HELSINKI, Finland, November 17, 2021 (ICEYE PR) – ICEYE, the global leader in persistent monitoring with radar satellite imaging and a provider of flood hazard data, today announced a new collaboration with Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, to provide insurers with flood hazard data following severe flooding events in Japan, helping them to reduce volatility and better understand the post-event impact on their portfolios.

According to the Japan Meteorological Agency (JMA), Japan experiences an average of three typhoon landfalls and several flood events annually. In 2018 and 2019, the country was subject to three of the five largest wind and flood insurance losses in Japan’s history, with insurers settling claims of more than $30 billion over the two-year period.