Ahead of the 2024 Atlantic hurricane season, FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage in the United States.
Tag: parametrics
Cat-Exposed Property to See the Biggest Rate Gains in 2024: WTW
Catastrophe exposed commercial property insurance renewals are expected to see some of the biggest rate gains in 2024, as pressure continues and a challenged reinsurance market drives buyers towards alternative solutions, to offset rising rates.
Private Insurers Have an Increased Appetite for Flood Insurance
While FEMA and its NFIP continue to face obstacles with the rollout of the new rating system, private insurers have found an opening to expand their footprint in the flood insurance market.
Underwriters Ponder How to Make Pandemics Insurable Again
When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French reinsurer SCOR, summed it up when he told a recent conference that pandemic… Continue reading Underwriters Ponder How to Make Pandemics Insurable Again