
Risk and Insurability Planning Assessments for Communities
Insurability Planning Made Easy
InnSure partners with communities to close protection gaps through community innovation pilots. Our community partners are crucial, serving as real-world environments where insurance innovators with support from our ecosystem of innovation partners can pilot and test impactful solutions. Creation Labs Innovators are developing a full spectrum of risk transfer solutions including innovative insurance products, distribution strategies, public/private capital stacks, advanced analytics and often with embedded enabling technologies.
This cooperative approach enables communities to generate ideas and collaborate with innovators, accelerating solution development. Together, we can actively simultaneously lower risk and shape local insurance markets to cater to the unique needs of the communities.
Communities can access community specific Insurability Planning support including risk, insurance market and total cost of risk analysis. Planning engagements start from $30,000 depending on the scope and nature of the engagement. Communities may be eligible for program subsidies from InnSure innovation partners.
Executive Summary
Our technology enabled Total Cost of Risk assessments provide actionable insights for communities to help them optimize investments in physical and financial resilience and leverage investments in disaster risk reduction to shape insurance markets to be more affordable and accessible.
Scope of Work & Methodology
Stakeholder Discovery: In-depth interviews (~12-18) with key community leaders, utility representatives, insurance professionals, and residents
Data Analysis: A high-level review of available risk, resilience, and insurance data related to implementing a Total Cost of Risk decision making framework
Market Research: Analysis of current insurance landscape and innovative solution providers
Strategic Synthesis: Development of actionable recommendations for enhanced insurability and integration of insurability plans into economic development plans
Community & Region Specific Deliverables
Hazard Analysis Report
Community Resilience Assessment
Insurance Landscape Analysis
Community Insurability Strategy Recommendations
Insurance Innovation Report
Harmonized Regional Report
Typical Project Plan & Activities
Discovery and Data Collection
Stakeholder interview scheduling and execution
Data collection and preliminary analysis
Community site visits
Analysis
Data review and analysis
Market research and innovation mapping
Draft report development
Strategy Development and Communication
Community-specific strategy formulation
Regional synthesis and coalition framework development
Final report delivery and presentation
Stakeholder Interviews
COMMUNITY
Elected Officials
Emergency Services leadership
Economic development officials
Local business leaders
Resident Representatives
]Regional Stakeholders
REGIONAL
State regulators, em response and environmental agencies
Infrastructure (e.g. Utilities) representatives
Insurance industry professionals & regulators
County emergency management officials
NGO and community organization leaders
Expected Outcomes
Comprehensive approach to integrate insurability planning into economic development and resilience planning.
Improved insurance market access and affordability
Enhanced community preparedness and response capabilities
Unlock resilience funding and partnership opportunities