From Golf to Municipalities: Using Satellites and AI to Increase Insurable Flood Risk
October 17, 2024
Mandalay Bay Ballroom F
Property Track
There is $140 billion of flood premium available for brokers to capture. Though flooding is the most common and costly peril, 83% of flood losses are not insured. In a world that is increasingly experiencing devastating flood events, advances in satellite technology and AI can enable coverage for previously uninsurable risk, and make businesses, industries, and economies more resilient.
Attendees will learn how Floodbase is making it possible to cover previously uninsurable flood risk, and how a partnership with Amwins is redefining parametric flood insurance, enabling coverage for sectors ranging from the golf industry to municipal governments.
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