ICEYE and Aon expand collaboration with flood and wildfire data agreement to enhance event response

Core Insights - ICEYE has expanded its data licensing agreement with Aon to include global Flood Insights and US Wildfire Insights data, enhancing Aon's event response capabilities for reinsurance clients [1][2] - The collaboration aims to provide detailed location-level analysis on property damage from catastrophic events, leveraging ICEYE's near real-time data [1][2] Company Overview - ICEYE operates the world's largest synthetic aperture radar (SAR) satellite constellation, offering persistent monitoring capabilities for any location on Earth, regardless of weather conditions [2][3] - The company provides actionable data within hours of an event, with regular updates as situations develop, which is critical in the context of increasing natural disasters [2][3] Industry Context - Aon emphasizes the importance of accurate catastrophe data and analytics in the face of climate risk, aiming to improve decision-making for clients affected by catastrophic events [2][4] - The partnership between ICEYE and Aon is positioned to enhance clarity and confidence regarding the financial impacts of disasters, ultimately benefiting business decisions for clients [2][4]