Private Flood at the Crossroads – Sink (pun intended) or Swim?

Posted by Bill Raymor on Jun 14, 2017 8:00:00 AM

At Intermap Technologies we write about the ever-changing landscape of insurance, government, and natural catastrophe. Because of the pending reauthorization plans for the NFIP (H.R.1423 - National Flood Insurance Program Reauthorization and Improvement Act of 2017) currently working its way through Congress, our most recent blogs have been centered around flood.

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

The Multi-media Flood Edition

Posted by Ivan Maddox on Jun 7, 2017 8:00:00 AM

This week’s blog features a recent video from AM Best TV, and a podcast from First the video.

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Topics: Flood Insurance, Risk Management, Flood Risk

We Want To Hear from You

Posted by Ivan Maddox on Dec 1, 2016 2:26:22 PM

The Risks of Hazard is going to try something new in January 2017, and we need your help, gentle reader.

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Topics: InsitePro, Risk Management, Survey

An Underwriting View of Cat Bonds

Posted by Ivan Maddox on Nov 16, 2016 9:21:05 AM

As regular readers of The Risks of Hazard know, this blog focuses on the primary underwriting of cat risk, and the benefits of better underwriting that can be realized by insurers and society at large. Thus, catastrophe bonds are a topic that rarely come up in our discussions. However, the protection gap does (and does and does!). When The Intelligent Insurer published this paragraph-length headline - ILS Leads the Way ... and May Help Closing the Protection Gap - it was inevitable that cat bonds would make their debut in the blog.

Cat bonds, or Insurance Linked Securities (ILS), are far removed from the act of underwriting a cat risk – in fact, they are at opposite ends of insurance. Cat bonds are the final divestment of risk from the insurance industry into capital markets, (unless they bypass insurance completely, as with the MetroCat cat bond), while underwriting is how the risks get into the industry. Granted they are so far apart, how does underwriting relate to cat bonds?

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Topics: Flood Insurance, Risk Management, Private Flood, Insurance Protection Gap

The Butterfly Has Landed – Rating all the Risks

Posted by Ivan Maddox on Nov 2, 2016 8:00:00 AM

Earlier this year, we introduced the concept of the butterfly chart at the Risks of Hazard. To quickly summarize what the butterfly chart is, there are two distinct opportunities for underwriters to grow flood premium each forms a wing of the butterfly.

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Topics: Insurance Underwriting, Risk Management, Flood Risk

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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.

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