Making event-based ('parametric') flood insurance available to everyone, at a fair price
Today we announced the news that we’ve raised a further £1.9m of seed funding to accelerate FloodFlash’s nationwide roll-out. You can read the full press release below. A huge thank-you to everyone involved.
It sounds like deep industry jargon, and the Wikipedia entry on the subject hardly helps. The reality is that parametric insurance is very simple; arguably simpler and certainly more objective and transparent than traditional insurance policies.