The partnership reflects a mutual commitment to addressing the significant gap in flood insurance coverage across the United States.
reThought Flood’s goal is to establish a sustainable commercial flood insurance market by utilizing AAIS’s Partner Program to broaden its reach to risk carriers, brokers, and households that lack sufficient flood coverage. The partnership focuses on leveraging technology to tackle the low penetration of flood insurance despite frequent flooding in many regions nationwide.
Through joint efforts with industry professionals, the organisations aim to create solutions that meet customer needs effectively while boosting efficiency and expediting the market’s response to flood risks. The partnership provides AAIS members with access to innovative solutions that streamline processes and promote 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 have 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.”
