Shory Group, an AI-driven insurtech company under First.tech, has announced a strategic collaboration with OrbitWorks, the United Arab Emirates’s commercial satellite constellation production and operations company, in a move aimed at exploring new commercial opportunities at the intersection of satellite technology and insurance.

The partnership will examine how OrbitWorks’ satellite infrastructure and geospatial intelligence capabilities can support Shory’s underwriting and risk assessment models, while also opening new possibilities for insurance coverage tailored to space-based assets. Early areas of collaboration include satellite asset insurance as well as the application of geospatial data in flood detection, environmental monitoring, and fleet coverage, to improve risk analysis through more accurate, real-time insights.

OrbitWorks’ Altair constellation, a 10-satellite Earth observation network equipped with optical, infrared, thermal and RF sensing technologies, has been designed to provide near real-time geospatial intelligence through onboard AI processing, significantly reducing the gap between data capture and actionable analysis.

Shory, which has built a strong regional presence in insuring complex and high-value assets such as infrastructure, fleets, and large-scale commercial developments, is part of Judan Financial Holding, backed by IHC.

Commenting on the deal, Aoun AlSmadi, CEO of Shory UAE, said: “We have spent years building the capability to insure complex assets at scale. Collaborating with OrbitWorks is a logical extension of that. It gives us the opportunity to bring our expertise into the space sector while putting satellite data to work in our risk models.”

Dr Hamdullah Mohib, Acting CEO of OrbitWorks, added: “Building the commercial ecosystem around our satellite programme is a priority for OrbitWorks. Working with Shory is a practical step in that direction. Both companies are UAE-grown, and there is clear commercial logic to exploring what we can do together.”