FloodFlash enables fairly-priced, no-exclusions, instant-settlement flood insurance. Customers receive a pre-agreed settlement as soon as the FloodFlash sensor detects that waters have exceeded a critical depth. An algorithm is used to set tailored prices meaning that for the first time, personalised and competitive flood policies can be written for the highest-risk locations around the world
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Discussion
Fintastico Team
3 weeks, 2 days
https://dailyfintech.com/2021/03/18/the-changes...
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 […]
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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 […]
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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.
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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 …
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Re/insurance broker Gallagher has announced a new partnership with insurtech start-up FloodFlash, which will enable it to provide a parametric flood
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