Flooding is the most pervasive and damaging natural hazard throughout the world. Insurers want to understand the risk to accurately price policies, decide which properties fall out of appetite and avoid concentrated aggregates.
Modelling flood is not easy, however. Model outputs can vary widely. In this LiveChat, InsTech’s Ali Smedley will be joined by Cory Isaacson, CEO and Co-founder at reThought Insurance, to explore how these challenges can be tackled.
Register here to learn more about the benefits of multiple views of risk, the different techniques for combining models and reThought Insurance’s approach to underwriting.
Continuing Professional Development
InsTech is accredited by The Chartered Insurance Institute (CII). By attending an InsTech Digital event, you can claim up to 0.5 CPD hours towards your CPD scheme.
For CPD purposes, the Learning Objectives for this Live Chat are:
- Describe what factors need to be considered when looking to model flood
- Explain why having multiple views of risk leads to better outcomes
- Articulate the benefits and challenges of ‘model blending’ and ‘model fusion’ techniques