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ICEYE and Juniper Re, LLC announce multi-year flood and wildfire data collaboration

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ICEYE and Juniper Re, have announced a new data collaboration to provide Flood and Wildfire Insights data to Juniper Re's carrier clients. ICEYE's satellite technology offers near real-time observed data on natural disasters, enabling quick and accurate decision-making for managing losses.
ICEYE e Juniper Re hanno annunciato una nuova collaborazione sui dati per fornire informazioni su inondazioni e incendi boschivi ai clienti assicuratori di Juniper Re. La tecnologia satellitare di ICEYE offre dati osservati quasi in tempo reale su disastri naturali, permettendo decisioni rapide e precise per la gestione delle perdite.
ICEYE y Juniper Re han anunciado una nueva colaboración de datos para proporcionar información sobre inundaciones e incendios forestales a los clientes aseguradores de Juniper Re. La tecnología satelital de ICEYE ofrece datos observados casi en tiempo real sobre desastres naturales, lo que permite tomar decisiones rápidas y precisas para la gestión de pérdidas.
ICEYE와 Juniper Re는 Juniper Re의 보험 고객들에게 홍수 및 산불에 대한 인사이트 데이터를 제공하기 위한 새로운 데이터 협력을 발표했습니다. ICEYE의 위성 기술은 자연재해에 대한 거의 실시간 관측 데이터를 제공하여 손실 관리를 위한 신속하고 정확한 의사결정을 가능하게 합니다.
ICEYE et Juniper Re ont annoncé une nouvelle collaboration de données pour fournir des informations sur les inondations et les incendies de forêts aux clients assureurs de Juniper Re. La technologie satellitaire d'ICEYE offre des données observées en quasi temps réel sur les catastrophes naturelles, permettant une prise de décision rapide et précise pour la gestion des pertes.
ICEYE und Juniper Re haben eine neue Datenzusammenarbeit bekanntgegeben, um Einsichten zu Überschwemmungen und Waldbränden den Versicherungskunden von Juniper Re zur Verfügung zu stellen. Die Satellitentechnologie von ICEYE bietet nahezu in Echtzeit beobachtete Daten über Naturkatastrophen, was eine schnelle und genaue Entscheidungsfindung zur Schadensbewältigung ermöglicht.
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HELSINKI, April 25, 2024 /PRNewswire/ -- ICEYE, a global leader in satellite-powered disaster management solutions, has announced a new data collaboration with Juniper Re, LLC ("Juniper Re"), the dynamic reinsurance broking arm and indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP).

Juniper Re will leverage ICEYE's Flood and Wildfire Insights data to support their carrier clients by accessing near real-time observed data on large-scale events to determine the impact within hours and support data-driven decisions.

This collaboration forms part of Juniper Re's investment in innovative solutions to enhance their ability to support clients. Rapid access to ICEYE's hazard and damage data will enable Juniper Re's clients to respond to natural disasters accurately and quickly, improving their decision-making, and ultimately transforming their ability to manage the loss.

ICEYE operates the world's largest constellation of synthetic aperture radar (SAR) satellites, offering unrivaled access to actionable Earth observation data. This provides the insurance sector with an entirely new level of persistent monitoring for any location on Earth, delivering uninterrupted visibility, both day and night, in any weather conditions.

Adam Miron, Head of Catastrophe Analytics, Juniper Re, commented: "ICEYE's ground-breaking technology is a game changer for persistent monitoring and actionable insights. The ability to identify specific risks and ground-truth damage at scale, no matter the condition, in near real-time is revolutionary. Damage can be understood in hours as opposed to days, allowing our clients to quickly understand the impact of an event and promptly undertake loss mitigation steps."

Kurt Jackson, Head of Insurance, Americas at ICEYE, said: "We are delighted to collaborate with Juniper Re and support the development of leading-edge data solutions. This collaboration aligns with ICEYE's mission to get near real-time observed data into the hands of carriers and brokers following extreme weather events, enabling the industry to make better and faster decisions."

About ICEYE 

ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.

Owning the world's largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.

ICEYE is headquartered in Finland and operates from five international locations. ICEYE has more than 600 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.

Visit www.iceye.com and follow ICEYE on LinkedIn and X for the latest updates and insights.

Media contact: press@iceye.fi

About Juniper Re, LLC

Launched in October 2023, Juniper Re is a specialist reinsurance broker, comprised of talented and trusted professionals with extensive experience and knowledge in the reinsurance broking and the broader (re)insurance industry. Our team has extensive expertise across broking, analytics, client service, risk and compliance, and operational disciplines. We use a dynamic, analytical, and collaborative, cross-disciplined approach to deliver insightful counsel and solutions to our clients. For more information, please visit www.juniperre.com.

About BRP Group, Inc.

BRP Group, Inc. (NASDAQ: BRP) is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our Clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance, and employee benefits, and support our Clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. BRP Group represents over two million clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com.

BRP GROUP, INC. NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain various "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group's expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group's strategies or expectations. In some cases, you can identify these statements by forward-looking words such as "may", "might", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "projects", "potential", "outlook" or "continue", or the negative of these terms or other comparable terminology. Forward-looking statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption "Risk Factors" in BRP Group's Annual Report on Form 10-K for the year ended December 31, 2023 and in BRP Group's other filings with the SEC, which are available free of charge on the SEC's website at: www.sec.gov, including those risks and other factors relevant to the business, financial condition and results of operations of BRP Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or to persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

JUNIPER RE PRESS

Amy Money, Head of Marketing

Juniper Re

214.533.3837 | amy.money@juniperre.com

BRP PRESS

Anna Rozenich, Senior Director, Enterprise Communications

Baldwin Risk Partners

630.561.5907 | anna.rozenich@baldwinriskpartners.com

BRP INVESTOR RELATIONS

Bonnie Bishop, Executive Director, Investor Relations

Baldwin Risk Partners

813.259.8032 | IR@baldwinriskpartners.com

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SOURCE ICEYE

FAQ

What is the collaboration between ICEYE and Juniper Re, about?

ICEYE and Juniper Re, have announced a data collaboration to provide Flood and Wildfire Insights data to Juniper Re's carrier clients.

What type of data will ICEYE provide to Juniper Re?

ICEYE will provide Flood and Wildfire Insights data to Juniper Re, offering near real-time observed data on natural disasters.

How will Juniper Re's clients benefit from the collaboration?

Juniper Re's clients will benefit from quick and accurate decision-making for managing losses related to natural disasters.

Who is the parent company of Juniper Re, ?

Juniper Re, is an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP).

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baldwin risk partners is an insurance distribution holding company. its core focus is on management of resources and capital to fuel organic and acquisitive growth in the insurance industry. under brp, these investments bring new professionals, increased geographic representation, expanded value propositions, innovation and new lines of insurance competency. brp member companies include baldwin krystyn sherman partners, the villages insurance partners, medicare insurance partners, american risk partners, florida medicare options, ryan insurance, ipeo solutions, d&m; insurance solutions, and affordable home insurance, inc.