A complete solution for parametric flood insurance

Precisely design, monitor, and trigger parametric products with Floodbase’s flood data platform.

How it works

Index Design

Custom index design using historical data and policy structure

Threshold Setting

Statistical analysis and backtesting to calibrate thresholds

Location & Needs Evaluation

Data validation and optimization for selected location

Monitoring & Triggering

Continuous threshold monitoring and automatic payout triggering
“Floodbase’s Flood Intelligence Platform provided the infrastructure to detect and respond more quickly to floods that previously did not exist.”
Director of Prevention and Risk Reduction to Catastrophe
WFP Republic of the Congo

Work with an end-to-end parametric flood insurance solution

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.

Expand your business to new customers and markets

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.

Confidently underwrite policies and manage payouts with almost no overhead

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.

Turn wind parametric into hurricane parametric

Floodbase enables you to add flood protection to existing wind coverage

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Consistent and scalable flood data designed for parametric solutions

Automatic payout triggering

Active policies are continuously monitored and claims are automatically triggered as soon as thresholds are crossed, providing customers with immediate payouts, no in-person adjustment necessary.

Consistent, near real-time monitoring

High-frequency temporal observation that doesn’t depend on tasked satellites or vulnerable gauges means no gaps in flood data, regardless of local conditions. Understand flood events as they unfold and rest easy knowing policy pricing and payout triggers are accurate.

Multiple, varied observational data sources

Consistent data from both public and commercial satellites, IoT and stream gauges, meteorological information, on-the-ground sensors, and more combine to create a resilient, near real-time flood analysis datastream.

Global coverage of wide geographies

Provide risk transfer for a wide range of historically difficult to insure location types and sizes. Because Floodbase’s data doesn’t depend on local flood models, coverage can be based on country-scale or local triggers.

Pioneering data science

Machine learning algorithms process historical and near real-time data to produce highly precise statistical flooding estimates, constant monitoring, and accurate triggering.

Custom policy design and support

Carriers use Floodbase’s flood data and technical support to define and validate parametric policy indexes and pricing

30+ years of historical flood data

Decades of global flood data with historical context produces consistent and accurate statistical analyses based on observed fact, rather than simulations.


What is your pricing model?

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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.

Do you have to *task* satellites?

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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.

Do you use flood gauges?

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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.

What resolution is your technology?

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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.

What kinds of satellites do you use?

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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.

How does your model detect flood water?

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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.

Learn more about how our continuous data streams enable parametric flood policy design, monitoring, and triggering for historically uninsurable locations and risk types.