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Floodbase

Key facts

Cohort: Cohort 11, 2023

Focus in insurance value chain: Loss Modelling

Specific lines of business supported: Climate Data

Founded: 2015

Status: Operating, still in insurance

Company type: Data Provider

Head office: NY, USA

Locations served: Global 

Employee count: 11-100

Overview

Floodbase is an end-to-end data solution monitoring global flood risk for insurers and government agencies. Floodbase integrates satellite observations and hydrological data to provide both historical and near real-time flood data.

Lab activity

Floodbase was able to validate their product through an end-to-end review with their technically focused mentors. The feedback they received from underwriters, reinsurance specialists, and others about the validity of their data for underwriting and pricing their product was invaluable.

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