‘Hot 100’ InsurTech Previsico announces that it will deliver flood forecasting data on
behalf of Loughborough University for the new ResilienceDirect mapping platform, now launched by the Cabinet Office and Airbox Systems in the UK. This data will also be accessible via Previsico to insurers direct.
The ResilienceDirect platform, nearly two years in the making, has been reimagined from the ground up to provide one place for local government, emergency services, utilities, and hospitals to access warnings of flood risk and plan for and brief against all types of resilience events across the UK.
In a world first for an emergency planning system, the platform incorporates surface water flood modelling, a bigger issue in the UK than river and coastal flooding. This capability, introduced in collaboration with Professor Dapeng Yu at Loughborough University and Founder and Chief Scientific Officer at Previsico, enables emergency responders to understand which access routes may be affected by surface water during high rainfall events, saving vital response time.
Jonathan Jackson, CEO of Previsico, said: “There is no better way for emergency services to create contingency plans and to brief teams. The platform allows users to draw from an incredible range of government-supplied, authoritative data and mapping, including, uniquely, for surface water flooding. We are also proud to be able provide our data direct to insurers and brokers, to protect lives and livelihoods.”
Luana Avagliano, Head of ResilienceDirect who presented at Previsico’s ‘Forecasting for Resilience’ event in February, said: “It is imperative that in this ever-changing and challenging world, we stay up-to-date and embrace emerging technologies. This is why, as always, user requirements have driven our ResilienceDirect mapping capability. We will continue to provide the best possible tools for our Resilience Community and
support their mission to Save Lives and Keep the UK Safe.”
Previsico’s data will provide insurers with an accessibility map in the case of flooding, so that claims teams can more accurately understand where it has occurred, to reach affected properties and protect vulnerable people. This will not only lead to a better service and happier customers, it will also enable an earlier indication of total losses, reduce fraud, and improve claims efficiency.
A Loughborough University spin-off backed by 20 years of academic research, Previsico has been on the fasttrack since launch, including going UK-wide in November 2019 and live in the US market June 2020, to support insurers, brokers, and customers with ‘live actionable flood warnings’.