Floodbase
The AI platform for insuring uncovered flood risk.
Overview
Floodbase provides the data and analytics platform that enables parametric flood insurance. They use satellite imagery and other data sources combined with AI to monitor and measure flooding in near real-time. This allows insurers to design and offer parametric policies that pay out based on the magnitude of a flood event, rather than assessed damages.
✨ Key Features
- Parametric flood insurance platform
- Near real-time flood mapping
- AI-powered data analysis
- Integration of satellite, hydrological, and meteorological data
- Automated policy triggering
🎯 Key Differentiators
- Focus on parametric insurance enablement
- Near real-time flood mapping capabilities
- AI-driven analysis of multiple data sources
Unique Value: Enables the creation and execution of parametric flood insurance products through its advanced data and analytics platform.
🎯 Use Cases (3)
✅ Best For
- Used by insurers and reinsurers to design and trigger parametric flood coverage.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Not a direct insurance provider for end-customers.
🏆 Alternatives
Provides a more comprehensive and near real-time view of flood events compared to traditional flood modeling.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Dedicated Support (Enterprise tier)
💰 Pricing
🔄 Similar Tools in Flood Insurance
TorrentFlood
A real-time, web-based, and paperless flood insurance solution....
FloodFlash
A parametric insurance solution for commercial flood coverage....
Neptune Flood
A private flood insurance provider offering an alternative to the NFIP....
Wright Flood
A leading provider of federal and private flood insurance....
Aon Edge
A provider of private flood insurance solutions for agents and brokers....
Beyond Floods
A private flood insurance product from National General, an Allstate company....