French insurer AXA’s Digital Commercial Platform (AXA DCP) has entered into a partnership with Finnish satellite operator ICEYE to incorporate synthetic aperture radar (SAR) imagery into its risk-monitoring services.
ICEYE satellite data will be used to monitor floods, fires and storms as it expands predictive risk services.
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AXA DCP, which uses AI to assess threats, said the satellite data will be applied across areas including natural catastrophes, cybercrime and geopolitical risk analysis.
AXA DCP CEO Pierre du Rostu said: “We are responding to the challenge of the polycrisis by evolving. Our goal is to make use of the very best solutions available to move beyond response to prediction and prevention.
“ICEYE is a world leader in monitoring natural catastrophes and provides the real-time insights our clients require even when it is dark, when there are clouds, when there is dust, smoke, or volcanic ash.”
ICEYE runs what it describes as the world’s “largest” constellation of SAR microsatellites, providing imagery to governments, defence organisations, intelligence bodies and commercial clients.
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By GlobalDataIts satellites are capable of near real-time observation regardless of weather or daylight, offering global coverage, frequent revisit rates and image resolution of around 25cm, the press statement read.
The company also merges SAR imagery with other intelligence sources to produce flood analytics, which will now feed into AXA DCP’s platform.
AXA DCP said the agreement supports its shift towards greater emphasis on prediction and prevention, helping customers anticipate disruptive events and limit potential damage.
It added that the collaboration is intended to strengthen AXA DCP’s capacity to evaluate and manage weather-related exposures through satellite-derived insights.
ICEYE Solutions senior vice-president Stephen Lathrope added: “Scaling access to ICEYE’s advanced SAR technology through AXA DCP is a transformative step for the insurance and risk management sector. It enables organisations to harness cutting-edge innovation at scale, unlock new insights, and fundamentally change how they prepare for, respond to and recover from catastrophic events.”
