Client testimonial by Steadfast

Many home and business owners are hungry for information on whether their property is in a flood zone. Steadfast used Swiss Re's geo-risk tool CatNet® Premium to create our new flood risk tracker, which identifies the likelihood of flooding at a specific address. People are then equipped with data that ensures they can have an informed conversation with their insurance broker about their specific protection needs.

The tool provides us with the capability to map where a client’s assets are located, which gives us a good understanding of where their risk footprint fits from a natural catastrophe perspective. We can then more adequately assess their insurance / protection needs.

It allows our brokers to have a more comprehensive and deeper discussion with their clients about their risk profiles. It’s not just focused on insurance but rather extends to exploring questions like: what do we do to mitigate risks posed by exposures to natural hazards and how do we prepare ourselves? What's the impact on us from a financial standpoint? And how will that affect the balance sheet?

The more that you can do in terms of mitigation and understanding natural catastrophe hazards, the better off your clients’ businesses will be. If you're having a conversation with your client pool around their operational issues and insurance you need to get a good handle on natural catastrophes, their geographic location, and what it means from that standpoint so they can prepare properly. CatNet® Premium allows you to do that, as we have seen through our flood risk tracker.

Swiss Re were very engaging and willing to listen. Their team sat down and worked with us to create the best solution and that solution doesn’t look like anything else we have seen. They are all about looking to improve and that comes through in products like CatNet® Premium.

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