Flood forecasting
- A unique flood warning service for surface water at property level.
- Warnings up to 48 hours in advance driven by live hydrodynamic modelling.
- Over and above river and coastal warnings issued by government.
Helping insureds proactively manage and mitigate flood risk
Improve risk management, customer relationships and support underwriting with our Flood Intel Platform
- 24/7Flood warnings to keep you one step ahead *
- x5Increase in flood losses expected by 2050 *
- 33%UK commercial properties at risk from flooding *
Our solution for insurers: The Previsico Flood Intel Platform
A first-of-its-kind combination of technologies to forecast the types of floods that catch insurers and insureds off guard.
Benefits for insurers
Provides actuaries and underwriters with valuable data and deeper insight to support:
- Setting premiums and coverage limits.
- Risk modelling, assessing exposure, reviewing pricing, and keeping up with the changing risk.
- Improving visibility to manage policyholders with higher-than-average risk.
- Demonstrating commitment to customer service and risk management.
Supports operational and claims management teams to take preventative action:
- Support insureds to put flood action plans in place to reduce risk of large claims payouts.
- Predict claims surges: mobilise claims operations and secure supply chains in advance.
- Reduce false alarms and their associated costs and disruption.
Our Services
Hydrological monitoring (including drainage)
- Sensor-driven insights into drainage performance, hydrological systems, flood risk, groundwater, and wastewater assets.
- Assets instrumented include river, tidal and intertidal systems, screened culverts and surface water (SuDS, gullies, attenuation tanks), and wastewater drainage assets (sewers).
Flood risk insights
Leveraging existing sensor data and bespoke models to:
- Identify risk patterns.
- Inform current and future flood risk analysis.
case study
See how Zurich have benefitted from our Flood Intel Platform
Zurich Municipal (ZM) provided their customers with our Flood Intel Platform to improve risk management, supporting the underwriting process and strengthening their relationships with customers.
This is a product that can work in all kinds of scenarios. It has been a huge success and is key to unlocking flood resilience
case study
See how Liberty have benefitted from our Flood Intel Platform
Liberty Specialty Markets have integrated our Flood Intel Platform with their risk management system –Liberty Risk Reduce portal.
Previsico’s technology allows us to use data intelligently and integrate it seamlessly into our risk management portal for customers. This provides very real value to our insureds.
Insurers we work with:
Alert relevant team members of upcoming flood risks
Have all essential team members receive actionable flood alerts when critical risk thresholds are exceeded to enable proactive measures to be taken to reduce the impact of incoming flooding.
Ready to start mitigating your flood loss?
* View our sources list on this page.