At the Risks of Hazard we explore what is happening in the cat underwriting market. Today we can share a bit of good news close to home – our InsitePro team are now working with Chubb Global Markets. It is exciting for us here because this is a group that is leading the entry of “private flood insurance” (i.e. actual flood insurance from the insurance industry) into the US.
InsitePro allows underwriters to get a clear view of flood risk, and unlike other options, the flood risk is intended specifically for underwriting (not accumulation or financial modeling). The fit is natural with Chubb Global Markets, because they are very aware of the importance of solid underwriting and they want to work with us because they demand the best in data and analytics to support that specific activity. With InsitePro they are showing a commitment to underwriting strength.