Previsico, the live flood alert InsurTech, has partnered with GWTInsight, a commercial building data services company, to help insurers work closely with their property owner clients to mitigate the risk of surface water flood damage.
Previsico provides live, actionable street-level flood nowcast and forecast warnings. GWTInsight, through its Observer device and technology, monitors building systems which can warn property owners of potential hazards, including fire risks, legionnaires disease risks in water amongst other things.
The partnership will see Previsico’s data plug into GWTInsights’ data presentation system to include accurate, real-time surface water flood warnings. The companies said this gives property owners valuable time to protect their assets.
Today, surface water flooding makes up almost 60% of UK flood risk and, according to the UN Intergovernmental Panel on Climate Change (IPCC), “climate change could increase the annual cost of flooding in the UK almost 15-fold by the 2080s under high emission scenarios.”
Jonathan Jackson, CEO of Previsico, said, “We are delighted to be working with GWTInsight and their ground-breaking service. Surface water flooding can lead to catastrophic loss; anything that helps to mitigate this risk is presents a huge advantage for building owners and their insurers.”
Previsico recently partnered with Zurich Muncipal to boost flood resilience across the UK public sector.
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