Milliman - Milliman Bungalow – Private Flood Program
Type of system
- Pricing
- Private flood rates / rules / forms
Type of platform
- SaaS
Has the product an open API? Yes / No?
Yes.
What are the typical implementation costs for your product?
$20,000
How long does your product take to implement on site?
< 2 weeks
Please name companies that use the system/product
- Wright Flood
- Millennial Specialty Insurance, LLC
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
Milliman Bungalow is a countrywide US flood rating plan which includes loss costs, rating factors, policy forms, and a rate manual for both residential and commercial risks. The programme is pre-filed to reduce regulatory uncertainty, hyper-granular to match price to risk, and easily customisable to the end-user.