Acies first MGA to offer Previsico's predictive flood warnings embedded within insurance offering for UK SMEs
Acies SME UK partners with Previsico to embed live flood-alert technology inside its insurance offering for UK SMEs.
Acies SME UK MGA, a UK-based tech-focused MGA, today announced a partnership with Previsico, the live flood alert InsurTech. This partnership creates the first Property Insurance policy to offer a preventative alert service for UK SME companies to boost their flood resilience.
Previsico's technology predicts flood events that are not covered by any other warning system, with an alert service that will come from Acies SME UK MGA that is designed to predict location, time, and depth of flooding before it happens. This will enable SMEs in the UK to protect their business by initiating flood resilience measures, such as moving stock to higher ground, removing mobile assets from harm's way, and setting up defences.
This tech-driven SMS and email alert service enables customers, insurers, and their loss adjusters to react to potential incidents before they happen, reducing Business Interruption, benefitting from an improved claims response, and minimising the flood risk.
“As a Managing General Underwriter, we create products with experienced underwriters that are needed for today.”
“Flooding is a problem and unfortunately isn't going away and we are now at phase 1 of our plan to help the SME sector.”
“Climate change and urbanisation are escalating flood impacts - particularly in areas previously unaffected by flooding.”
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