Under the agreement, AXA DCP will utilise ICEYE's SAR technology to track floods, wildfires, hurricanes, and other extreme weather events. The satellite operator's technology provides near real-time data regardless of time of day or environmental conditions such as cloud cover, dust, smoke, or volcanic ash.
ICEYE's SAR satellites offer global coverage and high-resolution imaging down to approximately 25cm. The company serves as a defence-intelligence partner to several NATO members, including Finland, Poland, and the Netherlands.
AXA DCP is a risk management platform that combines technology with human expertise to address threats including natural disasters, cybercrime, and geopolitical shifts. The platform focuses on prediction and prevention rather than response alone.
Pierre du Rostu, CEO of AXA DCP, described the agreement as a "landmark deal."
"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," du Rostu said.
He noted that ICEYE's capabilities allow the platform to deliver insights to clients even in conditions where visibility is limited.
"We are pleased to be able to combine our expertise with their proprietary data to support our clients and wider society. This is a clear reflection of our ongoing commitment to using state-of-the-art technology to transform insurance," du Rostu said.
Stephen Lathrope, SVP Solutions at ICEYE, said the partnership represents a significant development 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," Lathrope said.
The partnership comes as businesses face what industry observers have termed a "polycrisis," where interconnected risks present challenges for traditional risk management approaches.
