Hazel
FLOOD
Insurance
for
Create competitive advantages in both hard and soft markets.
Eliminate Mispriced Risk
Competition: 10m resolution, 500yr Flood
Houston, TX
HazelFlood: 0.5m resolution, 500yr Flood
Houston, TX
A competitor [above left] modelled two residential addresses exposed to a 500-yr flood event. HazelFLOOD [above right] modelled the same addresses exposed to the same flood event. Using FEMA $/inch damage estimates, the contrast is stark: a difference of $522,000 on one property, and $345,000 on the other.
Case Study:
Better modelling results in more competitive pricing.
Why does it matter?
For brokers, carriers, reinsurers, and property owners, accurately priced flood risk will activate a $40B coverage gap in the US alone.
• Generate volume:
Establish precise pay-out trigger thresholds for new parametric (supplemental) flood policies;
• Price competitively:
Identify mispriced risk (within or outside FEMA flood plain boundaries);
• Settle rapidly:
Make fair, rapid claims adjustments across a broad spectrum of flood events;
• Contest fraud;
• Bolster data capabilities:
Improve analytics pre-event and recalibrate tools post-event.
Use HazelFLOOD to: