Revolutionizing Insurance: ICEYE and Guidewire's New Integration

In a groundbreaking collaboration, Guidewire, a leading software solutions provider for the insurance industry, has integrated ICEYE's satellite-powered disaster management solutions into its platform. This new capability, accessible via the Guidewire Marketplace, brings ICEYE’s NatCat Insights to ClaimCenter users on Guidewire Cloud, marking a significant advancement in how insurers can respond to natural catastrophes.

This integration primarily benefits property and casualty (P&C) insurers using Guidewire’s ClaimCenter. The collaboration allows these insurers to access near-real-time natural catastrophe (NatCat) data provided by ICEYE’s synthetic aperture radar (SAR) satellite constellation. This is a critical tool for insurers seeking to improve their response strategies, engage proactively with policyholders, and streamline the claims process.

The integration was announced on June 20, 2024, following ICEYE's graduation from the Insurtech Vanguards programme and their win at Guidewire’s first Insurtech Vanguards Pitch Day. This milestone marks ICEYE as a new Solution partner within the Guidewire PartnerConnect network.

Insurers and policyholders alike will benefit significantly from this integration. For insurers, the real-time NatCat data means more accurate and faster assessments of losses, prioritization of affected areas, and effective allocation of resources. This leads to improved customer satisfaction through quicker claims processing and proactive communication. For policyholders, it ensures that their claims are handled efficiently, reducing the stress and uncertainty that typically follow natural disasters.