Traditional flood insurance often involves lengthy claims processes, uncertain payouts, and limited coverage options, leaving businesses and public entities vulnerable to significant financial losses and delayed recovery after a flood event. Existing flood insurance solutions may also struggle to provide sufficient coverage limits or address business interruption losses.

FloodFlash offers parametric flood insurance policies that leverage IoT-connected sensors to provide rapid, data-driven claims processing and fast payouts. Policies are triggered when the sensor detects floodwater reaching a pre-agreed depth at the insured property. This approach removes the uncertainty, cost, and time associated with traditional flood insurance claims, enabling businesses and public entities to recover quickly from flood-related financial losses. The parametric nature of the coverage allows for flexible use of funds, including covering business interruption, excess limits, or other financial losses arising from flooding.

IoT-connected sensors that measure floodwater depth at the insured property

Parametric policy triggers based on pre-agreed flood depth

Rapid claims processing and payment within moments of sensor activation

Flexible coverage options for business interruption, excess limits, and other financial losses

Advanced risk modeling and cloud-based underwriting technology for affordable premiums

Expert support and tailored risk advice

Policies can supplement or exceed coverage provided by the National Flood Insurance Program (NFIP) and private markets

FloodFlash primarily targets commercial enterprises and public sector organizations at high risk of flooding, including those seeking broader coverage, higher limits, or business interruption coverage not readily available through traditional flood insurance.