Modern flood insurance program
Milliman Bungalow
Empowering insurers to close the flood insurance protection gap while managing risk and profitability.
Flood insurance gaps persist due to risk and cost
We understand the challenges of developing a sustainable flood insurance business:
- High initial costs to develop rating plans—and high ongoing costs to stay competitive
- An emerging market lacking experience data
- Complex and expensive compliance requirements that slow the process of getting to market
A complete flood insurance rating solution
Milliman Bungalow® brings together everything you need to get started in a prebuilt, yet customizable solution, including:
- Actuarially sound loss costs that can be readily customized to your product
- A production-ready rating engine
- Precise geographical data for pricing and underwriting
Key features
Bungalow flood system drives powerful risk management
- Matches price to risk at the highest resolution in the industry
- Based on KatRisk’s inland flood and storm surge models
- Includes underwriting data, advisory loss costs, and rating factors
Full flood data helps you meet market needs
- Market Baskets for granular representative exposures
- Historical flood loss data
- National Flood Insurance Program and competitor flood premiums
- Elevation, coastline, and other geographic data
Accelerators help you get to market faster
- Gain location-specific pricing and rating with Milliman PinPoint
- Obtain pre-approved flood loss costs with Milliman Appleseed
- Leverage flexible competitive analysis from Milliman Pixel
Customization services support competitive differentiation
- Execute your unique strategy, building on a rich, data-driven base plan
- Adapt the configurable solution to your changing needs
- Access industry expertise to discover key opportunities
Bungalow benefits
Profitable growth
Realize opportunity with sophisticated rates from our flood data and the KatRisk model.
Speed
Get to market quickly with pre-approved loss costs, prebuilt accelerators, and years of flood expertise built in.
Low cost
Reduce or avoid development and regulatory costs to increase agility and free resources for innovation.
Differentiation
Rapidly customize your solution with help from Milliman’s flood and GIS experts.
Related products
PinPoint
ミリマンのPinPointは、保険会社がコスト効率的に地理空間情報を用いて住宅保険および洪水保険を評価し、料率設定を行い、市場に出す支援をします。
Market baskets
Market baskets are portfolios of hypothetical risks with realistic distributions of characteristics used for property and flood insurance pricing.
Pixel
ウェブベースの保険料比較ツールを用いて、新しい市場分野を特定し、逆選択を特定し、より優れたプライシングの決定を可能にします。
Appleseed
Milliman Appleseed is an advisory organization licensed to submit loss costs, rating factors, and risk scores with state insurance regulators across the U.S.
Related services
気候レジリエンスに対するコンサルティング
気候レジリエンスとは、特定の災害に対する気候の影響に関する個人、事業、政府による認識および計画を意味します。
インシュアテック・コンサルティング
お客様の主要課題を解決し、データを最大限に活用する保険関連テクノロジー・ソリューションを選択します。