Previsico, the live flood alert InsurTech, has partnered with Watertight International, a provider of flood resilience solutions.
Watertight describes itself as a market leader in designing, sourcing, installing and maintaining property flood resilience solutions, such as flood barriers. Their approach follows the UK Govt.’s Property Flood Resilience (PFR) industry Code of Practice, supported by insurers across the industry, including Flood Re, Aviva, Zurich, and Sedgwick.
Previsico’s next generation live flood forecasting solution brings together IoT sensors, the latest weather data from the Met Office and IBM, and their advanced flood modelling capabilities to address the increasing global issue of surface water flooding for insurers and their major corporate clients.
According to Previsico, the partnership will support insurers’ risk engineering teams who undertake flood risk analysis to advise clients to use flood warnings and implement flood resilience measures. Insurer Liberty Specialty Markets is the first insurer to use this service to mitigate flood losses for its clients.
Jonathan Jackson, CEO of Previsico, said,“Previsico and Watertight is a perfect partnership. During early trials, Previsico had installed its own sensors, but we needed a specialist to take on the installation following surging demand. Together Previsico and Watertight are now able to offer a one-stop-shop for risk engineers who have assessed properties at risk of flood and require PFR measures and warnings.”
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