ReThought Insurance

reThought Flood is a technology-focused Managing General Agent (MGA) that specializes in underwriting flood insurance for complex and high-value commercial and residential properties in the United States. The company utilizes advanced data analytics and proprietary, patent-pending underwriting technology to provide precise, risk-based coverage.

Instead of relying on a single source, reThought Flood employs multiple models to create a more accurate and granular assessment of flood risk, moving beyond traditional flood zones. This approach allows the company to offer tailored insurance solutions through agents and brokers. Its business model is centered on providing the necessary tools and data for its partners to effectively write and manage flood insurance policies. The company operates as an InsurTech MGA, indicating its revenue is likely generated through commissions and fees on the policies underwritten through its platform.

Keywords: Flood insurance, InsurTech, MGA, data analytics, risk assessment, underwriting, commercial property, residential property, risk modeling, insurance technology