Floodbase is an AI-driven flood risk analytics and flood parametric insurance solutions platform, helping communities to prepare and respond to climate disasters.
As a result of climate change, extreme flooding has grown 4x more frequent over the last four decades, with losses running into an average of $46B+ per event. Yet, over the past decade, 83% of such losses were uninsured, leading to a massive protection gap and exposing private and public assets to high flood risk.
With its real-time flood observation technology, Floodbase uniquely enables parametric flood insurance that can cover a wide range of economic risks and provide rapid payout, necessary for recovery.
It offers insurance providers a convenient one-stop solution to understand end-consumer flood exposure and launch new insurance products, thereby helping bridge the protection gap and drive broader flood resilience.
