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Cape Analytics vs ICEYE — Risk imagery for US insurance, 2026.

Cape Analytics (14 named carriers) and ICEYE (7 named carriers) both sit at the risk imagery layer. Zero customer overlap in the public roster — they are addressing different segments of the same stack layer.

Last verified 2026-04-22 · methodology

TL;DR

  • Cape Analytics has 14 publicly-named carrier deployments; ICEYE has 7. Both at the risk imagery layer.
  • Zero customer overlap in the public roster. Cape Analytics and ICEYE are addressing different carriers within the same stack layer.
  • Both classified ai-native on Phidea's generation axis.
  • Ownership contrast: Cape Analytics is a subsidiary of Moody's Corporation; ICEYE is independently held.
  • Analyst coverage: 1 firm cover both, 1 only Cape Analytics, 2 only ICEYE.

Customer overlap

BucketCount
Named on Cape Analytics only14
Named on ICEYE only7
Named on both0
of which US-named on at least one side0

Only on Cape Analytics

  • Hippo Insurance (US)
  • Amica Insurance (US)
  • State Auto Insurance (US)
  • The Hartford (US)
  • CSAA Insurance Group (US)
  • Cincinnati Insurance (US)
  • State Farm Ventures (US)
  • American Integrity Insurance (US)
  • Mercury Insurance (US)
  • Florida Peninsula Insurance (US)
  • Nephila Advisors (US)
  • AXA-XL (US)
  • …and 2 more on the vendor card.

Only on ICEYE

  • Swiss Re (global)
  • Aon (global)
  • Guy Carpenter (US)
  • Tokio Marine Holdings (JP)
  • Descartes Underwriting (FR)
  • Global Parametrics (UK)
  • Insurity (P&C carriers via partnership) (US)

Counts derived from 21sourced carrier-deployment entries across both vendor cards. Aggregate-only statements (e.g. “16 of the top 20”) excluded.

Stack position

Cape Analytics
Generation
ai-native
Stack layer
Risk imagery
Founded
2014
Lines
home, commercial
Replaces
physical pre bind inspection
ICEYE
Generation
ai-native
Stack layer
Risk imagery
Founded
2014
Lines
home, commercial, specialty, reinsurance
Replaces
optical satellite post event imagery, manual catastrophe field adjusting

Ownership and corporate context

Cape Analytics
Type
subsidiary
Parent
Moody's Corporation
Acquired
2025

Source: TechCrunch

ICEYE
Type
independent

Source: Via Satellite

Carrier-segment specialization

Cape Analytics — geographic split

  • US
    14

ICEYE — geographic split

  • global
    2
  • US
    2
  • JP
    1
  • FR
    1
  • UK
    1

Analyst coverage differential

Both covered by
  • TechCrunch · Cape Analytics (2025: Moody's agrees to acquire Cape Analytics — geospatial AI for insurance providers) · ICEYE (2020: Satellite radar startup ICEYE raises $87 million to continue to grow its operational constellation)
Only Cape Analytics cited by
  • Insurance Journal (2021: Cape Analytics Gains $44 Million in Financing)
Only ICEYE cited by
  • Artemis (2024: ICEYE launches hurricane solution that shows parametric potential)
  • Reinsurance News (2024: ICEYE and Aon expand flood and wildfire data partnership to enhance event response)

Recent news (last 12 months)

No news items in the last 12 months for either tool.

Sourced limitations

Cape Analytics

No publicly-sourced limitations recorded on the vendor card yet.

ICEYE
  • ICEYE is a data provider, not a rating engine, policy-admin core, or claims workstation. Carriers buy Flood, Wildfire, or Hurricane Insights as a feed and plug the output into their own pricing, reserving, or FNOL tooling. Realising value requires parallel investment in the systems that consume the feed.
    Source: ICEYE
  • SAR data is physically constrained by revisit cadence and image-processing time: ICEYE's publicly stated service windows deliver initial hazard and damage data within 24 hours of a flood or hurricane event, with a 5-day window for final NYC pilot trigger analysis. For rapidly evolving events (flash floods, fast-moving wildfire fronts) the first-pass footprint may under-report peak extent and require overlays with on-the-ground sensors, as used in the NYC pilot.
    Source: Artemis
  • No Gartner, Celent, Forrester, or Novarica leader-quadrant placement surfaces in public indexing for 2023-2025. Coverage is concentrated in reinsurance and insurtech trade press (Artemis, Reinsurance News, Insurance Business America) and general tech press (TechCrunch, Via Satellite, SpaceNews), plus ICEYE's own carrier press releases.
    Source: Artemis

Limitations published on Phidea are sourced to the underlying citation and reflect what is publicly named — not an exhaustive list. Consult the vendor card for the full record.

Frequently asked

Do any carriers run both Cape Analytics and ICEYE?
Not in Phidea's public roster. Across 21 sourced carrier-deployment entries on both vendor cards, zero carriers appear on both. The two tools are addressing different carriers within the same stack layer.
Who owns Cape Analytics and ICEYE?
Cape Analytics is a subsidiary of Moody's Corporation. ICEYE is independently held.
Which has more named US carriers?
Cape Analytics has the larger publicly-named US roster: Cape Analytics 14, ICEYE 2. Public-roster size is a coverage signal, not a quality signal — vendors with stronger NDAs may have larger actual US footprints than the public count shows.
Where are these tools positioned in the insurance stack?
Both sit at the risk imagery layer. Cape Analytics replaces physical pre bind inspection; ICEYE replaces optical satellite post event imagery, manual catastrophe field adjusting.

Adjacent reading