analytics and Event Response Selected by      Alesco Risk Management Services Limited
November 04, 2016 04:05 AM Eastern Daylight Time
LONDON--( BUSINESS WIRE )--EigenRisk Inc. is providing Alesco Risk Management Services Limited      (Alesco) with its award winning EigenPrism™ platform for risk analytics      and real-time event response. Alesco will use the platform to enhance its ability to address the      complex risk management and insurance needs of its clients in the global      property, construction and energy insurance markets. The full suite of dynamic modeling and analytical capabilities will      enable Alesco’s expert consultants to help their clients assess and      manage significant exposures to natural catastrophes, and negotiate      related coverages more effectively with underwriters. The real-time event response capability will facilitate faster response      and loss mitigation strategies as events unfold, while relevant and      timely automated notifications will allow for proactive adjustments in      disaster response, business continuity and claims management activities. Derek Thrumble, Managing Partner, Alesco, commented: “The EigenRisk team      share our passion for leveraging advances in risk analytics to really      empower and inform timely decision-making, whether our own, our clients      or that of our markets, and we’ve been impressed by their collaborative      approach. EigenPrism addresses a gap in the market for large corporate      and multinational accounts which require an efficient and timely      analysis of their exposure to natural catastrophes and we look forward      to working with the team.”
Notably, EigenPrism will provide Alesco’s experts with the ability to      run multiple scenarios from multiple data and modeling partners on the      platform, enhancing their ability to help clients assess catastrophic      exposures, allocate resources for disaster planning and property claims      management with greater speed and efficiency, and negotiate related      coverages more effectively with underwriters. “We’re delighted to have entered a new relationship with Alesco, which      expands our footprint in the London and European markets. And we are      excited to collaborate with Alesco’s team of risk and insurance experts      as we continue to enhance our platform’s analytical and modeling      capabilities and the value it unlocks for our customers,” said Eduardo      Hernandez, Co-Founder & Head of Business Development, EigenRisk, Inc.
About Alesco
Alesco Risk Management Services Limited (Alesco) is a fast growing and      dynamic insurance broker that specialises in energy, construction,      terrorism, alternative risk transfer, property liability and related      lines of business. Alesco’s commitment to excellence in client management is unequalled and      offers a single point of contact for global clients who need to access      multiple markets. It combines the strength and reach of a global brand,      with the service levels and flexibility of a specialist independent      broker. www.alescorms.com
About EigenRisk™
EigenRisk™, Inc., is an independent insurance technology firm delivering      speed-of-thought risk analytics and open architecture model execution      platform to the insurance, reinsurance, brokerage, and risk management      community.


EigenRisk Platform for Risk Analytics and Event Response Selected by Alesco Risk Management Services Limited

Beecher Carlson is an insurance brokerage and risk management consulting firm focused on specific industries and values. Beecher Carlson is committed to developing new and better technologies that support clients' business requirements and drive operational excellence. Beecher Carlson operates on a single profit center model, allowing clients access to the resources they need to meet their objectives - regardless of geography.  Beecher Carlson is a privately held company with its corporate office inAtlanta,GA and maintains offices throughout the United States and in Bermuda.In July 2013, Beecher Carlson Holdings was acquired by Brown & Brown. The valuation of Beecher Carlson Holdings was undisclosed. Other terms of the deal were not released.

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ATLANTA -LRB- September 30 , 2021 -RRB- -- Beecher Carlson -LRB- `` Beecher Carlson '' -RRB- , a specialized large account insurance broker , announced that it has entered into a partnership with EigenRisk , Inc. , an independent insurance technology firm founded in 2014 .

Beecher Carlson Partners with EigenRisk to Deliver Real-Time Catastrophic Risk Analytics and Insights - Beecher Carlson

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