FutureProof
FutureProof is an AI-driven Managing General Agent that provides property-specific insurance for coastal and high-risk areas where standard carriers decline coverage. The platform automates pricing, underwriting, and real-time quoting for Excess & Surplus lines, offering smart-home discounts and instantly bindable policies through a broker-facing API.
- Insurance Technology
- Artificial Intelligence
- Software Only
- Data & Analytics
- Financial Technology
Funding
Raised to date
$6.5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Founder details are not available yet.
Product
Problem
Property owners in coastal and high-risk regions often cannot obtain affordable insurance because traditional carriers avoid underwriting in these areas, leaving many homes and businesses underinsured or uninsured.
Solution
FutureProof operates as a Managing General Agent that leverages AI-driven risk modeling to assess the specific resilience of each property. By integrating data science into pricing and underwriting, the platform generates instant, granular quotes for excess and surplus lines coverage, even in hurricane, wildfire, flood, and severe storm zones. The system provides real-time portfolio management for carrier and reinsurer partners, enabling dynamic risk selection and pricing adjustments. Brokers can access an API for immediate binding quotes, while policyholders receive lower premiums and incentives for proactive risk mitigation measures.
Target Audience
Primary customers are property owners and businesses in coastal or high-risk areas in the Southeast U.S. seeking homeowners, condo, or commercial property insurance, and insurance brokers who need rapid, data-driven quotes for excess and surplus lines.
Features
- AI-powered property risk modeling that incorporates location, building type, and mitigation features such as roof upgrades, hurricane vents, and smart water leak-detection systems
- Automated E&S lines quote generation, quote delivery, and instantly bindable pricing through a broker-facing API
- Real-time portfolio management tools for carriers and reinsurers to monitor exposure and adjust pricing dynamically
- Customized homeowners, condo, and commercial property policies with optional stand-alone wind coverage, loss assessment coverage, and code upgrade coverage
- Flexible occupancy options covering owner-occupied and tenant-occupied units across Texas, Florida, Georgia, the Carolinas, Virginia, Alabama, Louisiana, and Mississippi