It seems that people need to be shown the the possible devastation that Hurrican Florence will reep through great visualizations

Mind you, maybe people should also just look at history too - the effects are not new. The main damage from a Hurricane is generally always huge flood damage.

Yet insurance policies generally like to steer away from this effect of hurricanes and focus on wind damage only.

Its possible to develop a housing or building code to limit this damage - wind damage. But flood damage is way harder to protect against - in floods the water comes down and rises up and where there are rivers or tides can wash through a building causing massive damage - even if the actual building survives the wind.

Its time to take this seriously.

At Microinsurance we are focused on changing the way insurance is developed and processed. We have developed solutions with Axa for hurricanes in Florida through parametric insurance and this actully covers any damage - yes including flood.

Microinsurance is insurance with an API. We are in the forefront of that change; developing policies by the season, job, by the hour, by the day and by the Km, thus fitting our model to that of the platforms and the way small and micro businesses see risk. We are unbundling policies so that the cover offered fits with peoples needs or the actual job or process being undertaken.

Getting It Done

tags #parametrics #Graphics #visualization #hurricanes #flood #insurance #augmentedinsurance

Posted in MicroInsurance blog on Sep 14, 2018