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Tower targets customer confusion, underwriting with new flood risk tool

NZX-listed insurer models the flood risk of every residential address in NZ.

About 90% of Tower customers could see their home insurance premiums fall by $25 a year because of a New Zealand-first model which assesses the flood risk of every residential address in the country.

The NZX-listed insurer today released a tool it has developed with global catastrophe risk

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Hamish McNicol Wed, 10 Nov 2021
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tower targets customer confusion, underwriting with new flood risk tool
General Business,
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