Verisk Launches WaterLine, Significantly Enhances Solutions for Private Flood Insurance Market
WaterLine, developed by
WaterLine comes to market just months after floods damaged homes and disrupted businesses in communities across
"For decades, outdated regional flood maps and a lack of detailed risk information have discouraged many property insurers from taking on flood exposure," said
The solution scores properties on a 0-to-100 relative risk scale and shows the factors contributing to the score. It uses advanced probabilistic simulations based on hydrologic and hydraulic engineering from AIR's Inland
"WaterLine can also help insurers expand into the emerging flood market with underwriting information that can help both personal and commercial insurers achieve profitable growth," continued Treacy.
Through its various property/casualty insurance businesses,
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