In this video interview, we dive into the ongoing partnership between Liberty Specialty Markets and Previsico, which began during a proof-of-concept in Lloyd’s Lab back in 2020. Since then, Liberty has become the first UK insurer to offer real-time flood warnings to clients, utilising Previsico’s innovative IoT sensor technology. The speakers discuss how this collaboration has evolved, enhancing Liberty’s ability to manage flood risks more proactively, and providing clients with advanced warning systems that allow for real-time decision-making in the face of flooding events.

The conversation also touches on how Previsico’s predictive flood data has been integrated into Liberty’s risk management process and adapted to meet the insurer’s specific needs. Both companies explore the broader impacts of this technology, not only within insurance but across various industries. The interview highlights how flood forecasting supports both sustainability goals and business continuity, especially as climate risks increase. Finally, they look toward the future of flood risk management, discussing upcoming innovations and how their partnership will continue to evolve.