Floodbase

Floodbase is an innovative platform that transforms the landscape of flood risk management through the latest satellite imagery and artificial intelligence. The company specializes in parametric flood insurance, which enables fast payouts based on the magnitude of flooding detected across large areas. Floodbase's unique solution expands the addressable markets by allowing brokers to insure previously uninsurable flood risks, ensuring that both municipalities and businesses are better prepared for flood-related disasters.

Founded by a team of scientists and technologists, Floodbase built a platform that continuously monitors flooding worldwide, offering critical insights that empower communities to effectively respond to and recover from flood events. In collaboration with various re/insurers, humanitarian organizations, and local governments, Floodbase enhances disaster response capabilities, allowing for immediate access to necessary funds during emergencies. Its mission is centered on equipping vulnerable communities with resources to adapt and mitigate the impacts of climate change through comprehensive flood risk management.