Reinsurance News
Previsico
Previsico aims for European growth and US expansion with latest funding
2nd October 2023
Flood forecaster Previsico has raised further funding, significantly higher than the prior one in 2021, which is aimed to accelerate growth in Europe and enable US expansion. Flooding continues to be the most common and costly natural hazard in North America, with flood-related hazards causing more than $85 billion in damage ... Read the full article
Previsico to leverage €4.3bn Meteosat satellite to deliver better flood forecasts
10th January 2023
Live flood alert Insurtech Previsico is set to leverage the new €4.3bn Meteosat satellite system to deliver even faster and more accurate flood warnings for clients like Zurich, Liberty, and Generali. The insurtech already provides real-time, property-level surface water flood forecasts that enable clients to mitigate flood impacts, which are given ... Read the full article
Insurtech Previsico names Johnny Stubbs Partnerships Manager
27th September 2022
Live flood forecasting insurtech, Previsico has appointed Johnny Stubbs as Partnerships Manager to support accelerated demand in the UK and US. As a specialist in developing and managing successful partnerships with insurance companies with extensive experience in the insurtech space, Stubbs will be responsible for building client-centric plans to help Previsico’s ... Read the full article
Generali GC&C partners with Previsico on flood resilience
19th July 2022
Generali Global Corporate & Commercial (GC&C) has partnered with Previsico, a live flood alert insurtech company to “significantly” enhance UK clients’ flood emergency response readiness. Generali GC&C aims to broaden its own insurance coverage capabilities using Previsico’s technical expertise and warning solutions which provide live, actionable surface water flood warnings not ... Read the full article
Previsico & Zurich to boost flood resilience across UK public sector
22nd June 2022
Live flood warning insurtech firm Previsico and Zurich Municipal have announced a new partnership to boost flood risk resilience across the public sector. The partnership will provide Zurich Municipal’s customers with a surface water flood warning system for the first time and free of charge. At the same time, this solution will ... Read the full article
Acies becomes first MGA to offer Previsico’s predictive flood warnings
9th May 2022
Acies SME UK Managing General Agent (MGA), a UK-based tech-focused MGA, and live flooding insurtech firm, Previsico, have announced a partnership that creates the first property insurance policy to offer a preventative alert service for UK SME companies to boost their flood resilience. In a press release, it says that Previsico ... Read the full article
Previsico appoints new chairman
25th January 2022
David Marock is to join Previsico as chairman, it was announced this week. Marock, former CEO of the Charles Taylor Group, will be working to help the UK business expand into what the company says will be a ‘global insurtech leader in the live flood forecasting space’. In a statement, Marock said: ... Read the full article
Previsico hires former RMS lead modeller Dimosthenis Tsaknias
16th June 2021
Live flood forecasting insurtech firm Previsico has announced the appointment of Dimosthenis Tsaknias as Senior Flood Modeller in charge of its flood modelling team. Tsaknias previously served as Lead Modeller for RMS, where he contributed to the development of hazard and financial loss flood risk models covering 12 countries in Europe, ... Read the full article
Zurich partners with Previsico using technology for a major client
8th April 2021
Flood forecaster Previsico has partnered with insurer Zurich and one of their top UK customers in a market-first tripartite pilot across 5,000 UK locations. The aim is to plug a major flood forecasting gap around surface water flooding and significantly reduce the cost of false alarms. One of the biggest risks in ... Read the full article
Lloyds Bank & Previsico partner on flood resilience
10th November 2020
Live flood forecasting insurtech firm Previsico has announced that it will join the Launch Innovation Lab, powered by Lloyds Banking Group, to develop solutions for flood resilience. Together, Previsico and Lloyds will work to develop a solution for Lloyds home insurance customers, against a backdrop of increasingly severe and frequent flood ... Read the full article
Previsico hires Business Development Manager
18th August 2020
Live flood forecasting specialist, Previsico, has announced that Lucy Coutts has been appointed as its latest Business Development Manager. This move is to support the company’s insurance expansion that’s being planned in the UK, US and beyond. The Insurtech company is currently based in the UK with a recent launch in the ... Read the full article
Flood forecasting insurtech Previsico launches in UK
14th November 2019
Previsico, a SpinOut insurtech company from Loughborough University that specialises in flood modelling, has announced its nationwide launch in the UK. The firm aims to support re/insurers, brokers, and their customers with live actionable flood warnings, including uniquely for surface water flooding. Previsico believes that the growing threat of surface water flooding ... Read the full article
InsurTech Previsico targets insurance sector with flood resilience solution
14th August 2019
InsurTech firm Previsico, a SpinOut company from Loughborough University that specialises in modelling flooding in real-time, has announced its entry into the insurance sector following a successful seed funding round. The InsurTech specialises in modelling surface water flooding in real-time, and leverages the latest weather predictions to produce property-level flood nowcasts ... Read the full article
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