Floodbase Flood Intelligence Platform

Floodbase is an AI company that builds deep learning flood models to track floods before, during and after they happen, from a city block to a whole country. It combines inputs from multiple sensors into one continuous record of flooding.

Products on the site include a Parametric Platform, Flood Event Mapping, an Automatic Quoting API, a municipalities program and tools for carriers. Use cases span parametric insurers, reinsurers, government response and recovery, banking, logistics and utilities. Customers and partners listed include Liberty Mutual, Swiss Re, the World Bank Group and African Risk Capacity.

• Parametric Platform: structure, quote and trigger flood insurance policies from flood data.
• Flood Event Mapping: track floodwater before, during and after an event.
• Automatic Quoting API: programmatic quotes for carriers.
• Municipalities program: flood data for local government response and recovery.
• Multi-sensor deep learning: one continuous flood record from multiple data sources.

Insurers and reinsurers in Vietnam can design parametric flood cover for the Mekong Delta and central provinces. Provincial disaster agencies can map inundation after storms to prioritize relief. Banks can screen collateral in flood-prone areas.

Flood extent estimates remain continuous even when one sensor source is unavailable. Insurers can structure, quote and trigger flood policies from one data layer. Governments can locate floodwater quickly to support response and disaster declarations. Quotes can be automated through an API.

Parametric flood insurance, which pays out on measured flood extent rather than assessed damage, is expanding as insurers seek faster claims. Vietnam and Southeast Asia have large protection gaps for flood, and satellite-based flood measurement can support such products and post-event response.

Site states the company was founded with research grants from Google (year given inconsistently across sources, so not recorded). Brooklyn, New York headquarters per Caplight; Series A recorded in January 2023 with Floating Point. Partners include Swiss Re, Lloyd's and Aon.