You may have heard that Floodbase and Amwins partnered earlier this year, and are combining satellite data and parametric insurance to tackle flood risk, a peril often underinsured or uninsured altogether.

Matthew Grant speaks with Emmalina, who leads Public Sector Partnerships at Floodbase, and Alex, Executive Vice President for Alternative Risk at Amwins, about their work insuring golf courses, municipalities and more.

The discussion highlights how advancements in satellite technology and data-driven insights are bridging gaps in traditional flood insurance, providing faster, more flexible coverage for both private and public sectors.

Key Talking Points:

Learn how Floodbase uses satellite data to track and monitor flood risks.
Understand the limitations of traditional flood insurance coverage.
Explore how parametric insurance provides flexibility and fast payouts.
See how municipalities can use parametric payouts to cover tax revenue losses and community recovery.
Examine how historical flood data shapes payout triggers and pricing.
Discover the unique challenges of insuring golf courses against floods.
Gain insight into the increasing severity of atmospheric rivers and their impacts.
Understand how parametric insurance addresses gaps in public and private sector coverage.
Hear how municipalities reallocate budgets to afford parametric solutions.

If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. You can also contact Emmalina or Alex on LinkedIn to start a conversation!

Continuing Professional Development

This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.

By the end of this podcast, you should be able to meet the following Learning Objectives:

Explain the benefits of parametric insurance, including faster payouts and flexible use of funds.
Specify the process Floodbase uses to monitor and quantify flood water in insured boundaries.
Define the term "atmospheric river" and its relevance to flood risk in California.

If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 333 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast.

To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.