Traditional flood insurance often relies on slow, complex adjustment processes and primarily covers damage to physical assets, leaving businesses and municipalities vulnerable to a wide range of flood-related losses such as business interruption, crop and land loss, and disaster response costs. Existing flood maps often fail to accurately represent the full extent of flood risk, leaving a significant protection gap for many locations.

Floodbase provides parametric flood insurance enabled by satellite imaging and AI, offering rapid payouts based on real-time flood data. This enables coverage for a comprehensive range of flood-related losses, including business interruption, crop and land loss, and disaster response, addressing the limitations of traditional insurance. The platform's data leverages multiple observational sources and high-frequency temporal inputs to provide consistent, scalable flood monitoring, even in areas with cloud cover. By offering policies that pay out based on the magnitude of flooding over a large area, Floodbase facilitates payouts within days of an event, allowing the insured to use the proceeds at their discretion.

Parametric insurance policies triggered by real-time flood data from satellite imagery and AI analysis.

Coverage for a wide range of flood-related losses, including business interruption, crop and land loss, and disaster response.

Rapid payouts within days of a flood event, without the need for a lengthy adjustment process.

Consistent, scalable flood monitoring using multiple observational sources and high-frequency temporal inputs.

Index design and ongoing support for underwriters and brokers.

Flexible coverage options, including deductible buy-down, wrap-around cover, primary cover, and excess cover.

Floodbase primarily targets businesses, municipalities, and agricultural operations that are exposed to flood risk and require comprehensive coverage beyond traditional property damage policies. This includes underserved industries and use cases that are difficult to insure, such as non-damage business interruption and open lots.