Responsible underwriting “An estimated 20% of people These facts highlight the need for insurance are at risk of being flooded right solutions to better predict the likelihood now. The stark reality is that of an event occurring for insurers to take precautionary measures faster - whether by 2050, this will rise to 50%. triggering alerts to communities proactively, The direct impact on people’s deploying emergency responses, or personal lives is obviously huge, implementing preventative scenarios planned. but the economic impacts “It becomes critical to are equally alarming: 40% of forecasting weather events businesses never reopen after using a variety of risk factors flood damage, which kills accurately. Those must use employment in communities. quality data to drive that People impacted by floods are accuracy. The appropriate depth nine times more likely to suffer of data, whether on-land or off- mental health problems (and land, has become an essential understandably so) building weather-prediction criterion for measures to ensure and support insurers and adjacent industries this growing population is too.” an example of responsible Matt Stein underwriting.” Salient Predictions Jonathan Jackson Previsico