Insurtech MGA reThought taps flood pro for US residential

reThought Partners with Flood Expert for Residential Market

Insurtech managing general agent (MGA) reThought has announced a new collaboration with a flood insurance expert to enhance its offerings in the U.S. residential insurance market. This move aims to address the rising need for specialized flood coverage amidst increasing climate-related risks.

Key Players Involved

reThought has been recognized for its innovative approach to insurance, and with this partnership, they're bringing on board a seasoned professional with extensive experience in flood management. While the exact identity of this new partner hasn't been disclosed, their expertise is expected to significantly bolster reThought's ability to provide clients with tailored flood insurance solutions.

What's Noteworthy?

This partnership highlights the growing recognition of flood risk as a critical component of residential insurance, especially in areas prone to extreme weather events. As climate change continues to impact weather patterns, consumers increasingly seek reliable coverage options. reThought’s initiative could provide much-needed support to homeowners and create a more resilient insurance framework.

Impact on the Insurance Landscape

For homeowners, this collaboration could mean improved access to flood insurance tailored to their specific needs. As coverage options expand, the hope is that more homeowners will feel secure against potential flood damage, which has been a significant concern in many regions across the U.S.

Overall, the partnership represents a step forward in addressing an important gap in residential insurance and underscores the importance of collaboration in tackling emerging risks in the insurance sector.

Original Source: https://www.intelligentinsurer.com/insurtech-mga-rethought-taps-flood-pro-for-us-residential