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.
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.
Flood warning: working to provide better coverage
Re-examining one of the least-insured perils
Critical Point Episode 17: The future of flood insurance
ListenRelated Milliman products
Pixel
Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.
Nodal
Analyse a wide range of claims data to identify those likely to incur high costs, helping optimise management and reduce costs.
PinPoint
Milliman PinPoint lets insurers cost effectively evaluate, price, and market residential and flood products using geospatial information.
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.
Complex risk assessment
Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.
Enterprise risk management
Embed ERM best practices into your organisation to create a structured and sustainable business management process.
Flood insurance
Improve flood insurance with independent flood rating and underwriting, ratemaking, and competitive analysis.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
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