Arturo, a PropTech company that delivers analytics from individual property to portfolio, and ICEYE, a SAR data provider and natural catastrophe service provider, announced a partnership.

ICEYE’s flood imagery that provides flood depth, extent, and duration data will combine with Arturo’s portfolio and property characteristics data to give insurers the ability to estimate and triage flood damage immediately following a flood event.

ICEYE owns a SAR satellite constellation and combines the data from its spaceborne sensors with multiple auxiliary information sources on the ground to quickly produce a representation of a flood’s extent and depth anywhere in the world. The aim of the partnership is that as this intelligence is added to Arturo’s artificial intelligence-enabled property analytics, insurers will be able to determine the extent of property damage in near real-time, according to a joint press release.

The Arturo and ICEYE combined service was battle-tested during a March 2022 flood event in Australia and showed the predicted flood damages were accurate with claims activity in the area, the press release said. The collaboration will initially cover flood depth insights for the U.S., Canada, Japan, and Australia.

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Hippo Insurance Services announced it will offer home insurance products in North Carolina and is teaming up with Ring to help protect homes against water damage, fire and break-ins.

New customers who opt-in to receive the complimentary Alarm Security Kit from Ring receive a smart home discount on their insurance premium with Hippo. The bundle includes the Ring Alarm 5-piece kit (2nd Gen), Ring Indoor Cam, Echo Dot (4th Gen), Flood & Freeze Sensor, and Smoke & CO Sensor.

With the addition of North Carolina, Hippo products reach 92 percent of the U.S. population in 39 states. North Carolina residents can now access Hippo’s full proactive protection offering, which includes modern home insurance coverage, Hippo Home Care and the company-provided smart home devices from Ring.

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Consumer Intelligence has joined forces with Insurance DataLab, bringing together two datasets to help insurance clients across the two businesses deepen their market understanding.

The partnership will see the two companies work together to identify opportunities to combine their data to produce industry insights and serve client needs, starting with a special report later this year.

Consumer Intelligence is an insight partner for financial services and has been benchmarking the insurance market for almost 20 years. Launched in 2021, Insurance DataLab is a new benchmarking platform, focusing on the performance of insurers, Lloyd’s Syndicates, managing general agents, and brokers based in the UK and Gibraltar.

Sources: Arturo, Hippo Insurance Services, Consumer Intelligence