FloodFlash is an insurance technology company that combines computer models, cloud software and internet-of-things sensors into flood cover. Customers choose a depth and payout amount for their policy. When flooding reaches the depth selected, the insurance pays out, typically within 48 hours.
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Fintastico Team
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Fintastico Team
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Munich Re backs $15m funding round for FloodFlash - Reinsurance News
Parametric insurtech firm FloodFlash has secured $15 million in a Series A round of funding that was led by Chicago-based Buoyant Ventures with Munich Re
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The Changes Underway in the Flood Insurance Market - Daily Fintech
Flooding is the number-one natural peril in certain advanced markets, superseding wildfire and storm. Millions of properties are at substantial risk – and frequency and severity of floods on the rise. Still, gap in flood insurance is inordinately high, with <5% of exposed single-family homeowners in US having coverage. Globally since 1980, flooding accounted for […]
Fintastico Team
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The Internet Of (Insured) Things Part 3: Commercial Lines - Daily Fintech
Commercial insurance plays a crucial role in global economies. It shields businesses from failure by assuming risks in production of goods and services. In USA alone, there are over seven million small businesses, ranging from construction firms to grocery stores to home-based businesses. Without right coverages, each could be devastated by disasters or lawsuits. In […]
Fintastico Team
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Fintastico Team
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Insurtech huncho raises £1.2m
Insurtech startup honcho – provider of the UK’s first reverse auction marketplace for financial services – have completed their latest investment raise as their mission to revolutionise how consumers buy insurance continues.
Fintastico Team
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Flood insurance- where the rising tide has NOT raised all ships - Daily Fintech
The problem is known, the data lakes related to the problem are deep, there are huge costs associated with it and plenty of human suffering. Whole sectors of predictive data businesses have grown to better understand what is behind it, options abound in an attempt to mitigate its effects. Governments around the globe spend billions …
Fintastico Team
2 years, 3 months
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Gallagher partners with FloodFlash on parametric policy - Reinsurance News
Re/insurance broker Gallagher has announced a new partnership with insurtech start-up FloodFlash, which will enable it to provide a parametric flood
Fintastico Team
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