Generali partners with insurtech Previsico to enhance flood resilience in UK
Generali Global Corporate & Commercial (GC&C) has partnered with UK-based flood forecasting insurtech Previsico to help its clients mitigate damage from major floods events.
Previsico’s solutions provide live, actionable surface water flood warnings using live hydrodynamic modelling that draws on several data sources, such as satellite imagery, weather data from the Met Office and IBM, LiDAR elevation data and IoT sensors, among others.
Alan Moore (pictured right), general manager Generali UK branch and UK country head Global Corporate & Commercial, said: “This partnership will be truly beneficial to our clients and our business. We work hard to understand our clients’ most troubling concerns and protect their interests. Risk Engineering & Loss Prevention, together with Underwriting and Claims, are now becoming more data and technology based. With Previsico, GC&C strengthens its ability to meet the evolving clients’ insurance needs, by helping them to further prevent and mitigate their risk exposures and enhance cost-effectiveness of their insurance coverage.”
Calvin Moore, head of risk engineering GC&C UK, added: “This partnership will be enormously beneficial to our clients and our business. Recently, two clients suffered pluvial flood events on the same day, leading to almost £1million in losses and delaying construction works by over 6 months. Now, with Previsico, our clients can ensure timely placement of temporary protection measures to prevent such losses from occurring.”
Jonathan Jackson (pictured left), CEO of Previsico, said: “We are proud to be supporting Generali GC&C with the tools and technology they and their clients need to mitigate loss and build climate resilience. As the effects of climate change become ever more prominent, offering such a service will help Generali to secure its leading position in the UK market over the long term.”
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