EigenRisk expands flood insights toolset

EigenRisk is 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.

“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," added 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.”

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