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 modeling 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.

ITC GLOBAL COMPLIMENTARY WEBINAR

Delivering products to market in an era of profound disruption

Tuesday, October 20. 3 p.m. ET

Featuring Milliman’s Nancy Watkins and Peggy Brinkmann, this roundtable showcases three case studies that demonstrate how technology solutions and creative approaches can deliver new products to market quickly and at scale.

Learn more

Video

Flood warning: working to provide better coverage

Re-examining one of the least-insured perils

Video

Advanced analytics for a competitive edge

Milliman Pixel can quickly give insurance companies an accurate picture of how competitive they are.

Podcast

Critical Point Episode 17: The future of flood insurance

Listen

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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Climate gentrification and the role of flood insurance

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

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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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Wading into the private flood insurance market

This articles explores some questions and challenges for aspiring U.S. private…

Political winds in a peak hurricane state

Given the volatile political – not to mention atmospheric – winds,…

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Four ways Hurricane Florence could ricochet across the insurance industry

As information emerges about the direct impacts of Florence, we examine four…

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What could private flood insurance look like in New Jersey and New York?

Milliman recently collaborated with Risk Management Solutions, Inc. to model a…

PRODUCTS

Related Milliman products

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.

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Risk analytics and reporting

Geographic rating insights

PinPoint

Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.

Learn more

Risk analytics and reporting

Market exposure & risk analytics

Market Baskets

Market Baskets are portfolios of hypothetical risks with realistic distributions of characteristics used for property and flood insurance pricing.

Insurance risk assessment

Flood insurance risk assessment

Bungalow

Milliman Bungalow is a private flood insurance plan that includes advisory loss costs, risk classification rating factors, and rating rules.

Download the brochure

SERVICES

Related Milliman services

Catastrophe reserving and loss reserve verification

Complex risk assessment

Enterprise risk management

Flood insurance

Predictive analytics solutions

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