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As Lao People’s Democratic Republic (PDR) flood impacts grow, the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) has released an additional US$1,137,500 payout to the country’s government and the United Nations World Food Programme (WFP) under parametric policies. Disbursed within two business days of receiving updated impact data regarding escalating flooding in the region, the […] The post SEADRIF delivers $2.28m in parametric payouts to Lao PDR & WFP as flood impacts grow appeared first on ReinsuranceNe.ws.
An analysis of Project Glasswing findings shows only a fraction have reached disclosure, and an even smaller number have been fixed.
To improve its flood response capabilities and assist policyholders during natural disasters, Sompo Japan Insurance Inc., a provider of property and casualty insurance services in Japan, has partnered with ICEYE, a specialist in satellite-based disaster management solutions, to deploy its Flood Insights solution. The adoption of satellite data like ICEYE’s Flood Insights forms part of […] The post Sompo Japan partners with ICEYE to enhance flood response capabilities appeared first on ReinsuranceNe.ws.
ICEYE, a company that operates the world’s largest synthetic aperture radar (SAR) satellite constellation, has partnered with The Water Institute to bring predictive flood intelligence platform FloodID, and its core development team to ICEYE. Built on Amazon Web Services via an Amazon grant, FloodID blends physics-based hydrologic modelling, machine learning, Earth observation data, and cloud […] The post ICEYE & The Water Institute partner to advance predictive flood intelligence appeared first on ReinsuranceNe.ws.