Previsico urges cross industry collaboration to tackle extreme flooding

Previsico, the actionable flood warning insurtech, has called for collaboration between insurers, government, and industry to tackle the growing threat of extreme flooding globally during the London Climate Action Week, which took place last month.

The flood insurtech engaged with policymakers, insurers, and innovators at the London Climate Action Week to drive forward a collaborative agenda for flood resilience.

Aleks Surowiak, Head of Sales at Previsico, sat on a panel at the Climate Innovation Forum, hosted by Equans and chaired by James Murray, Editor-in-Chief of Business Green, called: ‘ The Climate Data Journey: Managing Opportunities, Challenges and Expectations’.

Surowiak urged all stakeholders to unite and deliver a comprehensive national flood resilience strategy, highlighting that UK flood losses now exceed £1 billion annually and are projected to increase fivefold by 2050 due to climate change and urban development pressures.

Surowiak argued that no single sector can work through this alone, “Flooding is no longer an isolated threat – it is a systemic risk that affects us all. At the Climate Innovation Forum, part of London Climate Action Week, I’m urging insurers, government, and industry leaders to work together to safeguard our communities, infrastructure, and economy.”

Ed Miliband, Secretary of State for Energy and Climate Change, also spoke at the forum, “Communities across the UK are already facing the consequences of flooding. The urgency of the climate imperative is clearer than ever.”

There is a case being made that insurers are uniquely positioned to incentivise proactive adaptation to the impacts of extreme weather. Previsico’s partnerships with Liberty Specialty Markets, through its Risk Reduce platform and Zurich Municipal, which bundle Previsico’s solutions into its policies, show how early warning tech and mitigation incentives can reduce exposure and build resilience.

Previsico calls for the creation of a cohesive national flood resilience strategy, backed by real-time data, smart forecasting tools, and aligned incentives. The firm stressed, “Without unified action, businesses and communities will continue to suffer the costs of fragmented response efforts.”

Surowiak added, “We know that up to 70% of flood losses can be avoided with the right plans and early warnings. Now is the time to act, together.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.