The Friday Five: Week of August 5, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

The Friday Five: Week of July 29, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

The Friday Five: Week of June 24, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

The Friday Five - Week of May 20, 2019

If you care about what’s happening in the world of property and casualty (P&C), then this is the place to be. Each week, we serve up a bite-size roundup of the latest news, hot topics, and (admittedly subjective) tidbits to keep curious insurance professionals, like you, in-the-know.

3 small steps for the U.S. private flood market

In the past week, we’ve seen some encouraging private flood market activity—that individually may seem small, but as a trend supports our recent post about why 2019 is going to be a big year for private flood insuranceHere are a few small victories from this week that, if you're an insurer, MGA, or broker looking to expand your U.S. private flood market presence, you may want to take note of…

2019 is going to be BIG for U.S. private flood insurance

  1. Advancements in flood mapping, model science, and analytics mean insurers have the information they need to more accurately quantify and price flood risk  
  2. NFIP is openly acknowledging the need for more private sector involvement, with (fingers crossed) more favorable legislation likely coming down the pike
  3. Consumers and businesses alike are becoming savvier to the need for flood insurance or better coverage (e.g. Hurricane Florence exposed a large protection gap with an estimated 70% of total losses uninsured)
  4. Insurers are looking for new markets and areas to expand their portfolios—and US flood is a leading candidate
  5. With an extensive amount of excess capital in the market, now is a prime time for startups, re/insurers, MGAs, and brokers to partner up—and dip their toes in the private flood pool

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