Confianza Flood Risk Intelligence

Confianza is offering a Unique and Powerful set of Flood Attributes for Enhanced Resilience in flood insurance, climate adaptation, emergency response management, and public finance.

Access flood risk and adaptation assessments at the property, community, and portfolio level to make faster, more accurate data-driven underwriting, pricing, event response, and Risk Selection / management decisions based on current and future flood risk.

Product Attributes:

1.       USGS Elevation (in ft): Ground elevation of the building provided by USGS. 

2.       FFH (in ft): First Floor Height, indicating the elevation of first occupied floor above ground level.

3.       Confidence: Level of certainty in the FFH measurement

4.       Basement: Indicates whether the property has a basement (Yes/No).

5.       FFH lowered (in ft): Potential reduction in FFH due to presence of a basement.

6.       Flood Risk Score: A category (e.g., Low, Moderate, High) representing the property's flood risk level. The score is based on the proximity to a flood zone and the FFH values as well as annual NFIP claims amounts and counts.

7.       Flood Hazard: Qualitative categorization of the flood hazard (e.g., Low, Moderate, High) which is only based on the intensity and frequency of historic flood events

8.       Annual Flood Freq: Estimated frequency of flooding events affecting area in the vicinity of the property per year.

9.       NFIP Annual Mean Amount Paid in Zip Code (in $): Average amount paid out annually in flood insurance claims within the property's ZIP code.

10.  NFIP Mean Claims Count in Zip Code: Average number of National Flood Insurance Program (NFIP) claims filed annually in the ZIP code.

11.  FEMA Flood Zone: Official flood risk classification assigned by FEMA (e.g., AE, VE, X).

12.  FEMA BFE (in ft): FEMA-designated Base Flood Elevation, representing the height to which flood waters are expected to rise during a base flood event.

13.  Foundation: Basement, Crawl Space, Slab on Grade, Poured Concrete, Pier and Beam, Insulated Concrete Form (ICF), Stone, Pressure Treated Wood, etc.

Flood Risk & Resilience Portfolio Assessment:

·       Flood risk, resilience, and adaptation analysis evaluates the impacts of multiple sources of flood inundation to Portfolio Assessment in Client Policies

Instant access / Seamless IT Integration

·       Property data and flood risk for commercial and residential properties

·       Data delivery available via single address or batch processing API’s

About Confianza:

·        Driving profitable growth with instant 360 views of the Business, Individual, Risk & Exposure.

Confianza’s AI/ML Predictive Loss Analytics and Data Overview:

o   Business Firmographics:

o   Highest match & fill rates of NAICS Code & description, Sales, Employees, Year established, Bankruptcy indicators, etc.

o   Non-FBI Crime data

o   Includes all Incidents and at the near block level, outperforming FBI(based on arrest & at zip code) for Loss Signaling & Propensity.

o   Non-FRCA Personal Risk & Behavior:

o   Applicable to both personal lines Consumer or Small Business Owner

o   Financial strength scores & momentum, Credit proxy, Personal Assets, purchase history.

o   Property Risk & Exposure:

o   Property Replacement Cost (RCE) to solve the undervaluation problem

§  Open, flexible model showing commodity & inflation factors & monitoring.

o   Lessor’s Risk Occupancy: Identify all businesses, operations & tenants in building

o   Proximital “Risky” businesses identified next to insured address

o   Vehicle Vin, Registration & Driver Violation History

o   DPPA regulated, thus requiring permissible purpose to access data

o   Solutions:

o   Targeted Risk Selection for Faster Assessment & Knockout

o   Predict and Prevent for improved Risk Management

o   Profitable renewal strategies & Portfolio Optimization

o   Premium Leakage / Fraud: Comprehensive, eight(8) factor model including motive