The agreement is intended to broaden access to near real-time flood and other event-based insights for re/insurance and corporate clients.
Under the collaboration, ICEYE’s flood solutions will be integrated into the Location Risk Intelligence platform, which is used to assess and manage exposure to natural hazards and climate-related risks. The platform aggregates multiple data sources to support underwriting, portfolio steering, and operational risk decisions.
The tie-up comes at a time when global catastrophe losses remain elevated, even in relatively quiet quarters. Gallagher Re estimates preliminary insured losses of about US$105 billion for the first nine months of 2025, with the five costliest events – including two January wildfires in Los Angeles and three severe convective storm outbreaks in the US – accounting for 54% of all insured losses, underscoring demand for more granular event intelligence and monitoring tools.
Within Location Risk Intelligence, the ICEYE integration is expected to enhance real-time flood risk analysis and reporting before, during, and after events. Users such as re/insurers, banks, real estate managers, and corporates will be able to tap ICEYE’s SAR-based data to help quantify flood impact and support faster, data-driven responses.
From January 2026, ICEYE’s Flood Archive and Flood Early Warning products will be available through the platform’s Events feature. That feature allows users to track historical and ongoing events using a combination of public information and vendor data feeds.
Additional ICEYE offerings, including Flood Insights, Flood Rapid Impact, Hurricane Rapid Impact, and Wildfire Insights, will be available for Munich Re to resell to clients globally.
Read more: Catastrophe modeling's new era
The partnership also fits into a wider shift in catastrophe modeling, particularly for secondary perils such as flood and wildfire.
Industry analysts point to a surge of investment and competition that is delivering sharper views of risk, but also raising questions over how much future climate change should be built into models and how these tools can support structures such as parametric covers and new risk-transfer formats.
Christof Reinert (pictured above), head of Risk Management Partners at Munich Re, said the integration responds to shifting loss patterns.
“Natural catastrophes are becoming more frequent and severe. Businesses need scalable solutions to manage these risks before, during, and after disaster events strike,” he said, adding that ICEYE’s data “provides even more comprehensive insights into natural risk disaster exposure” and strengthens the Location Risk Intelligence offering for customers.
