The AI platform for insuring uncovered flood risk
Floodbase pioneered flood mapping technology that dramatically expands a broker's addressable risk and powers a new category of parametric flood insurance.
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A new category of
flood insurance
Flooding disrupts businesses, decimates revenue, and requires mobilizing people and resources. Both businesses and the public sector are exposed to the full range of loss caused by floods, yet most only purchase property policies that cover damage to physical assets.
Comprehensive flood resilience requires a new category of insurance product that provides holistic protection. By designing products that pay out based on the magnitude of flooding over a large area, Floodbase enables policies that pay out within days of an event and allow the insured to use the proceeds at their discretion. Floodbase has pioneered the science and assembled the carrier panel required to finally enable large-area flood insurance products.
Cover client flood risk you couldn't cover before
Why brokers love Floodbase
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Program highlights
Municipalities and counties
Disaster response and lost tax revenue cover for municipalities who can't afford to wait for federal or state assistance.
Golf courses
Cover fairways and greens against business interruption when floods force closures and repairs.
Agriculture
Cover crops, locations, and loss types excluded by traditional insurance products.
Flexible coverage tailored to your clients
Deductible buy down
Use Floodbase-enabled cover to fund a deductible for policies with large schedules of value.
Wrap-around cover
Fill gaps in primary or excess flood coverage to increase the breadth of protection and help ensure business continuity.
Primary cover
First-dollar cover for both underserved industries and use cases that are difficult to insure, like non-damage business interruption, non-occupancy buildings, open lots, and other non-traditional risk.
Excess cover
Access additional capacity on varying levels of asset concentration and geographic distribution.
"By partnering with Floodbase, we unlock a tremendous opportunity by enabling products that pay out based on the magnitude of flooding"
Access untapped premium
Launch a new program, get appointed to an existing program, or build a new insurance product.
