Flood Risk is Insurable. How Does Insurance Industry Can Close the Protection Gap?
Floods affect more people across the globe than any other natural disaster. The deadly floods within 2022 year were a tragic reminder of the increasing threat
Flood insurance
4 posts
Private Flood Insurance in California Accounts for over 40% of Entire Flood Market
As private flood insurance accounts for over 40% of California’s entire flood market—a significantly larger share than in the other leading states—the ongoing flooding issues
Natural & Man-Made Catastrophe Loss Outlook: Insurance Covered only 43%
Natural and man-made disasters resulted in global economic losses of $280 bn in 2021. Insurance covered $119 bn economic losses
Role for Re/Insurers in Building Flood Resilience & Close Insurance Protection Gap
Today risk assessors use a wide set of tools ranging from sophisticated flood hazard maps to fully probabilistic risk models, but more can be done
