Risk Estimation and Insurance Costs

[git-union]

Risk Estimation and Insurance Costs

As an insurance provider, I want to be able to estimate the risk and calculate the insurance costs for properties in flood-prone areas so that I can set premiums appropriately.

Acceptance Criteria

• The system estimates the risk based on historical flood data.
• The system considers the property's elevation when estimating the risk.
• The system takes into account the proximity to water bodies.
• The system factors in the local flood defense measures.
• The system adjusts the cost of insurance based on the estimated risk.
• The system provides a discount for properties with flood prevention systems.
• The system increases the insurance cost for properties with previous flood claims.

graph LR
  A[Property Data] -->|Historical Data| B[Risk Assessment]
  B --> C[Cost Estimation]
  C --> D[Insurance Quote]
  A -->|Elevation Data| B
  A -->|Proximity to Water| B
  A -->|Flood Defenses| B
  A -->|Flood Prevention Systems| C
  A -->|Previous Claims| C

Loading