Previsico and Mitigrate Partner to Transform Flood Forecasting into Proactive Prevention

Previsico and Mitigrate have formed a strategic partnership to integrate real-time flood forecasting with property-level risk intelligence. For insurers and MGAs, this collaboration provides a pathway to move beyond reactive claims handling toward proactive loss prevention, combining hyperlocal weather alerts with specific resilience recommendations for over 50 million buildings across Europe and the UK.

What was announced

The partnership combines Previsico’s hyperlocal flood forecasting technology with Mitigrate’s property-level risk and prevention intelligence. This technical synergy allows insurers to identify not just where and when a flood event will occur, but exactly which properties within their portfolio are most vulnerable and what specific physical measures can be taken to mitigate damage. The service is aimed at insurers, risk managers, and policyholders across the UK, the Nordics, and broader Europe.

The collaboration focuses on three operational pillars within the insurance value chain:

• Underwriting: By combining location-specific flood forecasts with property-level vulnerability data, carriers can deliver a higher return on prevention and refine risk selection.
• Risk engineering: The data allows teams to focus on-site surveys and prevention advice on the properties where forecasts and vulnerability both point to the highest potential for loss.
• Claims: The partnership supports "build-back-better" measures, providing clear resilience strategies to reduce repeat losses after an initial event.

Previsico provides the real-time, location-specific warnings, while Mitigrate complements this with intelligence covering more than 50 million buildings across Europe. This includes identifying high-risk properties and recommending targeted, costed flood resilience measures. By providing both long-term resilience strategies and short-notice emergency measures, the partnership aims to help insurers maintain the insurability of properties in high-risk zones.

"A forecast tells insurers the water is coming. Mitigrate shows which properties to protect, which flood resilience measures will cut losses most, and, with short notice, what emergency measures to implement as a last resort. With Previsico, insurers can act on both and keep flood risk insurable."

Laurent Feuilleaubois, CEO of Mitigrate

The companies involved

Previsico is a UK-based specialist in real-time flood forecasting and early warning systems. The company has established itself as a pioneer in hyperlocal flood intelligence, providing alerts that allow businesses and insurers to take preventative action before water reaches a property. Its technology is specifically designed to address the increasing frequency and severity of surface water flooding, which remains one of the most difficult perils for the global insurance industry to model accurately. Previsico has a significant presence in the insurtech sector, with its technology being utilized by major carriers to manage climate-related risks.

Mitigrate is a Norwegian climate insurtech focused on property-level risk assessment and prevention intelligence. The company provides data-driven insights into building vulnerabilities, offering costed recommendations for flood resilience. By maintaining intelligence on over 50 million buildings across Europe, Mitigrate helps insurers understand the physical characteristics of the assets they cover and how those characteristics interact with environmental threats. Together, the two firms represent a growing segment of the market dedicated to climate adaptation and loss mitigation rather than traditional risk transfer alone.

What FF News has reported before

FF News has followed Previsico’s rapid international expansion throughout 2026. In May, the company appointed Previsico Appoints Mark Trumper as CEO to Lead Next Phase of International Growth. This was followed by a significant push into new markets, including a partnership with Blue Orchard Finance as Previsico Expands Into Africa: UK Flood Intelligence Pioneer Partners with Blue Orchard Finance. The company further strengthened its presence in the region when Former Springbok Flip van der Merwe Joins Previsico to Drive South African Flood Tech Expansion. These moves come at a critical time for the industry, as a Previsico Report Reveals UK Flood Preparedness Hits Record Low Despite Rising Risks, highlighting the urgent need for the proactive technology being deployed in this latest partnership.

What this means from an insurtech perspective

This partnership signals a necessary shift in the insurance value chain from "detect and repair" toward a "predict and prevent" model. For carriers and MGAs, the ability to combine real-time peril forecasting with granular property vulnerability data is no longer a luxury; it is a necessity for maintaining sustainable loss ratios in flood-prone regions. This puts pressure on incumbent vendors who rely on static, historical flood maps. By integrating these datasets into underwriting and claims workflows, insurers can justify coverage in areas that might otherwise become uninsurable. The move also empowers brokers to evolve into risk advisory roles, providing tangible value to policyholders before a claim occurs.