Insuring uncovered flood risk | Floodbase & Amwins | Ep. 333

You may have heard that Floodbase and Amwins partnered earlier this year, and are combining satellite data and parametric insurance to tackle flood risk, a peril often underinsured or uninsured altogether.

Matthew Grant speaks with Emmalina, who leads Public Sector Partnerships at Floodbase, and Alex, Executive Vice President for Alternative Risk at Amwins, about their work insuring golf courses, municipalities and more.

The discussion highlights how advancements in satellite technology and data-driven insights are bridging gaps in traditional flood insurance, providing faster, more flexible coverage for both private and public sectors.

Key talking points include:
Learn how Floodbase uses satellite data to track and monitor flood risks
Understand the limitations of traditional flood insurance coverage
Explore how parametric insurance provides flexibility and fast payouts
See how municipalities can use parametric payouts to cover tax revenue losses and community recovery
Examine how historical flood data shapes payout triggers and pricing
Discover the unique challenges of insuring golf courses against floods
Gain insight into the increasing severity of atmospheric rivers and their impacts
Understand how parametric insurance addresses gaps in public and private sector coverage
Hear how municipalities reallocate budgets to afford parametric solutions

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Continuing Professional Development
This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII) - https://www.cii.co.uk/. By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:
Explain the benefits of parametric insurance, including faster payouts and flexible use of funds
Specify the process Floodbase uses to monitor and quantify flood water in insured boundaries
Define the term “atmospheric river” and its relevance to flood risk in California

Let us know you have listened to this podcast by emailing [email protected] and if your organisation is a member of InsTech you will receive a quarterly summary of the CPD hours you have earned.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey - https://docs.google.com/forms/d/e/1FA...