Brit launches digital flood product for US market

Global specialty insurer Brit announced the launch of Brit Flood, a new digital underwriting platform for brokers offering instant quotes for primary US residential flood insurance.

Offering up to $1 million combined coverage, Brit Flood will also include optional Loss of Rents, Business Interruption and Building Contents cover, as well as a range of deductibles.

Coverage is available across 50 states, and includes rates for the coast, as well as surge cover.

“With floods occurring more frequently, the role of private insurance is becoming ever more critical in addressing the flood protection gap that exists in the US. Brit have been offering primary flood cover for over 13 years, and we saw a clear opportunity to provide a quicker and more flexible option to quote for residential flood insurance. With the launch of Brit Flood, we are now able to bring increased speed and efficiency to the market, as more clients turn to private insurance to mitigate the risk posed by flood.” – Joanne Allen, Class Underwriter, Brit.

“As we continue to invest in our technology strategy, we are committed to creating products that accelerate processes and provide seamless interactions for our clients. As brokers and coverholders increasingly move away from portals to API based solutions, Brit Flood will integrate with coverholder interfaces and allow them to manage client’s needs easily from one place, removing the need to login to multiple portals.” – Andy Bowers, Managing Director, Programs & Facilities.