The Client This trusted carrier offers commercial insurance products for businesses in 13 states across the Midwest and is backed by a globally-recognized provider of commercial lines property and casualty insurance and reinsurance. The Problem Insurers rely on accurate flood risk scores to make the best decisions for their business. This carrier, however, used outdated risk scoring data that led to poor outcomes. It excluded several high-risk properties from flood coverage and required reinsurance on $4 M of its $5 M flood limit. The carrier collected $1.4 M in annual premium and paid $42,000 to reinsurers – that’s 3% of its collected premium out the door. The Solution The carrier turned to GaugeFlood, the flood risk assessment solution from Athenium Analytics. By entering each

Join for free to read