We're delighted to announce that Aon Benfield are now running our UK probabilistic flood model on their award-winning ELEMENTS platform.
Angus Milgate, head of Aon Benfield’s UK & Ireland team, said: “Aligning the view of risk between underwriting and reinsurance is a critical step to managing flood risk but we knew some insurers were experiencing a disconnect between the two results. This new approach with JBA means insurers can align model output and evaluation for reinsurance with the levels of flood risk from JBA’s hazard data used for underwriting.”
Jane Toothill, JBA’s Director, added: “We’re delighted that Aon Benfield and Impact Forecasting have chosen to make the JBA UK probabilistic model available via ELEMENTS. ELEMENTS is the platform of choice for many re/insurers; we’re pleased they’ll now have easier access to our high quality UK model, in a trusted and familiar environment.”