Precisely design, monitor, and trigger parametric policies with Floodbase’s flood data.
Receive ongoing support with index creation, threshold setting and validation, as well as policy design, pricing, and triggering. Estimate risk and monitor flood events in near real-time using high quality flood data and expertise.
Confidently provide superior coverage for historically difficult-to-insure locations and risk types to distinguish and grow your business—all while knowing policies will be accurately priced, monitored, and triggered for profitable flood coverage.
Design and underwrite new policies using our data and support at no upfront cost. Pay only when a policy binds to cover continuous monitoring and accurate payout triggering without the need for costly adjusters.
Floodbase enables you to add flood protection to existing wind coverage
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Our pricing varies based on the use case, area of interest, and other factors. However, we always strive to keep our solutions affordable. Please contact us for more information.
We use public and private monitoring satellites that capture images of the earth at regular intervals (ranging from one day to two weeks) and do not need to be tasked. In the case that we need additional information on a place, we have the ability to task private satellites to supplement our understanding of flood extent and depth.
Floodbase uses stream gauges to calibrate and validate our data when available. Because gauges provide information for a single point, are sparse in many parts of the world, and can fail during extreme flood events, Floodbase does not use them directly in parametric solutions or for generating flood maps.
Floodbase data integrates data sources ranging from <1-m up to 1-km to create outputs that range from <1-m up to 250-m. The final resolution of our solutions is tailored to the specific requirements of the policy and geography, and gridded products contain sub-pixel information (i.e., fraction of water per pixel). Our standard resolution for gridded data products is 10-m or 250-m.
Floodbase uses both public and private earth-observing satellites operating across different parts of the electromagnetic spectrum, including optical, infrared and microwave. We utilize both passive and active satellites.
Our proprietary flood mapping technology recognizes floods from their distinct spatial and spectral signature in optical, infrared, and microwave imagery. The flood signatures are derived by using AI algorithms that analyze terabytes of historical flood imagery from our historical archive and learn the spatial and spectral signatures of flooding events. These trained models are then deployed to recognize flood signatures in new imagery and automatically generate alerts when there is active flooding.