InsurTech ICEYE, the synthetic aperture radar (SAR) satellite operator providing catastrophe intelligence to insurers, has entered a global partnership with Risk Management Partners, a Munich Re unit specialising in climate risk analysis through its Location Risk Intelligence platform.
The agreement expands the assessment and monitoring of flood risk across the insurance, banking, real estate and corporate sectors, as insurers and asset owners face faster-changing exposure driven by climate volatility, according to Beinsure.
Under the partnership, ICEYE’s flood data and analytics will be integrated into Location Risk Intelligence, enhancing real-time flood analysis and reporting before, during and after events. The update is designed to support quicker decision-making as conditions evolve rapidly and exposure can change within hours.
From January 2026, ICEYE’s Flood Archive and Flood Early Warning tools will also be accessible through the platform’s Events feature.
This will allow users to track historical and active flood events using a combination of public information and specialist data feeds, supporting continuous situational awareness as events unfold.
ICEYE will become the first commercial provider to deliver event-level flood data to the Munich Re platform, offering severity forecasts alongside rapid measurements of flood extent and depth. Munich Re will also resell additional ICEYE products globally, including Flood Insights, Flood Rapid Impact, Hurricane Rapid Impact and Wildfire Insights, extending the partnership beyond flooding into other catastrophe risks.
ICEYE head of re/insurance practice Sielker said, “At ICEYE, innovation is at the heart of what we do. Integrating our flood intelligence into Location Risk Intelligence, Munich Re’s powerful analytics platform, represents a major step forward in how leading-edge data and technology can be combined to enable insurers and businesses to better understand and manage the rapidly evolving flood risk landscape”.
Risk Management Partners head Christof Reinert said natural catastrophes are occurring more frequently and with greater severity, increasing the need for solutions that scale across portfolios and operate throughout the full event lifecycle. He added that incorporating ICEYE’s flood event data strengthens the Location Risk Intelligence platform and improves insight into disaster exposure, helping customers protect assets and operations when events strike.
The partnership builds on ICEYE’s continued expansion of its satellite network. In December, the company launched five additional satellites to address persistent data gaps that can slow response and recovery efforts. The satellites were integrated via Exolaunch and launched on 28 November 2025 aboard SpaceX’s Transporter-15 rideshare mission from Vandenberg Space Force Base in California.
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