As Hurricane #Helene moves through the southern U.S. our thoughts are with those in impacted communities across the region. To enable rapid, actionable flood intelligence in support of relief efforts, Floodbase has put our tech to work across a wide area - from Florida through Georgia, with more states to follow. We are proud to be selected to support FEMA by providing the agency with with hourly monitoring and flood mapping throughout the hurricane's advance across impacted states over the next several days. #HurricaneHelene #Flooding #Floodresilience
Floodbase
Climate Data and Analytics
We use satellites and AI to track floods in near real-time anywhere on Earth to insure risk and save lives.
About us
Floodbase - a data provider and reporting agent - partners with re/insurers and humanitarian organizations to profitably design, underwrite, and monitor parametric flood insurance products. Built on nearly a decade of groundbreaking science, our proprietary solution continuously monitors flooding worldwide. Pairing decades of historical flood data with near real-time monitoring makes it possible to cover large corporate and public sector clients against previously uninsurable economic loss from flooding.
- Website
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https://www.floodbase.com/
External link for Floodbase
- Industry
- Climate Data and Analytics
- Company size
- 11-50 employees
- Headquarters
- New York
- Type
- Privately Held
- Founded
- 2015
- Specialties
- remote analytics, disaster risk reduction, flood analytics, emerging economies, and flood monitoring
Locations
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Primary
1 Dock 72 Way
New York, 11205, US
Employees at Floodbase
Updates
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At the Swiss Re office yesterday Floodbase CEO Bessie Schwarz sat down with other insurance experts from Amwins, Swiss Re Corporate Solutions and the California Department of Insurance to discuss strategies to scale technology and insurance innovations for public sector resilience. Thank you to our fantastic panelists Alex Kaplan, Jacqueline Higgins, and Deborah Halberstadt for your insights on this critical topic during #ClimateWeekNYC. Providing municipalities the tools they need to effectively build economic safety nets in the face of growing disaster risk is paramount to confronting the climate crisis. The solutions discussed included parametric flood insurance as a viable, scalable option to covering previously uninsurable risks and building adaptive strategies for the future. Special thanks to Swiss Re for hosting this event, and Leslie Kaufman from Bloomberg Green for moderating this exciting conversation.
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With Climate Week NYC in full swing, the Floodbase team is excited to attend a number of events and connect with others who share our mission to make communities more resilient to climate change. 🌎 Our team members will be present at the following events - reach out if you'd like to meet up! InnSure | Aon | Climactic | betaworks | Climate Tech Cities | Collaborative Fund | Climatebase | Newlab | The City University of New York
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Building on more than a decade of groundbreaking research, the Floodbase science team is proud to publish a peer reviewed study in Geophysical Research Letters - a scientific journal published by the American Geophysical Union. This peer-reviewed study demonstrates an 11% improvement in Floodbase’s flood mapping accuracy as compared to leading methods, enabling more precise flood monitoring and reduced prices for parametric flood insurance. #flood #earthscience #floodinsurance #floodresilience #floodscience
Rapid Inundation Mapping Using the US National Water Model, Satellite Observations, and a Convolutional Neural Network
agupubs.onlinelibrary.wiley.com
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🛰 Floodbase is changing the way businesses and communities adapt to increasing risk of climate change impacts from flooding. We are looking for a Commercial Director to lead our expansion in the US, responsible for leveraging Floodbase’s cutting-edge technology to create unique re/insurance solutions for private and public sector clients. Learn more and apply 👇 #hiring #floodinsurance #floodparametric #floodresilience
Commercial Director
job-boards.greenhouse.io
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Floodbase reposted this
InsTech has teamed up with Floodbase to explore the critical issues in flood insurance and the data platforms that are helping to close significant coverage gaps. 👉 https://lnkd.in/esPN2khh Key points include: 🌊 Flooding accounts for over 50% of all disaster losses in the US, with 83% of these losses going uninsured. 🌊 Traditional flood insurance often leaves businesses exposed, especially in industries reliant on land, like agriculture and golf courses. 🌊 Floodbase's technology enables parametric insurance products that provide quicker, more comprehensive coverage, including for business interruption and land loss. Check out our latest article for a deep dive into how Floodbase is addressing these challenges and helping businesses and communities recover faster. Read here: 👉 https://lnkd.in/esPN2khh #Insurance #FloodRisk #InsTech #Floodbase #ClimateRisk Evan Achiron Alex Smithard Bessie Schwarz
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Floodbase reposted this
Most golfers agree a rainy day at the golf course is better than a good day at the office, but when golf courses don’t have proper flood coverage in place, one storm could turn into months of lost revenue *and more office days for golfers* ⛳. Amwins is proud to partner with Floodbase on a new and exclusive “Tees-to-Green” parametric flood insurance product that delivers revolutionary coverage, payout speed and flexibility when the course itself is damaged by floodwater. Learn more about this product at https://hubs.ly/Q02M4CsP0 #wehelpyouwin #floodinsurance #parametricinsurance #golf
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Floodbase reposted this
For our latest Company Spotlight, Scholar-Intern Chiara Ryals spoke with Colin Doyle, PhD, Principal Scientist at Floodbase. Floodbase is building resilience against the changing climate with the largest collection of maps tracking flooding globally, making flood insurance possible for populations left out by traditional maps. The company’s Global Flood Database, using over 15 years of flood data combined with human settlement data, creates the first satellite-based platform for global flood risk management and mitigation. Read more here: https://lnkd.in/gDaBRtJh #flooding #floods #floodmapping #floodinsurance #riskmanagement #climatemitigation #climateadaptation #geography #GIS #earthscience #environment #environmentalscience #climatechange #climatecrisis #hazards #geoscience #disastermanagement #emergencymanagement
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⛳ Did you know: Golf courses are often located on low-lying land near bodies of water, exposing them to excess levels of flood risk. Traditional insurance policies typically do not cover damage to the course itself, resulting in expensive out-of-pocket repairs to resume play. 🌊 💰 🏌♀️ Now, thanks to Amwins and Floodbase, there's a way cover damage to the course itself and business interruption from floods! Learn how at floodbase.com/golf-program #golf #golfcourses #golfindustry #floodinsurance #flooddamage #floodparametric #floodresilience #golfcoursemanager #golfclubs