BirdsEyeView Closes Seed Funding

BirdsEyeView, a London-based insurtech startup, has raised an undisclosed amount of seed funding led by SFC Capital and the European Space Agency. BirdsEyeView uses satellite data to structure insurance solutions for severe weather and provide SMEs access to weather-based parametric insurance products. The company's proprietary algorithmic underwriting engine, RAPTOR™, uses meteorological data from agencies like the European Space Agency and NASA to structure parametric products based on weather events.

BirdsEyeView Raises Seed Funding to Scale Weather-Based Insurance Solutions

BirdsEyeView is an insurtech space startup that uses satellite data to structure insurance solutions for severe weather and provide SMEs access to weather-based parametric insurance products. The company structures weather-based events insurance products using its proprietary algorithmic underwriting engine, RAPTOR™, with the objective of providing SMEs access to weather-based events insurance products. This technology uses meteorological data gathered by the likes of European Space Agency, NASA and this is then processed to structure parametric products (those based on the weather event itself instead of the potential losses of the policyholder).

An insurtech space startup that uses satellite data to structure insurance solutions for severe weather and provide SMEs access to weather-based parametric insurance products.

3 years ago

BirdsEyeView Raises Seed Funding to Scale Weather-Based Insurance Solutions

ProblemFinancial Services

Solution

Covered on