FloodFlash

FloodFlash is parametric or `event-based` insurance. When buying the cover, the customer chooses the depth of flooding they wish to insure against and how much they’d receive when that flood happens. When the FloodFlash sensor installed at the property detects flood water at the selected depth, the claim is paid in full. No waiting. No haggling.

FloodFlash rapid-payouts were put to the test in February 2020 when Storm Ciara swept across the UK. Claims related to the storm were paid in full within a single day. That speed of claims payment remains the fastest and best proof of mass-market parametric insurance to date.

Founded in 2016 by catastrophe experts Ian and Adam, FloodFlash has raised £2.1m seed investment. FloodFlash operates across Britain and is headquartered in London. FloodFlash is a registered coverholder at Lloyd`s of London and is authorised and regulated by the Financial Conduct Authority.