BirdsEyeView Technologies

About BirdsEyeView Technologies

BirdsEyeView Technologies, founded in 2019 by CEO James Rendell, operates as an InsurTech firm based in London. Rendell, who holds a Master's in Geography from The University of Edinburgh, leveraged his prior experience in reinsurance at firms like JLT Re, RenaissanceRe, and Guy Carpenter to establish the company. He is joined by Dr. Albert Dow, who serves as the Chief Technology Officer. The company targets the insurance industry, providing software solutions to brokers, Managing General Agents (MGAs), and (re)insurers to address the mounting losses from severe weather events.

The business model is centered on providing enterprise software and data analytics through a Software as a Service (SaaS) model. BirdsEyeView has developed two core products that utilize satellite data from sources like the European Space Agency (ESA) and NASA. The first, WEATHER ANALYTIX™, is a platform licensed to underwriters and brokers for analyzing historical weather patterns. It supports climate and natural catastrophe risk assessment for various business lines, including Property, Energy, and Agriculture, in markets across the globe. The second product, RAPTOR™, is a cloud-based algorithmic underwriting engine. This platform automates the entire policy lifecycle, from quoting to management, and can be white-labeled on client websites for direct customer or broker interactions. The technology is designed to make parametric insurance products, which pay out based on the occurrence of a specific event rather than the losses incurred, more accessible, particularly for small and medium-sized enterprises (SMEs).

Since its inception, the company has achieved significant milestones, including participating in the Lloyd's Lab accelerator program in 2021, which led to contracts with numerous Lloyd's Syndicates and London Market Insurers. BirdsEyeView has secured multiple funding rounds, including a seed round in June 2022 led by SFC Capital and matched by the ESA, and a seven-figure investment in December 2023 led by the ESA, Big 5 Investors, InsurTech NY, and ACF Investors. This capital is being used to expand its presence in the UK and US markets and to further develop the RAPTOR™ platform's capabilities in exposure management and natural catastrophe modeling. The company has established strategic partnerships with prominent global insurers and brokers such as Liberty Specialty, Arch, Convex, and Everest Re.