2022 FloodFlash: Yearly round-up

2022

Authored by FloodFlash

It’s been a busy year at FloodFlash! We’ve grown our GWP and team, moved into a new office, and broken our claims records. We’ve also sold our first policies in the U.S., the largest flood insurance market in the world. If you’re reading this, you’ve almost certainly played a part in these successes, so thanks for supporting us as we continue to grow. Read on for the full 2022 FloodFlash round up.

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About FloodFlash

FloodFlash is a new type of rapid-payout flood insurance. It uses the latest data modelling and connected tech to bring parametric insurance to the mass market for the first time. The result is fast, easy and flexible cover that pays claims within days of a flood.

FloodFlash is parametric or `event-based` insurance. When buying the cover, the client 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 gaining acclaim at industry awards and recognition from The Times, The Telegraph and the BBC.

FloodFlash operates across Britain, is headquartered in London. Floodflash is a registered coverholder at Lloyd`s of London and is authorised and regulated by the Financial Conduct Authority.