2 years ago

BirdsEyeView Secures Funding for Weather-Based Insurance Solutions

  • BirdsEyeView, a UK-based insurtech space startup, has secured an undisclosed seven-figure funding round led by the European Space Agency, Big 5 Investors, InsurTech NY, and ACF Investors

  • The funding will be used to drive growth in the UK and US markets and further develop the company's RAPTOR™ technology, which utilizes satellite data to provide weather-based insurance solutions for SMEs

  • The company has experienced significant growth since launching its product in 2022, partnering with global insurers and brokers like Liberty Specialty, Arch, Convex, and others.

      • ProblemFinancial Services

      "Using satellite data to structure insurance solutions for severe weather and provide SMEs access to weather-based parametric insurance products"

      Solution

      "BirdsEyeView uses its RAPTOR technology, a digital underwriting and natural catastrophe modelling software, to automate manual underwriting processes and deliver usable access to Nat Cat analytics and models at the quotation stage"

      Covered on