Flooding
Biba develops flood product for SMEs
The body has worked with Mi Commercial Risks to extend its flood scheme.
BI highlighted as commercial flood risk issue
A survey by parametric provider FloodFlash saw 71% of brokers say they have had to handle flood incidents for clients.
Industry pulls together to mitigate flood risk
The British Insurance Brokers’ Association, the Association of British Insurers, and Flood Re have launched a Flood Insurance Directory to help customers access flood cover.
Biba focuses on ‘managing risk’ as manifesto theme
The trade body launched its manifesto and revealed UK brokers arrange £74bn of insurance per year.
Insurance Age year in review - Andy Bord
Andy Bord of Flood Re reflects on the challenges and opportunities of 2021 and points out what 2022 might hold for the insurance industry.
News analysis: How climate change impacts risk development
Brokers tell Insurance Age about the way the risk landscape has morphed as a result of climate change and what advice they should be sharing with clients.
Zurich unveils flood resilience initiative
Insurer says it has transformed the way it handles flood claims for both direct and broker business following a warning by the Environment Agency (EA) that the UK must “adapt or die” to climate change.
IPT untouched in latest Budget
While the tax cut on flights ahead of COP26 grabbed headlines, brokers breathed a sigh of relief as hated insurance premium tax remained at 12%.
Biba hopes "win-win" flood directory will help improve industry reputation
Executive director Graeme Trudgill says signposting service is a chance for the industry to come together and urges brokers to get involved.
Biba, ABI and Flood Re open registration for flood directory
The directory is set to launch later this year and the organisations are now calling for specialist brokers and providers to register to be part of the service.
Blog: Modelling the risk of flood
FOIL’s Laurence Besemer explores the flood solutions designed to better model risk and help those in danger of this catastrophic peril.
Open GI, Plum Underwriting and Verisk team up on home offering
The organisations will initially collaborate to develop a home flood proposition for the broker market.
Blog: Flood resilience needs a multi-faceted data-based response
Richard Toomey, of Lexis Nexis explains how data can help the industry to protect customers from the increased risk of flooding.
Insurance Hound: Most read by brokers in February 2021
Which topics have been sparking brokers’ interest?
Video: Record flood claim settlement underlines value of parametric insurance
Floodflash founder CEO Adam Rimmer talks to Insurance Age content director Jonathan Swift about how it paid a Storm Christoph claim in January within 9 hours and 44 minutes.
Video: New research underlines need for brokers to educate over flood risk
Floodflash founder CEO Adam Rimmer talks to Insurance Age content director Jonathan Swift about a new survey it undertook that found that 48% of businesses worry about flooding as a threat to the UK economy.
Biba zones in on resilience in 2021 manifesto
Manifesto includes a number of commitments from the broker trade body, covering areas including underinsurance as a result of the pandemic, IPT, cyber insurance and signposting to help customers access insurance.
Blog: What’s the point of insurtech?
How can broker leverage insurtech products to provide the best solutions for customers? Leakbot’s Craig Foster weighs in.
Parametric insurtech FloodFlash targets bigger risks with new launch
Insurtech FloodFlash has launched a new iteration of its parametric commercial flood insurance designed to support risks and portfolios where the flood premium is between £20,000 and £1m annually.
Blog: Real-time data helps brokers get on the front foot in flash floods
The recent heatwave, followed by storms, has heightened the risk of flash-flooding. Richie Toomey, of Lexis Nexis, explores how brokers can use data to mitigate the impact.
Insurance Covid-Cast: Insurtech 100 special – 'Claims Focus' with Floodflash, Snapsheet and Tractable
In the 22nd episode of Post and Insurance Age’s video series we gathered together a trio of start-ups featured in the Insurtech 100, all of which are focused on using the latest technology to make the claims experience smoother and more transparent using…
EPUL teams with FloodFlash on property product
Its parametric property investor proposition now allows brokers to get FloodFlash quotes at renewal and for new business.
Government calls on Amanda Blanc to lead flood inquiry
Blanc will head up a review following the Doncaster 2019 flooding to learn why victims did not have the right cover.
Uinsure expands into non-standard home insurance
The InsurTech firm now provides quotes for categories including holiday homes, non-standard construction, listed buildings and homes subjected to previous subsidence and flooding.