Previsico on the Next Era of Flood Intelligence for Insurers

Why It Matters

Accurate, probabilistic flood forecasts give insurers a tool to mitigate escalating climate‑related losses, improving underwriting and claim efficiency.

Key Takeaways

• Provisico shifts to probabilistic flood intelligence 2.0 forecasting.
• Partnerships enable parametric insurance solutions for faster claim payouts.
• IoT sensors provide real‑time monitoring, preventing multimillion‑pound losses.
• Two‑day advance warnings aim to curb projected tenfold loss rise.
• Series A funding fuels product development and US market expansion.

Summary

Provisico used its ITC London stage to unveil Flood Intelligence 2.0, a next‑generation forecasting platform aimed at insurers grappling with rising surface‑water flood risk. The company, which counts Liberty, Zurich and Generali among its clients, is shifting from a deterministic single‑outcome model to a probabilistic framework that quantifies both likelihood and severity of flooding.

The new platform couples probabilistic forecasts with parametric insurance products through a partnership with Dart, and integrates live IoT sensor data for real‑time monitoring. A recent deployment at a high‑speed rail (HS2) site near Birmingham allowed the client to relocate expensive equipment before a flood, averting a multimillion‑pound loss.

Stephanie Hendre highlighted an industry report predicting a ten‑fold increase in insurer losses by 2050 due to extreme weather, underscoring the value of Provisico’s two‑day advance warning system. She also cited the company’s Series A round as fuel for further product iteration and geographic expansion, particularly into the United States.

If adopted broadly, Flood Intelligence 2.0 could enable insurers to price risk more accurately, trigger faster parametric payouts, and reduce overall loss exposure, positioning Provisico as a critical technology partner in a climate‑driven insurance market.

Original Description

At ITC London 2026, Stephanie Hendries from Previsico discusses how the business is helping insurers get ahead of flood risk. Previsico already works with key insurance players including Liberty, Zurich and Generali, and the team is keen to dig into the nuances of surface water flooding.

A major focus for Previsico right now is moving forecasting to what the company calls Flood Intelligence 2.0 and Hendries explains that this takes flood forecasting from a single, deterministic “one outcome” view to a probabilistic one. This means that customers can see the likelihood and severity of flooding, instead of a simple yes/no. Hendries also highlights growing interest in parametric solutions, and points to Previsico’s partnership with Descartes, saying partnerships like this matter because they can support better insurance outcomes across the process.

To bring it to life, Hendries shares Previsico's work with Balfour Beatty VINCI on HS2, on a complex Birmingham-area site built on a floodplain. After a multi-million-pound flood loss two years ago, the site implemented Previsico’s forecasting plus live IoT sensor monitoring and during a later flood event, they had enough warning to move expensive equipment and materials, thus avoiding damage and mitigating that risk.

Looking ahead, Hendries notes the rising loss projections for insurers by 2050, driven by extreme weather and Previsico’s two-day warning window is positioned as a practical way to reduce that risk. Following a Series A funding round late last year, Hendries says the priorities are continuing to improve the product (including Flood Intelligence 2.0) and expanding further in the US, where Previsico is already operating.