ICEYE nat cat data being integrated into Guidewire

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Guidewire, a provider of software solutions to the insurance industry, and ICEYE, of satellite-powered disaster management solutions provider, have launched ICEYE’s new Ready for Guidewire validated accelerator on the Guidewire Marketplace, now accessible to ClaimCenter users on Guidewire Cloud.

ICEYE, a recent graduate of the Insurtech Vanguards programme and winner of Guidewire’s first Insurtech Vanguards Pitch Day, has become a Solution partner in the Guidewire PartnerConnect network.

“ICEYE’s unique NatCat insight data, delivered in near-real time into Guidewire’s market-leading claim software, will transform the way insurers can respond and support their customers at a time of significant stress and challenge,” commented Rupert Bidwell, Vice President, Insurance Solutions, ICEYE.

ICEYE’s NatCat Insights solution utilises its proprietary synthetic aperture radar (SAR) satellite constellation combined with extensive third-party data to provide continuous monitoring capabilities for rapid and precise detection and response to climate-related changes worldwide.

This enables insurers to enhance response strategies, engage proactively with policyholders, assess losses accurately, prioritise affected regions, and allocate resources effectively. ICEYE’s accelerator seamlessly integrates NatCat Insights with ClaimCenter on Guidewire Cloud.

“Congratulations to ICEYE on the release of its new ClaimCenter integration,” added Will Murphy, Vice President, Global Technology Alliances, Guidewire.

“ICEYE’s technology supports insurers across a broad spectrum of catastrophe event response and claim processes including rapid situational awareness, customer resilience and communication, third-party supplier management, FNOL, triage, fraud, and claims payments,” continued Murphy.

The ICEYE Accelerator for NatCat Insights allows insurers to seamlessly incorporate ICEYE’s extensive data into the First Notice of Loss (FNOL) process and subsequent claims handling, facilitating more informed decision-making.

Leveraging ICEYE’s SAR satellite constellation, insurers can quickly validate losses, improve claims triage accuracy, and streamline routing.

This integration speeds up FNOL intake, reduces claim processing times, accelerates claims payments, and enhances customer satisfaction through proactive communication with policyholders.

ICEYE’s satellite constellation ensures global coverage and provides sub-daily monitoring capabilities, enabling rapid and precise responses to environmental changes worldwide, regardless of weather conditions.

The post ICEYE nat cat data being integrated into Guidewire appeared first on ReinsuranceNe.ws.

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