True Flood Risk is a climate data and property risk management platform that provides real-time flood risk intelligence and property-level assessments for over 200 million properties globally. The platform enables insurers and emergency response teams to make data-driven decisions on underwriting, pricing, and risk management by utilizing AI-driven geolocation data and first floor height metrics to quantify financial exposure to flood risk.
Funding
$300K 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.
Founders
Product
Problem
Accurate flood risk assessment is challenging due to the limitations of traditional methods, which often rely on outdated flood maps and generalized risk zones. These approaches fail to account for property-specific characteristics like first-floor height, leading to inaccurate risk evaluations and potentially flawed insurance and mitigation decisions. The lack of granular, real-time data hinders effective underwriting, pricing, and emergency response planning.
Solution
True Flood Risk offers a property risk management platform that delivers real-time flood risk intelligence and property-level assessments, leveraging AI-driven geolocation data and first floor height (FFH) metrics. The platform provides instant access to an accurate global FFH database, enabling users to quantify financial exposure to flood risk with greater precision. By integrating individual physical risk factors, True Flood Risk facilitates more informed decisions on underwriting, pricing, risk management, and resilience investments. The system delivers property data, weather tracking, and flood risk simulations through APIs and customized visualization dashboards.
Target Audience
The primary users are finance and insurance professionals needing to accelerate underwriting, expedite online quotes, and manage loss control, as well as current and prospective homeowners seeking to understand their property's flood risk and identify mitigation options. The platform also serves real estate professionals and risk mitigation experts.
Features
- AI-driven geolocation intelligence for property-specific flood risk assessment
- Patented technology for instant estimation of First Floor Height (FFH) and First Floor Elevation (FFE)
- Real-time property data, weather tracking, and flood risk simulations
- Integration of individual physical risk into comprehensive flood risk analysis
- Data delivery via single address or batch processing APIs
- Customizable visualization dashboards for enhanced risk communication
- Cost-benefit analysis tools for resilience investments
- Flash flooding assessments