Geoinsure

Satellite-derived geospatial intelligence for natural catastrophe risk assessment

Data & Analytics Startup Bootstrapped

Overview

GeoInsure is a geospatial data and analytics platform for the (re)insurance sector, developed by Romanian earth observation company Terrasigna under the European Space Agency's Business Applications and Space Solutions (BASS) programme. The platform delivers satellite-derived natural catastrophe (NatCat) insights to insurers and reinsurers, covering floods, earthquakes, and landslides.

The platform combines Global Navigation Satellite System (GNSS) data, Earth Observation (EO) imagery -- primarily from the Copernicus Sentinel-1 A/B satellites -- and advanced geospatial analytics to produce standardized insurance-ready reports. GeoInsure supports two deployment modes: on-premises installation or web-based SaaS access, both with REST API connectivity to existing insurance systems.

Terrasigna brings over 15 years of Earth Observation research and platform development to the product. GeoInsure reached Technology Readiness Level 7 (TRL 7) by the end of the ESA project phase and has been piloted with insurance sector customers in Romania. The ESA sponsorship is a grant-based programme rather than equity funding, so the company is classified as bootstrapped.

Products & Services

GeoInsure Platform

A ready-to-use geospatial intelligence platform that provides harmonized geo-services and geodata products tailored to (re)insurance market requirements.

Key Features

Satellite-derived damage assessment reports for floods, earthquakes, and landslides
Natural disaster alert system monitoring abnormal rainfall, rising river levels, and seismic activity
Policy portfolio geocoding and coverage filtering
Multi-layer data: territorial reference maps, digital elevation models, precipitation values, water levels, epicenter data, soil moisture anomalies
REST API for integration with policy management and claims platforms
Open-source foundation using OSI-approved permissive licenses

Target Users: Underwriters, claims teams, and catastrophe risk managers at (re)insurers with European property exposure

At a Glance

Headquarters: Bucharest, Romania
Employees: 11-50
Funding: Bootstrapped

Category & Focus

Category: Data & Analytics
Subcategories: NatCat Intelligence Geospatial Risk Data Satellite Imagery Analytics
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance
Target Customers: Carriers, Reinsurers