Blog: How flood prevention technology can impact claims management
Jonathan Jackson, CEO at flood forecasting InsurTech Previsico, explains how new technologies can change the industry's approach to flood claims.
Last year’s floods in Yorkshire were an example of the increased frequency of flooding driven by climate change and increased urbanisation.
Annual flood damage costs are estimated at £1.1bn, and around 5.4m properties in England are currently at risk of flooding from rivers, the sea and surface water.
The majority (3m) are at risk from surface water flooding, which is historically much harder to predict.
Technology
The good news is that new technology and innovation is improving the flood
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