Milliman Appleseed has received regulatory approval for the Guidewire HazardHub Fire Suppression Score (FSS) 2.0 in 40 U.S. states and the District of Columbia. The announcement was made on October 14, 2026, by Milliman, Inc., a leading global consulting, technology and actuarial firm. The approval broadens insurers’ access to sophisticated property risk assessment tools. It also helps insurers incorporate predictive data into pricing models.
This approval enhances Milliman Appleseed’s ability to support insurance companies with regulatory-ready risk assessment solutions. Insurers are able to incorporate pre-approved loss costs, risk scores and rating factors directly into their rate filings using the platform. Therefore, they can cut down the time, costs and effort needed for regulatory reviews.
Peggy Brinkmann, principal at Milliman and chief operating officer of Milliman Appleseed, highlighted the platform’s objective. “Our goal with Milliman Appleseed is to streamline the adoption of innovative risk solutions, helping insurers incorporate new data and scores in their pricing models to address today’s evolving challenges with wildfire and other risks,”
Streamlined Regulatory Filings for Insurance Companies
By subscribing to Milliman Appleseed, insurers can use approved risk assessment tools without going through some of the regulatory filing processes all over again. This method enables the incorporation of property risk data into insurance pricing models. It also enables insurers to more efficiently implement new risk assessment methods. The platform also handles new confidentiality reporting requirements for subscribers. Milliman Appleseed confidentially reports all new subscribers to state regulators. This process maintains the regulatory compliance and at the same time keeps the privacy of the subscribers safe.
The property risk environment is evolving and insurance companies are increasingly discovering a need for reliable data. Thus, regulatory-ready solutions can help insurers make better pricing decisions and manage their portfolios more effectively. Guidewire HazardHub Fire Suppression Score is another way to look at how individual property addresses might be assessed for potential fire damage.Her comment emphasizes the necessity of factoring in new risk data when pricing insurance. It also points to the need to manage exposures to wildfire and other emerging perils to property.
Guidewire HazardHub FSS 2.0 Enables Property Risk Assessment
HazardHub FSS 2.0 estimates the expected severity of structural fire damage in partnership with Guidewire. The model measures risks at the individual property address level. It takes into account important factors that can affect fire suppression capabilities, and potential property losses.
This includes the local firefighting resources and the distance of fire departments to the area. This information is used to help insurers better understand property level fire risks through the Fire Suppression Score. This enables insurers to use those insights in their underwriting decisions and set appropriate rates for insurance.
The model also supports wider risk management strategies. For example, insurers can use fire risk information in their property insurance underwriting . They can also use predictive risk scores to enhance their evaluation of exposure across properties and locations.
Regulatory approvals in 40 states and Washington, D.C., have been received and HazardHub FSS 2.0 is now available to insurers that serve multiple markets. Consequently insurance companies can obtain a uniform method of risk evaluation for a large part of the United States.
Supporting Underwriting, Pricing, and Risk Management Decisions
Guidewire highlighted the significance of making its Fire Suppression Score more widely available through approved filings.
“With our Fire Suppression Score now available as an approved filing across most of the U.S., insurers have easy access to a model that provides significant predictive capabilities to support underwriting, pricing, and risk management decisions,” said Chris Folkman, Vice President, HazardHub, Guidewire. “By removing regulatory compliance hurdles, our customers can quickly get to the important issues that drive their business: matching rate to risk, avoiding adverse selection, and efficiently servicing policyholders.”
The expanded approval allows insurers to align insurance premiums with the risks of individual properties. Additionally, predictive analytics allow insurers to detect potential exposure and make more informed underwriting decisions.
The model deals with problems of adverse selection as well. Better risk information can help insurers improve their pricing approaches and assess policyholder exposure more precisely. In the meantime, more-efficient regulatory processes can help companies to focus on their core business priorities.
Overall, Milliman Appleseed’s regulatory approvals for Guidewire HazardHub FSS 2.0 provide insurers with expanded access to property-level fire risk assessment capabilities. This development supports insurance pricing, underwriting and risk management and helps companies navigate regulatory requirements more efficiently.
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News Source: Businesswire.com
