Post by Epsilon Underwriting

🌧️ The Future of Flood Coverage Has Arrived 🌧️   Every year catastrophic flash flooding causes millions of dollars damage to Australia’s commercial, industrial, urban/rural/regional properties, businesses and assets, with the vast majority being under or uninsured.  And climate change, population growth and urbanisation are only making matters worse.    This is where a #Parametric policy with optional flash flooding cover becomes such a critical part of an overall insurance programme brokers can now recommend to their clients.    Utilising FloodFlash technology pioneered in the UK, now available in Australia, the results are fast, easy and flexible coverage tailored to meet each Insured’s business model and risk appetite.   Using smart-sensor technology, once installed in an agreed location, FloodFlash automates and reports a flood’s depth at the insured property, via mobile or wi-fi technology. And where mobile coverage is lost, FloodFlash records and stores the data, reporting back when connectivity is restored or the device physically recovered. Further, a hard-wired electrical source is not required given the ultra-low power consumption and (up to) 10 year onboard battery system, critical for reporting devices covering extreme flash flooding and weather-related events.     Once the reporting data has been received by FloodFlash, the claims process immediately commences providing peace of mind, and a fast and efficient transparent claims handling and recovery process.    With capacity provided by Certain Underwriters at Lloyd’s of London, Epsilon’s parametric product means Insureds will be ready for anything, with a product that steps in where other standard ISR policies may have gaps or coverage falls short.    To learn more about FloodFlash technology and how an Epsilon Parametric policy can support and compliment an Insured’s broader ISR programme, be sure to reach out to Ellie Houston, Portfolio Manager – Property, today. Epsilon Underwriting Making the Complex Simple. https://lnkd.in/gtuipzCq Paul O'Leary Michael Di Veroli Morgan Long Teresa Towers Sandy Baker