Neptune Flood Insurance
Neptune Flood utilizes advanced mapping technologies, and aerial remote sensing, to create a sophisticated algorithm that provides customers with a flood insurance policy in two minutes or less. The company demonstrates how data can be collected and utilized to develop smarter mathematics, predict risk, and ultimately mitigate future losses. Aside from delighting customers with a fast, more intuitive, online experience Neptune can provide valuable lessons for carriers around using data to better develop policies and price risk. This revolutionary approach to pricing flood risk often results in superior coverages and is available to households in all designated flood zones. Neptune Flood was founded in 2016 by insurance and technology industry veterans, and is led by CEO Trevor Burgess, with a goal of bringing advanced analytics and extreme ease of use to the flood insurance market. Neptune Flood’s policies are currently backed by Lloyd’s of London, Markel and AXA, rated “A” (Excellent) by A.M. Best. Neptune launched its product in early 2017 in Florida, and later in the year achieved the designation of Lloyd’s Coverholder with authority to provide flood insurance throughout the US.