Neptune Flood uses state-ofthe-art technology and a precise mathematical algorithm to create a smarter and faster flood insurance product . Its risk engine uses geospatial analysis , storm surge and inland flood modelling to provide homeowners with greater peace of mind around flooding – which the Florida-based company describes as one of life ’ s most unpredictable disasters . The need is plain to see : climate change is increasing the frequency and severity of freak weather events , which is why the US has seen a gradual increase in coastal flooding since the 1950s .

This Silicon Valley-based insurtech has developed proprietary risk modelling that all starts with its ‘ digital twin ’ of planet earth , which can be used to detect risk in both the built and the natural environment . For example , the digital twin allows insurers to detect structural risks to insured buildings as well as risks posed to the external networks that their customers depend on .

The company has raised more than US $ 100mn since its seed round in 2015 , and last year was selected by insurance giant Zurich as one of 12 insurtechs redefining the future of insurance .

96 May 2023