Insurtech ICEYE, the Synthetic Aperture Radar (SAR) satellite operator known for giving insurers rapid catastrophe intelligence, has entered a global partnership with Risk Management Partners, a Munich Re unit that applies reinsurance expertise to climate risk analysis through its Location Risk Intelligence platform.
The agreement expands how flood risk gets assessed and monitored across insurance, banking, real estate, and corporate sectors.
Under the arrangement, ICEYE’s flood data and analytics will be built into Location Risk Intelligence, strengthening real-time flood analysis and reporting before, during, and after events. The update targets faster decisions when conditions shift quickly and exposure changes by the hour.
From January 2026, ICEYE’s Flood Archive and Flood Early Warning tools will also be available through the platform’s Events feature. Users will be able to track past and active events using a mix of public sources and specialist data feeds.
ICEYE said access to its SAR-based data through a widely used risk platform allows firms to better measure flood impact and act on it sooner. The focus sits on quantification, speed, and operational clarity, not theory.
The Events feature lets users follow developing situations as they unfold.
ICEYE will become the first commercial provider to deliver precise event-level flood data to the Munich Re platform, offering severity forecasts alongside rapid measurements of flood extent and depth.
Munich Re will also resell additional ICEYE products to clients worldwide. These include Flood Insights, Flood Rapid Impact, Hurricane Rapid Impact, and Wildfire Insights, extending coverage beyond flooding into other catastrophe types.
Sielker, head of re and insurance practice at ICEYE, said the collaboration marks a step forward in how satellite data and risk analytics come together for insurers and businesses facing rising flood exposure.
He said the aim is clearer understanding and more practical control as risks change faster than models once assumed.
At ICEYE, innovation is at the heart of what we do. Integrating our flood intelligence into Location Risk Intelligence, Munich Re’s powerful analytics platform, represents a major step forward in how leading-edge data and technology can be combined to enable insurers and businesses to better understand and manage the rapidly evolving flood risk landscape
Sielker, Head of Re/Insurance Practice at ICEYE
Christof Reinert, head of Risk Management Partners at Munich Re, said natural catastrophes are hitting more often and with greater force. He said companies need solutions that scale across portfolios and work across the full event cycle.
Reinert added that adding ICEYE’s flood event data strengthens the Location Risk Intelligence platform and sharpens insight into disaster exposure.
He said the result helps customers manage risk more actively and protect assets and operations when events strike.
In December, ICEYE launched five more satellites to close stubborn information gaps that slow response and recovery.
The satellites were integrated via Exolaunch and lifted off on 28 November 2025 on SpaceX’s Transporter-15 rideshare from Vandenberg Space Force Base in California.
The company specializes in SAR technology, providing high-resolution Earth observation data for continuous monitoring and disaster management.
ICEYE serves major clients like Swiss Re, Juniper Re, and Insurity, delivering near real-time insights for risk assessment, disaster response, and insurance applications.
