UK floods need adequate insurance and faster response
Saturday, 01 02 2016, Category: Insurance and Reinsurance, Country: United Kingdom
As the new year begins, many people in the UK are still struggling to cope with the dramatic impact of flooding.
Unfortuantely, this natural disaster is becoming more common, and yet every new flood seems to spark the same confusion and anger that arises from a lack of a co-ordinated response and differing levels of insurance coverage.
The undeniable fact is the world is changing. The risks that the insurance industry has traditionally covered are being replaced by fast-moving, complex scenarios requiring significant technical expertise alongside cutting-edge technology such as drones and data scientists, to enable a faster and more accurate response.
Source: The Telegraph