floods.ai
Floodbase offers a parametric flood insurance solution that utilizes satellite observations along with hydrological and meteorological data to generate near real-time flood maps, effectively addressing previously uninsured flood risks. The technology combines multiple observational sources and high-frequency temporal inputs to ensure consistent and scalable flood monitoring across various locations.
- Industry: Underwriting and Product Development Support
- Location: Brooklyn, New York, United States
- Founded: 2014-01-01
- Total funding: 26299860
- Website: https://floods.ai
Product & Features
- Floodbase offers a complete solution for designing and monitoring parametric flood insurance products.
- The platform utilizes historical data for custom index design and statistical threshold calibration.
- Continuous monitoring triggers automatic payouts as soon as flood thresholds are crossed, ensuring immediate customer compensation.
- It integrates multiple data sources, including satellites and IoT sensors, for consistent near real-time flood analysis.
- Machine learning algorithms enhance the accuracy of flood predictions and policy pricing based on extensive historical data.
- Floodbase supports carriers in custom policy design, validation, and pricing for various challenging locations.
- The service provides global coverage, allowing risk transfer for diverse geographical areas without relying on local flood models.
Notable Customers
- Liberty Mutual
- City of Fremont
- Marsh McLennan
- Moody's RMS
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Frequently Asked Questions
What is floods.ai?
Floodbase offers a parametric flood insurance solution that utilizes satellite observations along with hydrological and meteorological data to generate near real-time flood maps, effectively addressing previously uninsured flood risks. The technology combines multiple observational sources and…
What does floods.ai do?
Floodbase offers a complete solution for designing and monitoring parametric flood insurance products. The platform utilizes historical data for custom index design and statistical threshold calibration. Continuous monitoring triggers automatic payouts as soon as flood thresholds are crossed, ensuring immediate customer compensation.
Who are floods.ai's customers?
floods.ai's customers include Liberty Mutual, City of Fremont, Marsh McLennan, Moody's RMS.
What category does floods.ai fall under?
floods.ai is a legal technology company in the Underwriting and Product Development Support category.
Where is floods.ai based?
floods.ai is based in Brooklyn, New York, United States.
When was floods.ai founded?
floods.ai was founded in 2014.