A Case Study in Collecting Actionable Data in the Era of Extreme Floods

Presented by

Matthew Grant, InsTech London; Nathan Uhlenbrock, ICEYE; Rosina Smith, McKenzie Intelligence Services

About this talk

In July and August 2021, heavy rain hit Northern Europe, followed by Hurricane Ida in the US and the Caribbean, resulting in billions of dollars of loss for the insurance market. With the capability to see through darkness and clouds, ICEYE was able to generate data on the flood depths and define the number of impacted buildings within hours of the occurrence enabling insurers to take immediate action to respond to their client’s needs. For this panel discussion, Matthew Grant will be joined by Nathan Uhlenbrock, Solutions Architect at ICEYE and Rosina Smith, Head of Product at McKenzie Intelligence Services. They will walk through the process of how ICEYE deployed its synthetic aperture radar (SAR) satellites during these events, gathered the data, and provided its insurance and other clients with key information including flood depth. Ultimately, the speakers will discuss the future of how this data can be transformed into insights for decision-making.

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InsTech London is the fastest growing community of people and companies working together to bring the best technology, data and analytics to solve today's insurance and risk management challenges. Based in the UK but with over 50% of our members accessing us from around the world, we are bringing together people from companies of all sizes in insurance, technology, risk management and investment. The primary roles of InsTech London are 1) to help insurance companies find the best solutions to their needs, and 2) help technology companies find markets, investors and clients. We also offer individual membership and corporate membership. More details at www.instech.london