Interviews

Flooding data could help cut insurers’ loss ratios says insurtech chief exec

By 2020-08-24T07:17:00

Flood data

Following the flash floods last week that battered Scotland and parts of South London, Previsico advocates that flooding data could turn the tide on how incidents are dealt with, helping insurers to reduce their loss ratios

Access to real-time flooding data could help cut insurers loss ratios by giving them a 48-hour window to take advance action and potentially reduce claims.

It could also help protect people and properties across the UK, as it can predict the time and place of flash floods.

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