Reinsurance News

WhenFresh & Ambiental partner on UK flood data

10th February 2021 - Author: Matt Sheehan

Data supplier WhenFresh has partnered with Ambiental Risk Analytics, a specialist in environmental hazard intelligence, predictive analytics and risk management, to make Ambiental’s flood risk data available to UK re/insurers.

Flood insurance and reinsurance imageWhenFresh already supplies data to many leading UK insurers, but will now be able to provide access to Ambiental’s UK FloodMap and UK FloodScore solutions.

These include data for fluvial (rivers), tidal, and pluvial (flash flooding) risks, with flood depth and velocity information down to individual building level.

“We employ best-in-classflood modelling technology and the highest resolution data available in UK FloodMap and FloodScore, providing insurers with clear, detailed, and easy-to-understand flood information for all major floodwater sources, down to individual building level for a range of return periods,” said Rob Carling, Ambiental’s Channel Sales Manager.

“Our flood data can be readily integrated with underwriting pricing systems and we’ve made it easy to combine vulnerability data and depth-to-damage curves to understand risk and estimate loss more accurately.”

Carling continued: “Even if you’ve already got a source of flood data, our specialist flood mapping data layers can support your flood risk strategy by giving you a more accurate and complete view of flood perils. In the insurance and banking sectors, it is also used to assist in compliance, such as with Solvency II, and meeting best practice guidelines.”

“The WhenFresh API provides insurers, lenders, and other ‘big data’ users with access to over 200 proprietary, private, and public data sources in standardised, readily-consumable formats, via a single, simple API integration,” explained WhenFresh CEO Mark Cunningham.

“We’ve now assembled over 2tn data items in one place and can provide all the property attribute, topological, geospatial, environmental, risk, peril, valuations, market and climate data that insurers, lenders and other big data users need to support their underwriting, pricing, property valuations, mortgage decisioning and more. The Ambiental flood data is an excellent addition to the range of data available via the WhenFresh API and makes this easily accessible both to existing and new end users,” concludes Cunningham.

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