Stephen Lathrope: Global Head of Insurance, ICEYE: Real-time monitoring from space - fast, accurate and persistent (197)

InsTech - insurance & innovation with Matthew Grant & Robin Merttens

InsTech

Business, Entrepreneurship, Investing

4.9 • 51 Ratings

🗓️ 10 July 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

ICEYE delivers what it calls “persistent monitoring capabilities for any location on earth” using synthetic aperture radar satellites. ICEYE’s data can be collected day or night and through cloud cover. Its constellation of 21 satellites enables it to capture images before, during, and after a flood event multiple times a day. Stephen Lathrope is the Global Head of Insurance for ICEYE and joined Matthew to discuss how ICEYE is expanding its offering from floods and into other natural perils, its ability to acquire information and the benefits of the geospatial platform. Talking points include: What synthetic aperture radar is and why it is important The advanced field testing happening to enable insights and imaging of wildfires How the team at ICEYE delivered data within 24 hours following the floods in Queensland How the company works with partners including Arturo, AXA Climate, Swiss Re and EigenRisk How its data is acting as the trigger point in parametric insurance services If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. The Learning Objectives for this podcast are: Define 'synthetic aperture radar' (SAR) and the benefits of using this for data collection Describe the process of capturing and delivering insights and imaging following natural catastrophes Summarise the relevance of SAR satellite data for the parametric insurance space If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 197 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0	Welcome back or if this is your first time, a big welcome. I'm Matthew Grant,
0:17.6	partner at INSDEC and your host for the host for the Instat podcast. Now, I came across
0:22.2	some fascinating research this week. Apparently, if you hear something through headphones,
0:26.2	you are more likely to be persuaded and empathetic than if you are listening on speakers,
0:31.1	almost twice as much, in fact. It seems that as you're listening, you develop what is known as
0:35.1	parocial intimacy. Well, there you go.
0:42.0	If you want to get closer to Robin, myself and our guest on the Instat podcast, switch off those speakers and plug us into your ears. Well, enough about us. Today's guest is Stephen the
0:46.3	Thorpe. Stephen is head of insurance for Ice-E. And we've been following Ice-I closely for the last
0:51.2	few years. We had Charles Blancheet back on podcast 128 and, as you
0:55.8	want here in a minute, caught up with CEO and founder Raphael on stage last year. Now the company
1:01.5	is moving fast, not just literally with its satellites whizzing around the world, but also
1:06.1	growing its offering to insurers, moving from flood to other natural perils, increasing its ability
1:11.2	to acquire information with more satellites in space, and work with more major companies and
1:16.2	partners. Stephen himself is no stranger to insurance technology and brings his own personal
1:21.3	perspective to our discussion. We are delighted to have ISI as one of the many internet
1:26.6	members and if you are listening and wondering how we're able to help both technology companies around the world and insurers,
1:32.5	collaborate around innovation and understand the world around them,
1:35.5	then please do contact me directly.
1:37.5	Matthew at INSdeck.com
1:39.0	and I'll introduce you to our team and what we're doing.
1:42.1	Okay, here's Stephen. Stephen, I'm really fascinated by
1:51.4	catching up with you today. We know I saw very well in Steck. The last couple of years,
	...

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