With the purpose of expediting the process for agents, this method makes it possible to obtain flood quotes—especially for properties with little risk—in less than two minutes. Through the integration of this new platform with the Masterpiece EZ Quote homes platform and the Chubb Agent Portal, Chubb is improving its personal lines business for excess and primary flood insurance.

This innovative solution was created in response to the increasing demand for prompt and all-encompassing flood protection in a time when flooding is becoming more frequent and unpredictable. Chubb has demonstrated its proactive commitment to adjusting to changing climate conditions and the related risks by moving to deliver a seamless quote experience.

With a broad selection of business and personal insurance products, Chubb PRS is a world leader in the insurance sector. The organization stands out for having a wide range of products and services, strong financial standing, and in-depth risk assessment capabilities. Chubb's dedication to quality is demonstrated by the way they handle claims, guaranteeing promptness and fairness.

Chubb's innovation in the insurance industry is demonstrated by the new Flood Insurance System. It claims to improve the agents' user interface so they can easily get flood insurance rates for their clients. With coverage options up to $15 million, this system helps Chubb achieve its goal of offering comprehensive flood protection coverage options, including customizable limits that meet different client demands.

Apart from expediting the development of quotes, Chubb has implemented measures to instruct brokers and agents on mitigating flood risks. In a recent report titled "Protecting your family and home from a flood," the company provided insightful information on controlling and mitigating flood damage.

Louis Hobson, senior vice president of Chubb's flood insurance business in North America, stated: "Any surface water that enters your property is frequently not covered by standard home policies. Rainfall runoff that builds too quickly is the most frequent cause of flooding damage, not any extreme weather event.