Previsico - Insurtech Innovation Award 2023

1. PREDICTING AND
PREVENTING FLOOD IMPACTS

2. About Previsico
• Our mission:
To minimise the effect of flooding
globally by enabling people and
organisations to proactively mitigate
its impacts.
• Our team:
We are 30+ with strong scientific
background (over half have PhDs),
having spun-out of Loughborough
University.

3. The Growing Flood Problem
• 1in 5 properties affected by surface water
flood risk
• 33% UK commercial properties at risk
from flood
• Floods impacts rapidly rising
• Flash floods occurring in areas not
previously affected, catching people off
guard
• Many impacts aren’t covered by insurance

4. Small Rivers and Surface
Water:
• Specialist notifications
provided ONLY via
Previsico
• Majority (56%) of flood risk
River and Coastal Flooding
• Standard warnings typically
provided by government
(e.g. EA in England)
Most Properties at Risk don’t Receive Flood
Warning

5. Flood Forecasting
• Live hydrodynamic
simulations
• Property-level depth/time
predictions
• Captures surface water and
small rivers
Underpinned by two decades of published research

6. On-site Sensors
Solutions to capture localised drainage
issues:
• Fully managed end-to-end service
• Real-time monitoring and
warnings
• Above and below ground insights

7. Our Toolkit
• Email warnings
• Flood dashboard
• API feed
• On-site sensors

8. Benefits for Insurers
• Mitigates losses
• Improves claims response
• Enhances customer experience
• Reduces portfolio risk
• Enables smarter underwriting
• Support ESG initiatives

9. Environment
• Reduce waste
• Reduce contamination
Social
• 40% SMEs never reopen
• Mental health issues 9 times more likely
Governance
• Improve organisation's climate resilience
A Meaningful ESG Impact

10. Liberty Specialty Markets
Issue • Flood impacts rapidly rising
• Flash floods occurring in areas not
previously affected with increased
flood claims
Solution • Liberty providing Previsico forecasting
and sensor solutions to key corporate
clients to mitigate their flood risk
Benefit • Proactively supporting clients
• Reduce risk
• Allows clients to respond to flood
events (move stock, set up defences
etc.)
“Previsico’s technology
allows us to use data
intelligently and integrate
it seamlessly into our risk
management portal for
customers. This provides
very real value to our
insureds.”
Carol Baker
Head of Digital,
Liberty Specialty
Markets

11. Zurich Municipal Partnership
Issue • Zurich Municipal serve many public sector
clients e.g. housing authorities, charities
educational providers.
• The impact of flooding on communities
be widespread and multi-faceted.
Solution • Providing customers with our flood
forecasting and warnings to help them take
preventative action.
Benefits • Helps to minimise loss.
• Reduces false alarms.
• Avoid large scale disruption.
• Cost savings can be great.
• “Surface water flooding
continues to cause major
disruption to our customers;
our partnership with Previsico
enables them to be better
informed and able to mitigate
the potentially devastating
impacts of flood damage. I’m
proud that we’re helping to
build greater resilience in
communities.”
Amy Brettell
Managing Director,
Zurich Municipal

12. Partnerships with…