Shory Group, a fully digital AI-driven insurtech platform affiliated with Judan Financial Holding, has partnered with OrbitWorks, the UAE’s first commercial satellite constellation production and operations company, to advance satellite insurance and space data.
The news was announced at Make it in the Emirates, the UAE’s national platform showcasing industrial and technological capabilities.
The collaboration will explore the intersection of satellite technology and insurance, reflecting the growing convergence between space-based data and risk management.
It will focus on how OrbitWorks’ satellite capabilities and geospatial data can enhance Shory’s risk modeling and underwriting processes, as well as opportunities to extend insurance coverage to space-based assets.
Initial areas of focus include satellite asset insurance and risk modeling using geospatial intelligence to enhance flood detection, environmental monitoring and fleet coverage.
Aoun AlSmadi, CEO of Shory UAE, said: “We have spent several years building our capabilities to insure complex assets at scale. Partnering with OrbitWorks is a logical extension of this. It gives us the opportunity to bring our expertise to the space sector while applying satellite data to our risk models.”
Dr. Hamdullah Mohib, Acting CEO of OrbitWorks, added: “Building a commercial ecosystem around our satellite program is a top priority for OrbitWorks. Partnering with Shory is a practical step in this direction. Both companies are UAE-based and there is a clear commercial logic to exploring what we can do together.”