The American Association of Insurance Services (AAIS), a prominent organisation in the insurance industry, has welcomed reThought Flood to the AAIS Partner Program.
The partnership between AAIS and reThought Flood is driven by their shared commitment to addressing the significant gap in flood insurance coverage across the US.
With a mission to create a sustainable commercial flood insurance market, reThought Flood aims to leverage AAIS’s Partner Program to expand its reach to risk carriers, brokers, and households lacking adequate flood coverage.
With a strong emphasis on leveraging technology, reThought Flood aims to address the low penetration of flood coverage despite the high incidence of flooding in many areas across the country.
By collaborating with industry professionals, both organisations aim to develop solutions that effectively meet the needs of customers while enhancing efficiency and speeding up the market’s response to flood risks. Through this partnership, AAIS members can access innovative solutions that streamline processes and drive business growth.
Cory Isaacson, Chief Executive Officer of reThought Flood, stated, “The goals of AAIS are exactly aligned with our own. Our mission is to create a sustainable commercial flood insurance market in the U.S., where 99% of counties flooded since 1996, but fewer than 10% of households have flood coverage. As a member of the AAIS Partner Program, we will be able to bring our proven technological solution to this problem to more risk carriers, brokers, and ultimately, to more Americans.”
John Kadous, Vice President of Products at AAIS, added, “reThought Flood and AAIS share a vision to work collaboratively with insurance industry professionals to create solutions that meet the needs of our customers. AAIS Members will be able to leverage reThought Flood’s expertise and unique approach to pricing flood risk to further build efficiency and speed to market.”
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