Locations
England, UK · London, UK · Mile End, London, UK · Kingston Vale, London SW15, UK
industry
Finance · Insurance
Size
11-50 employees
Stage
Other
founded in
2017
80% of the world’s catastrophic flood losses aren’t insured. That’s $58 billion of uncovered damage, and it’s getting bigger each year because of climate change, population growth, and urbanization. FloodFlash is an insurance technology company that combines computer models, cloud software, and Internet-of-Things sensors into flood cover that protects those the insurance industry has left behind. FloodFlash is the first parametric flood insurance available to the mass market. Each customer chooses a depth of flooding and how much they’d receive when floods reach that depth. When the smart sensor installed at their property detects flood water at the chosen depth, the claim is paid in full. Since the 2019 launch, FloodFlash has been at the forefront of the global parametric movement. Their smart cover has set new standards for simple, transparent insurance, protecting thousands that can’t get cover anywhere else and winning over 30 industry awards. Founded by catastrophe risk experts Adam Rim.
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