Flood Insurance Solutions
The privatization of the flood market presents a unique growth opportunity for insurers willing to get their feet wet
Building a profitable private flood insurance program has major challenges. One-stop access to enhanced data analytics and underwriting information from Verisk can help you compete in this environment.
Sizing the Personal Flood Insurance Market
Sizing the Personal Flood Insurance Market
The private residential flood insurance market, long ceded to the National Flood Insurance Program, may be ready for a comeback. Explore the possibilities—potential personal flood premium for owner-occupied residences in the 48 contiguous states, as well as ways to assess the risk exposure—in our new white paper.
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Flood insurance solutions for personal and commercial properties
Policy Solutions
Develop and enhance your program with actuarially sound rating information and coverage for homeowners and businesses of all sizes.
Location-specific Risk Data
WaterLine™ is a risk selection and assessment tool that helps underwriters by scoring individual properties on hazards including river flooding, surface water, and storm surge.
FloodAssist® reports help identify properties in FEMA flood zones and our Building Code Effectiveness Classifications help underwriters distinguish between communities with strong and weak code enforcement.
Probabilistic modeling
Leverage comprehensive tools to assess and manage inland flood risk for locations on and off floodplains.
Claims management
Save time, prevent and catch potential errors, obtain reports in usable form, and produce faster, better claim estimates.
Taking a comprehensive view of flood risk
Assess flood risk with WaterLine, Verisk’s flood hazard score, which goes beyond traditional property-level risk characteristics.
WaterLine provides an accurate assessment of location-level flood hazard for insurers, with scores available on every location in the contiguous United States.
Additional insights
Sewer backup: Paddling into flood insurance insights
When confronting the sewer backup peril, understanding both coverage & related weather factors can help you better understand and account for your policyholders' exposure
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How insurers can take back control of flood risk
The insurance industry has been largely content to let coverage flow through the government’s National Flood Insurance Program (NFIP), with limited availability in the…
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Keeping flood insurance above water
The spread of flooding where it hasn’t occurred before compounds a chronic problem in the United States: Most U.S. homeowners have either too little flood insurance…
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