Previsico Teams Up With Mitigrate on Flood Damage Reduction

The latest partnership news from Mitigrate and Previsico for you;

Previsico, the UK specialist in real-time flood forecasting and alerts, has announced a strategic partnership with Mitigrate, the Norwegian climate insurtech, to help insurers and risk managers predict flooding, identify vulnerable properties and take action to prevent and mitigate losses.

The partnership combines Previsico’s hyperlocal flood forecasting technology with Mitigrate’s property-level risk and prevention intelligence, enabling insurers to identify where and when flooding is likely to occur, which properties are most vulnerable and the most effective measures to reduce potential damage.

The two companies will work together to bring these capabilities to insurers across the UK, the Nordics and Europe, supporting the industry’s shift from responding to flood claims towards proactive risk prevention.

Previsico provides real-time, location-specific flood forecasts and early warnings, helping insurers, businesses and policyholders prepare for flooding before it happens. Mitigrate complements this with intelligence covering more than 50 million buildings across Europe, identifying high-risk properties and recommending targeted, costed flood resilience measures.

Victor Nekhay, Insurance Lead at Previsico, said: “Our clients use Previsico to know where and when flooding will hit. Mitigrate gives them the next step, highlighting the properties to protect and which measures will reduce the loss. Working together means insurers can move from warning to action.”

Laurent Feuilleaubois, CEO of Mitigrate, added: “A forecast tells insurers the water is coming. Mitigrate shows which properties to protect, which flood resilience measures will cut losses most, and, with short notice, what emergency measures to implement as a last resort. With Previsico, insurers can act on both and keep flood risk insurable.”

The partnership will support insurers across three key areas:

· Underwriting – combining location-specific flood forecasts with property-level vulnerability data to deliver the greatest return on prevention

· Risk engineering – focus surveys and prevention advice on the properties where forecasts and vulnerability both point to the highest loss potential

· Claims – act before and after events, with clear build-back-better measures that reduce repeat losses

The partnership will enable insurers to prioritise interventions, direct resources towards properties facing the greatest potential losses and support more informed underwriting and risk management decisions.