Summary
This business provides an innovative solution for parametric flood insurance, enabling coverage for previously uncovered flood risks. It leverages advanced flood mapping technology and a comprehensive data platform to offer insurance products that pay out based on the magnitude of flooding, ensuring quick payouts and flexibility for various industries including agriculture, municipalities, and golf courses. The company collaborates with brokers and carriers to design tailored insurance solutions that address a wide range of flood-related losses, from business interruption to disaster response.
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