FloodFlash

05/12/2023

This week, we're excited to introduce our latest edition to the FloodFlash team - Ashleigh Byrnes.

Ash joins us as Executive Assistant and Office Manager. As well as supporting co-founders Adam and Ian, Ash makes sure everything in our London HQ runs smoothly.

Hailing from Sydney, Australia, Ash is a keen traveller and is hoping to explore as much of Europe as possible while based in London. She may need some more obscure suggestions, as in the months before moving to London, she already ticked off over 40 European cities!

Welcome Ash!

29/11/2023

Is parametric insurance the future of the insurance industry?

FloodFlash CEO and co-founder Adam Rimmer joined Dawn Miller, Commercial Director at Lloyd's and Kate Stillwell, co-founder of FireBreak Risk on the Insuring Cyber podcast, discussing how parametric insurance can help with increasing climate risks.

You can take a listen to the episode ‘How Climate Risk is Fuelling Innovation in Insurance’ below.

https://www.insurancejournal.tv/videos/23039/

In this episode of The Insuring Cyber Podcast, Dawn Miller, Lloyd’s' commercial director, Kate Stillwell, co-founder of InsurTech Firebreak Risk, and Adam Rimmer, co-founder of InsurTech FloodFlash, all sat down at Lloyd's' offices to discuss the innovation that's happening in insurance around cli...

28/11/2023

We’re well into the holiday season after Thanksgiving last week, but the US team are still busy meeting brokers, agents, and clients across the US.

Next week, Broker Distribution Manager Chris Grasso is in California, where it’s been a tough year for many.

The Golden State faced significant flooding at the start of 2023, caused by multiple atmospheric rivers. These are narrow columns of condensed water vapour in the atmosphere that can produce significant levels of rain. The floods caused an estimated $30bn in damages, but insurance covered only $1bn.

Hurricane Hilary also brought flooding to the state in the summer, marking the first time a tropical storm made landfall on California’s coast since records began in 1949.

As flooding patterns continue to become more unpredictable, and more insurers pull out of the state, FloodFlash can help.

To book a meeting, get in touch at [email protected]

22/11/2023

Happy Thanksgiving from everyone at FloodFlash!

Over the last year, we've met thousands of new fantastic brokers and agents across the States. In the UK, we've continued to grow our partnerships with both existing and new brokers.

We want to say a big thank you to all our partners in the US and UK for your support so far - we can't wait to continue working with you.

21/11/2023

The US team are on the road again, this time in Louisiana.

Louisiana has already experienced significant premium surges with some insurers retreating, largely due to the high risk of hurricanes and flooding.

FloodFlash can support businesses facing premium increases or drops in coverage Whether your client needs full flood coverage, business interruption, to fill a deductible, or NFIP wrap-around, our experts will help you every step of the way.

Ben Lang and Kristen Collier are in Louisiana next week, starting Monday 27th. They’ll be meeting brokers and agents across the state, ensuring more US businesses have access to our award-winning insurance.

To book a meeting, get in touch at [email protected]

09/11/2023

We've been shortlisted for the Tech Trailblazers Internet of Things Award!

Our IoT sensor is at the heart of every policy. It is the key to our affordable premiums and rapid claims. A large part of our rapid response after the recent Storm Babet in the UK is thanks to our smart sensors.

A quick payout is crucial for businesses after a flood. It allows businesses to be back up and running within days, greatly improving their chance of a full recovery.

Do you think our sensor deserves to win? You have until the 17th November to vote using the link below.

Tech Trailblazers Awards 2023 Shortlist Cast your vote! AI Trailblazers Abnormal Security – abnormalsecurity.com – Bearing AI – bearing.ai – HiddenLayer – hiddenlayer.com – LinkedIn Luminance – luminance.com – LinkedIn ProvisionAI – provisionai.com – ...

25/10/2023

Next week, CEO Adam Rimmer and Commercial Director Nyasha Kuwana will be at InsureTech Connect Vegas.

All about insurance innovation, ITC Vegas is the perfect event for our smart sensor and parametric flood solution.

On Thursday, Adam will be speaking on the panel ‘Building Resilience Against Floods: Strengthening Property Insurance Products and Services’ at 2pm.

If you’re attending, make sure to reach out to Adam or Nyasha before next week.

24/10/2023

FloodFlash brokers, customers, and supporters – we need your help!

We’ve made The Europas 2023 longlist for ‘Hottest Insuretech Startup’, and voting is now open.

If you think FloodFlash deserves to take the top spot, you can vote using the link below. Voting closes on the 29th October, so don’t delay!

https://theeuropas.survey.fm/the-europas-awards-2023-public-vote-copy?p=11

20/10/2023

When just one insurer is offering terms, a client might be facing higher premiums.

If your client has a property in an area with a high flood risk, the chances are that flood risk could drive up the premium and limit the options available.

This is where the most savvy brokers know they can use FloodFlash to their advantage. By excluding flood from the primary commercial policy, brokers and their clients can often find many more options at more affordable premiums. Using FloodFlash to fill the flood gap often results in lower overall premiums for the client.

That was the case for one of our clients – a real estate business in Reading. By excluding flood and getting a FloodFlash policy that met their needs, they reduced their overall premium by 30%.

➡ Swipe through to see the full story.

03/10/2023

This week, we’re giving a warm welcome to Thomas Croft, who joins as a Broker Distribution Representative.

As a member of the Broker Success Team, Tom is a key part of our award-winning broker service. He’ll ensure we continue to provide expert support to our brokers and their clients.

Like many of the FloodFlash family, Tom is an avid rugby fan, and often has the injuries to prove it! When not watching or playing the sport, he relaxes with an ice bath or a historic novel, perhaps even at the same time.

27/09/2023

Is parametric insurance a solution to the current crisis facing the property insurance market?

Back in June, FloodFlash CEO and co-founder Adam Rimmer attended the Insurtech Insights Conference in New York. Whilst there, he recorded an episode for the Awkward Insurance podcast with the fabulous Dustyne Bryant, MBA, CIC, CISR.

Listen below to learn more about what parametric insurance is, how our award-winning sensor works, and how we can help with hard-to-place risks.


https://awkward-insurance.simplecast.com/episodes/opening-the-floodgates-on-parametric-insurance

Recorded during our InsurTech Insights USA 2023 conference coverage, this interview left us so inspired that we couldn't wait to share the full recording with you. Welcome to a BONUS episode of Awkward Insurance! In this episode, we dive deep into the world of Parametric Insurance with guest, Adam R...

20/09/2023

Rapidly rising insurance rates are impacting much of the US property market.

Louisiana is undergoing an ‘insurance calamity’, with those unable to front the rising costs having no choice but to leave.

Natural disasters displaced over 8% of Louisianans last year, compared to the nationwide average of 1.6%. As insurance premiums continue to rise, this will only increase, with individuals and businesses moving in search of more affordable coverage.

If you’re a Louisiana-based agent who is struggling to find affordable coverage for your commercial clients, get in touch. At FloodFlash, we can help tailor a parametric policy that meets your clients’ needs and budget.

https://www.insurancebusinessmag.com/us/news/catastrophe/climate-change-causing-an-insurance-crisis-in-louisiana-459230.aspx

State seeing a repricing of insurance, mortgage and even utility rates