FLOOD INSURANCE

Deep water

Complex and unpredictable, flood hazards have typically been insured only by state or federal agencies and a select few private companies. Today, advanced modeling and data innovation are enabling the emergence of more options for those at risk.

Reducing risk

A growing challenge

As climate change increases flood risk, market response becomes ever more urgent. Combining property insurance ratemaking, advanced underwriting technologies, and pricing and profitability analysis, today’s flood insurance market is advancing toward a brighter future.

Video

Flood warning: working to provide better coverage

Re-examining one of the least-insured perils

Video

Advanced analytics for a competitive edge

Milliman Pixel can quickly give insurance companies an accurate picture of how competitive they are.

Podcast

Critical Point Episode 17: The future of flood insurance

Listen
PRODUCTS

Related Milliman products

Premium comparison platform
Premium comparison platform

Pixel

Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.

Risk analytics and reporting
Point-of-quote risk analytics

PinPoint

Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.

Risk analytics and reporting
Market exposure & risk analytics

Market Baskets

Market Baskets are portfolios of hypothetical risks with realistic distributions of characteristics used for property and flood insurance pricing.

Insurance risk assessment
Insurance risk assessment

Bungalow

Milliman Bungalow is a private flood insurance plan that includes advisory loss costs, risk classification rating factors, and rating rules.

SERVICES

Related Milliman services

Catastrophe reserving and loss reserve verification

Complex risk assessment

Enterprise risk management

Flood insurance

Predictive analytics solutions

We’re here to help

Ask the tough questions. We’re ready for them.