Your Flood Partner

Over the last decade, every state in the US has felt the impact of flood with global losses exceeding USD 50 billion annually. The time for action is now.

At Swiss Re, we understand the emotional and financial impact a flooding event can have on communities across the US. We’re also acutely aware of the costs associated with repair and recovery which is why we’re here for you, our clients.

At Swiss Re, our flood appetite is broad and robust, and we have compelling client-driven products and service packages to help shrink flood exposure. Alongside our reputation for scale, underwriting expertise, and ease of doing business, we will help you develop holistic flood coverage solutions that address your client needs

We’ll support you every step of the way

What you can expect

Our fully probabilistic US flood model — combining detailed hazard, vulnerability, value distribution and insurance conditions — allows for greater rating accuracy.

We have in-depth underwriting expertise and dedicated flood experts readily available for knowledge exchange and client discussions. We also continue to actively engage with state and federal regulators and lawmakers on this issue.

What we can offer

  • Coverage for any type of flood peril such as river flooding, storm surge and inundation
  • Full multi-product offering: Treaty, Facultative/Swift Re
  • Full nationwide appetite
  • Pro-rata & excess coverage
  • Single- and multi-year support
  • Indemnity, parametric and dual
  • coverage triggers
  • Side-by-side, long-term partnership

A changing space

In the last five years, the nature of the flood landscape has changed greatly.

Today, there are more than 5 million National Flood Insurance Program (NFIP) policies, providing more than USD 1 trillion in coverage to individuals and businesses.
About 15% of American homeowners have a flood policy.

At the same time, due to climate change, flooding events are increasing in frequency and severity. The size of annual USD claims have grown by 15 times since the 1970s.
Still, more than 20% of NFIP claims and 33% of Federal Disaster Assistance relate to properties that aren’t mapped as high risk by the Federal Emergency Management
Agency.

Related teasers

We’re smarter together

We’re smarter together

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