Daily Fintech Conversations

Flood risk AI is now a reliable tool- is there a desire to put it to work?

Originally published at: https://dailyfintech.com/2019/09/19/flood-risk-ai-is-now-a-reliable-tool-is-there-a-desire-to-put-it-to-work/

Flood insurance has been a wallflower at the coverage dance- an eager participant but not able to find a suitable partner. Innovation efforts have found suitable risk prediction partners for carriers- FloodMapp, Hazard Hub, and Previsico among others- but is the flood insurance market ready? Politics, inertia, customer preferences and regulation might keep the music…

Really interesting why flood insurance is so hard to get right. Good to see some innovative approaches to the problem.Sad to see why some worthy initiatives were destroyed by politics and inertia.