Insurance
Our products are available to help insurers and brokers minimise the impact of floodingSupport policyholders with flood warnings
- Policyholders can implement their flood action plan
- Reduce losses
Click here to read more about our flood warnings
Improve claims management
- Mobilise claims operations
- Fast track genuine claims
Click here to read more about our visualisation too
Actuarial and underwriting support
- Overlay forecasted footprints on assets to quantify losses
- Task drones, satellites, and response teams to priority areas
- Implement moratoriums on new policies
Click here to read more about our API
As part of Previsico’s participation in the Lloyd’s Lab, a framework was developed to support underwriters in improving their loss ratios by taking consideration of the ‘preventability’ of flood losses when insureds are provided with Previsico’s actionable flood warnings. This report outlines the performance of Previsico’s forecasts showing a 96% coverage of observed flooding.