FutureProof is a Managing General Agent that uses AI‑driven risk modeling to deliver precise, property‑specific excess and surplus lines insurance for homeowners and commercial properties in high‑risk coastal and storm‑prone regions. Its platform provides instant, granular quotes via a broker API, real‑time portfolio management for carriers and reinsurers, and incentives for policyholders who implement risk‑mitigation measures.
Funding
$6.5M raised to dateRaised 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.
3OADFounders
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 seeking homeowners 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 and hurricane vents
- Automated E&S line quote generation and instant binding pricing through a broker-facing API
- Real-time portfolio management tools for carriers and reinsurers to monitor exposure and adjust pricing dynamically
- Customized homeowners and commercial property policies with smart-home discounts for risk-reducing improvements
- Coverage options for hard-to-place markets in the Southeast U.S., including Texas, Florida, Georgia, the Carolinas, Virginia, Alabama, Louisiana, and Mississippi