The three-year collaboration will focus on parametric insurance solutions for climate-related risks, particularly in sectors such as agriculture and forestry.
The agreement brings together ESA’s Business Applications and Space Solutions programme and Liberty Mutual Re’s expertise in parametrics and climate risk.
The partners aim to use satellite data and space technology to improve the speed, transparency and scalability of insurance products.
They also plan to develop advanced risk models to support climate resilience and enable faster recovery following loss events.
Ana Raposo, business applications and partnerships officer at ESA, said the collaboration would support commercially viable innovation.
“It will create new opportunities for businesses looking to develop space-based solutions for the insurance market, particularly around agriculture and forestry where climate change is having a big impact,” she said.
Victor Bouton, head of science, parametrics and agriculture at Liberty Mutual Reinsurance, said partnerships beyond insurance were essential.
“Through collaboration and forging partnerships outside of the insurance industry, we can develop cutting-edge solutions to meet the everchanging needs of climate change related risk,” Bouton said.
The first joint initiative will take place on 12 February 2026, when Liberty Mutual Reinsurance will host a workshop with ESA focused on assessing wind damage in forestry.
Successful participants may go on to develop space-enabled solutions with Liberty Mutual Re, with potential support and funding from ESA.
No comments yet