Delos and ROAR partner to deliver comprehensive disaster risk exposure strategy
Delos Insurance Solutions, a property insurance managing general agent (MGA), and ROAR Partners, an investment advisory firm focused on pre-disaster risk exposure mitigation, have entered into a strategic collaboration designed to offer a complete disaster risk exposure strategy for wildfire-prone regions throughout California and the United States.
The joint initiative will focus on three key areas: identifying areas with lower development risk, establishing multi-stakeholder alliances for wildfire reduction, and delivering comprehensive investment, financial, and insurance solutions.
From 2020 to 2025, California became an “insurance desert”, Delos explains. The January 2025 Los Angeles wildfires, a pivotal stress event, caused an estimated $150bn-$275bn total economic losses.
With only $40bn estimated to be covered by private insurance, the resulting over $110bn protection gap led to significant consequences. These included one in five homes in high risk areas being left lacking private insurance, and an estimated $1.57bn reduction in tax revenue due to diminished business activity.
It also left a projected loss of $4.7bn-$8.9bn on LA County economic output through 2029 and up to 53,000 lost job-years.
States in the Pacific Coast, Mountain US and the Southwest face similar challenges where persistent disasters often occur back-to-back and with cascading consequences from drought, wind, flash-floods, and seasonal fires.
With little time to prepare, ROAR Partners’ Future Proofing America Framework focuses on an “in lieu of loss” thesis which seeks to catalyse reinsurance and others to a higher level of pre-disaster resilience investment.
“Delos is committed to improving access to homeowners insurance in wildfire-stressed locations. The collaboration with ROAR demonstrates our commitment to doing everything we can to work with stakeholders and communities to achieve this,” said Kevin Stein, CEO Delos. “I’m confident working with the ROAR team on the ‘Future Proofing America Framework’ and the other important initiatives, will help shift the needle for homeowners.”
Delos has joined ROAR and other partners, to further the ‘Future Proofing America Framework’ in implementing its three-pillar strategy: Risk Identification and Site Selection, Construction Phase Protection, and Post-Construction Coverage.
To ensure long-term affordability and market stability, the collaboration is committed to prompting the integration of specialised financing models such as those originating in California and emerging nationwide.
The Delos-ROAR collaboration aims to align insurance with modern, AI -driven forecasts, moving away from outdated historical data.
This strategic partnership seeks to reclassify “low-risk” homes, currently trapped in programs like the California FAIR Plan, to restore property values, protect tax base in wildfire corridors, rebuild reinsurance confidence, and speed up post-disaster recovery nationwide.
