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Mar 29, 2022
Annex

Annex Risk Named to Guidewire Insurtech Vanguards Program

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.

Nov 29, 2021
Flood

Atmospheric Rivers Likely to Increase Risk of West Coast Flooding

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.

Nov 19, 2021
Capital Markets

Catastrophe Bonds Top $30 Billion to Provide More Capital for Global Flooding and Quakes

Catastrophe bonds have become a $30 billion asset class, lowering the cost of insuring catastrophes around the globe.

Nov 17, 2021
Flood

Louisiana Homeowners Begin to See Flood Insurance Rates Increase from Risk Rating 2.0

Risk Rating 2.0 rate increases are beginning to bite in places like Louisiana, where homeowners could see prices go up by more than 500% over the coming decade.

Nov 15, 2021
Earthquake

Upcoming Changes may Cause California Earthquake Insurance Premiums to Double

More than a million homeowners rely on the California Earthquake Authority's (CEA) insurance program to cover their homes. However, rapid growth in the last decade is putting the CEA's success at risk, according to a recent report by the Authority. With rate increases looming, private insurers may need to step in to fill the gap.

Nov 1, 2021
Flood

Flood Insurance Increases to Impact Half a Million Florida Households

With half a million Florida households set to see signficant increases to their flood insurance in 2022, private market flood insurers are poised to offer lower cost, higher quality alternatives to the NFIP.

Oct 20, 2020
Flood

Tapping the $40b Flood Insurance Market

Milliman estimates that the total US flood insurance market could grow to $40b from $4b today, but not without meaningful innovation in the way flood insurance is sold.

Oct 11, 2021
Flood

Improving Access to Flood Insurance

A New York Times article highlights how complex it is to buy flood insurance. Annex makes it seamless with modern software.

Sep 30, 2021
Flood

Climate Changes Leads to Insurance Price Increases

Dramatic flooding, fires, and other weather events are disrupting insurance markets nationwide.

Sep 27, 2021
Flood

Systemic Risk to the Housing Market from Flooding

Flooding and other extreme weather threatens not only individual homes, but the housing market as a whole.

Sep 24, 2021
Flood

Coastal Homes and the Impact of Risk Rating 2.0

Risk Rating 2.0 will drive up flood insurance prices for millions.

Sep 21, 2021
Flood

Modernizing the sale of flood insurance

To protect US households from the increased frequency and severity of flooding, the insurance industry will need to transform the way it makes the sale by leveraging best in class technology.