FLOOD INSURANCE

Deep water

Complex and unpredictable, flood hazards have typically been insured only by state or federal agencies and a select few private companies. Today, advanced modelling and data innovation are enabling the emergence of more options for those at risk.

Reducing risk

A growing challenge

As climate change increases flood risk, market response becomes ever more urgent. Combining property insurance ratemaking, advanced underwriting technologies, and pricing and profitability analysis, today’s flood insurance market is advancing toward a brighter future.

Video

Flood warning: working to provide better coverage

Re-examining one of the least-insured perils

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Podcast

Critical Point Episode 17: The future of flood insurance

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Article

U.S. private flood insurance: The journey to build a new market

In recent years, the private flood sector has grown rapidly and will likely…
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Article

Climate gentrification and the role of flood insurance

The visibility of climate’s impact on property hazard is increasingly…
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Article

Eye of the storm: Data modelling brings new hope for flood-prone homes

Regular floods, whether due to hurricanes or simply heavy rainfall, are wreaking…
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PRODUCTS

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Premium comparison platform
Premium comparison platform

Pixel

Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.

Predictive analytics
Predictive analytics

Nodal

Analyse a wide range of claims data to identify those likely to incur high costs, helping optimise management and reduce costs.

Risk analytics and reporting
Geographic rating insights

PinPoint

Milliman PinPoint lets insurers cost effectively evaluate, price, and market residential and flood products using geospatial information.

SERVICES

Related Milliman services

Catastrophe reserving and loss reserve verification

Understand the impact of a large event on your portfolio, including analysis of loss-expected contract carve outs.

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Complex risk assessment

Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.

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Enterprise risk management

Embed ERM best practices into your organisation to create a structured and sustainable business management process.

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Flood insurance

Improve flood insurance with independent flood rating and underwriting, ratemaking, and competitive analysis.

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Predictive analytics solutions

Uncover valuable information hidden in your data, allowing you to take action on key business insight.

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