A New Way to Look at Canada Flood

Posted by Ivan Maddox on Nov 14, 2017 2:37:07 PM

As this blog likes to point out, the best way to evaluate flood risk is with risk scoring. We could look back at how it improves underwriting, we could watch it in action, how it works, or go deep into how it works in a specific region (like California’s Central Valley).

Read More

Topics: Flood Insurance, Insurance Protection Gap, Canada Flood Risk

In Singapore at the SIRC

Posted by Ivan Maddox on Nov 1, 2017 8:16:43 AM


This week I’m attending the Singapore International Reinsurance Conference (SIRC), the largest Asian gathering of the reinsurance industry, including brokers and reinsurers, and the cedants who are their clients. The first thing I learned is that reinsurers are rejecting their recent labeling as “traditional reinsurers”, as new “alternative” capital moves into reinsurance. They now prefer to call themselves “professional reinsurers”. Sounds good!

Read More

Topics: Flood Insurance, Insurance Protection Gap, Effective Underwriting

A Real World View of Floods

Posted by Ivan Maddox on Oct 19, 2017 8:12:28 AM

It is time to name a 21st century phenomenon by which bad news or possibilities are blown out of  proportion. Examples would be self-diagnosis on the web (by which sniffles can turn into brain cancer), or the appearance that events in the news are worse than they actually are. Maybe we could call it “Negativity Amplification”. We could even look at Harvey to explore it.

Read More

Topics: Flood Modeling, Flood Risk, Insurance Protection Gap, Houston

Insurance Solutions for Emerging Markets…and Maybe Texas

Posted by Ivan Maddox on Sep 26, 2017 3:17:03 PM

Here is a Reuters article from July (pre-Harvey and the rest of this year’s storms) that explores how parametric flood insurance is a viable way to get necessary coverage in place to help cover the vast Asian protection gap. A little extra research turns up parametric programs in Bangladesh, and then China. Very cool stuff.

Read More

Topics: Flood Insurance, Insurance Protection Gap, NFIP, Houston

At the WSIA (née NAPSLO) in San Diego

Posted by Ivan Maddox on Sep 19, 2017 4:00:00 PM

Last week, Catherine and I were in San Diego with colleagues and friends at the WSIA (Wholesale and Surplus Insurance Association), which is the combination of NAPSLO and MGAA. Last year was my first time at this show, and everything I wrote about it last year I would write again. This year the event was held two weeks after Harvey, and while Irma continued to storm in the southeastern states. Needless to say, flood was an ubiquitous topic of conversation.

Read More

Topics: Conferences, Flood Insurance, Flood Modeling, Insurance Protection Gap

The Risks of Hazard Blog   rss-feed

Welcome to The Risks of Hazard, brought to you by Intermap Technologies®. From the latest industry news and trends, to insight from thought leaders around the globe, stay tuned for a variety of content aimed at helping you better understand the role of location-based intelligence in the world of insurance underwriting and risk assessment.

To see how Intermap delivers analytics tailored to your underwriting, visit our InsitePro page.

Subscribe to the Risks of Hazard blog!