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Previsico

Real-time, property-level flood forecasting and intelligence for insurers and risk managers

Underwriting & Risk Growth Series A
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Overview

Previsico is a flood forecasting SaaS platform for insurers, infrastructure operators, and government agencies. Founded in 2019 as a spinout from Loughborough University, the company commercialises two decades of academic flood modelling research to deliver street-level surface water and river flood forecasts updated hourly with 48-hour outlooks. Its platform enables insurers to issue moratoriums, trigger claims mitigation, and alert clients before flood events occur.

The platform delivers property-level forecasts through a REST API and web interface, integrating with GIS tools, emergency management systems, and IoT sensor networks. Flood Intelligence 2.0, launched globally in early 2026, introduced probabilistic forecasting -- presenting multiple flood scenarios with likelihood and severity assessments -- alongside hourly updates and 24-hour retrospective coverage. The company also offers Instacasting for near-real-time stormwater forecasting during active events.

Previsico serves 200+ customers across insurance, property, utilities, transport, and humanitarian sectors. The company achieved 3,624% three-year revenue growth, ranking 4th overall and 1st in insurtech in the 2025 Deloitte UK Technology Fast 50. Series A funding closed in October 2025 with backing from Connecticut Innovations, BlueOrchard Finance, Burnt Island Ventures, and Foresight Capital. Offices operate in Loughborough, London, Hartford (Connecticut), and Hong Kong.

Products & Services

Flood Intelligence Platform

Core SaaS platform providing actionable flood forecasts and hydrological monitoring for insurers and risk managers. Delivers street-level surface water, river, drainage, and smaller waterbody coverage beyond standard flood alerts, with 48-hour outlooks updated hourly.

Key Features

  • Property-level flood risk identification for moratoriums and claims triggers
  • 48-hour forecasts updated hourly with 24-hour retrospective coverage
  • Integration with GIS platforms, IoT sensor networks, and emergency management tools

Target Users: Insurers, reinsurers, risk managers, public sector agencies

Flood Intelligence 2.0

Major platform upgrade launched globally in early 2026. Replaces deterministic forecasting with probabilistic analysis presenting multiple flood scenarios with likelihood and severity assessments.

Key Features

  • Probabilistic forecasting replacing single-outcome models
  • Hourly updates (previously every three hours)
  • Enhanced REST API for streamlined integration

Target Users: Existing and new Flood Intelligence customers requiring higher-confidence forecasting

Instacasting

Flood mitigation solution using observed rainfall data for rapid stormwater flood forecasting. Launched in 2024 for near-real-time situational awareness during active flood events.

Key Features

  • Observed-data-driven stormwater forecasting
  • Near-real-time event tracking
  • Complements forward-looking Flood Intelligence forecasts

Target Users: Insurers and infrastructure operators managing active flood events

Flood Nowcasting

Real-time risk monitoring service tracking active flood conditions as they develop, providing live event tracking alongside the forward-looking forecasting platform.

Key Features

  • Live flood condition monitoring
  • Situational awareness during active events
  • Complements predictive forecasting products

Target Users: Emergency managers, insurers, infrastructure operators

IoT Sensor Network

Physical sensor network placed in watercourses near insured premises, triggering real-time flood warnings when water levels exceed thresholds.

Key Features

  • Watercourse-level IoT monitoring
  • Real-time threshold alerts
  • Deployed by Liberty Specialty Markets as first UK insurer to offer real-time flood warnings to clients

Target Users: Insurers with high-value property portfolios in flood-prone areas

At a Glance

Founded
2019
Headquarters
Loughborough, England, UK
Employees
11-50
Funding
Series A

Category & Focus

Category
Underwriting & Risk
Subcategories
Catastrophe Modeling Risk Scoring Flood Intelligence Parametric Triggers
Insurance Verticals
P&C Commercial Specialty/E&S Reinsurance
Target Customers
Carriers, Brokers, MGAs/MGUs, Reinsurers

Customers

  • Liberty Specialty Markets -- IoT sensor deployment for real-time client flood warnings
  • Zurich Municipal -- active partnership via Lloyd's Lab
  • Generali -- live flood warning service
  • AXA XL
  • Descartes Underwriting
  • Anglian Water
  • Southern Water
  • Kenya Red Cross

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Last updated: 2026-06-05