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FLOOD INSURANCE

Deep water

Complex and unpredictable, flood hazards have typically been insured only by state or federal agencies and a select few private companies. Today, advanced modeling and data innovation are enabling the emergence of more options for those at risk.

Reducing risk

A growing challenge

As climate change increases flood risk, market response becomes ever more urgent. Combining property insurance ratemaking, advanced underwriting technologies, and pricing and profitability analysis, today’s flood insurance market is advancing toward a brighter future.

Video

Flood warning: working to provide better coverage

Re-examining one of the least-insured perils

Podcast

Critical Point Episode 17: The future of flood insurance

Listen
PRODUCTS

Related Milliman products

Modern flood insurance program

Bungalow

Milliman Bungalow is a private flood insurance plan that includes advisory loss costs, risk classification rating factors, and rating rules.

Geographic rating insights

PinPoint

Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.

Risk analytics and reporting
Market exposure & risk analytics

Market Baskets

Market Baskets are portfolios of hypothetical risks with realistic distributions of characteristics used for property and flood insurance pricing.

Premium comparison platform
Premium comparison platform

Pixel

Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.

Pension administration and communication
Property & casualty advisory services

Appleseed

Milliman Appleseed is an advisory organization licensed to submit loss costs, rating factors, and risk scores with state insurance regulators across the U.S.

SERVICES

Related Milliman services

Catastrophe reserving and loss reserve verification

Complex risk assessment

Enterprise risk management

Flood insurance

Predictive analytics solutions

We’re here to help

Ask the tough questions. We’re ready for them.

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