Insurance
We help insurers deliver a viable flood insurance product through accurate risk assessment of their clients.
We provide insurance companies with a modeling solution offering the most accurate flood mapping on the market. Our flood models assess risk at building scale, mapping flood zones at 1-meter spatial resolution.
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Our solution offers flood modeling data for all three types of flooding: fluvial, pluvial and coastal, across Canada.
1.7 millions buildings
are at risk of flooding in Canada
1 Billion dollars
the average annual cost of flooding to insurers
By 2030
flood damage will triple
Geosapiens flood models are accessible through its
web portal and API.
For each of your customers,
our solution assesses:
The frequency and the probability at which a building can be flooded;
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The water level at the scale of the property for different flood scenarios;
The damage potentially caused to the property by different flood scenarios or on an analyzed basis;
A personalized alert up to 3 days in advance in the event of a flood;
The protective measures to be put in place in the event of a flood.
Thanks to our modeling solution, insurers are able to:
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Accurately assess the extent of damage to which their customers are exposed;​
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Define the risk , history and intensity of flooding for their clients;
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Adapt their insurance offer through more viable products;
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Gain market share by offering flood insurance policies for previously uninsurable people;
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Help clients prevent or mitigate the risk of flooding;
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Reduce their customers' claim costs and thus reduce claims costs.