Annex's founding team has led strategy, business development, and product at companies like Aon, Allstate, and Credit Karma. We bring together deep knowledge of the insurance industry and a track record of building world-class digital experiences for making the sale of complex financial products. At a time of significant change for the insurance industry, the Annex team is bringing a fresh set of eyes to the long running challenge of low adoption of voluntary catastrophe insurance.
Quote a dozen flood and earthquake insurance providers with a single integration
<10 pieces of information and 60 seconds to get a bindable flood or earthquake quote
Attach quotes directly in a homeowners insurance checkout with open APIs
Built by Silicon Valley engineers for high availability and simple integrations
$10b of residential flood losses in Hurricane Ida were uninsured. 95% of American households are totally unprotected from flood - it’s not covered by their homeowners insurance.
Solving the flood and quake protection gap with world-class technology
"That’s not to say that insurers wouldn’t be interested in the possibility of tapping into the $3.3 billion or so in premiums paid each year to the NFIP by policyholders, as this market likely represents the largest potential growth opportunity in the property and casualty market."
“Private residential flood insurance in the US represents one of the best opportunities in decades to expand the reach of the property insurance industry.”
Annex Risk is excited to announce its selection to Guidewire’s Insurtech Vanguards program. APIs are unlocking massive opportunities for brokers and carriers, and we are thrilled to collaborate with Laura Drabik and the Guidewire team as we build the modern infrastructure for flood and earthquake insurance.
Warming oceans are increasing the intensity and severity of atmospheric rivers. These weather patterns can drop inches of rain in just a few hours, often leaving catastrophic flooding in their wake, and posing a new risk for West Coast homeowners.