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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